Morning Notes – Friday, January 14, 2022

Directional Bias For The Day: S&P Futures are lower at 8:15 AM; turned negative from a bit positive and  declined 35 points since 6:00 AM; The odds are for a down day with elevated volatility; watch for a break above 4638.00 and 4650.00 for a change of sentiments Key economic data report due during the…

Morning Notes – Thursday, January 13, 2022

Directional Bias For The Day: S&P Futures are higher at 8:30 AM; futures have risen to the upper bound around 4726.00 of a trading range since 12:45 PM on Wednesday  after testing its lows around 4702.00 The odds are for an up day with elevated volatility; watch for a break below 4714.75 for a change…

Morning Notes – Wednesday, January 12, 2022

Directional Bias For The Day: S&P Futures are higher at 8:30 AM; futures are breaking above a sideways move at 8:30 AM The odds are for an up day with elevated volatility; watch for a break below 4705.50 for a change of sentiments Key economic data report due during the day: CPI (0.5% vs. 0.4%…

Morning Notes – Tuesday, January 11, 2022

Directional Bias For The Day: S&P Futures are higher at 8:15 AM; futures rose during  the early European session and are retreating a bit since the 5:00 AM high of 4688.25 The odds are for an up day with elevated volatility; watch for a break below 4653.25 for a change of sentiments Key economic data…

Morning Notes – Monday, January 10, 2022

Directional Bias For The Day: S&P Futures are lower at 9:15 AM; declining since 2:30 AM The odds are for a down day with elevated volatility; watch for a break above 4681.75 for a change of sentiments Key economic data report due during the day: Final Wholesale Inventories ( 1.2% est.; prev. 1.2%) at 10:00…

Morning Notes – Friday, January 7, 2022

Directional Bias For The Day: S&P Futures are lower at 8:45 AM; sharply down following the Non-Farm Payroll report at 8:30 AM The odds are for a down day with elevated volatility; watch for a break above 4701.25 for a change of sentiments Key economic data report due during the day: Non-Farm Employment Change (…

Morning Notes – Thursday, January 6, 2022

Directional Bias For The Day: S&P Futures are little change at 8:45 AM; moved up from 4668.00 at 11:45 PM to around 4690.00 The odds are for a down day with elevated volatility; watch for a break above an Inverse Head-&-Shoulder pattern neck around 4703.00 for a change of sentiments Key economic data report due…

Morning Notes – Wednesday, January 5, 2022

Directional Bias For The Day: S&P Futures are slightly lower at 8:45 AM; moving sideways since 3:15 AM around 4785.00 levels The odds are for a sideways to a down day – watch for a break above 4787.75 for a change of sentiments Key economic data report due during the day: ADP Non-Farm Employment Change…

Morning Notes – Tuesday, January 4, 2022

Directional Bias For The Day: S&P Futures are higher at 8:45 AM; rising up from 4795.25at 7: 15 AM near the 20-bar EMA on the 15-minute chart after declining from 4807.50 The odds are for an up day – watch for a break below 4795.25 and 4792.50 for a change of sentiments Key economic data…

Morning Notes – Monday, January 3, 2022

Directional Bias For The Day: S&P Futures are higher at 9:00 AM; moved down from 4791.00 at 6:00 AM to near 4775.00 just before the NYSE open The odds are for an up day with a good chance of a sideways to down move from pre-open levels – watch for a break below 4771.25 and…