Morning Notes – Wednesday, February 9, 2022

Directional Bias For The Day: S&P Futures are higher 9:00 AM; trending up since 10:00 AM on Tuesday The odds are for an up day; watch for a break below 4539.75 for a change of fortunes Key economic data report due during the day: Final Wholesale Inventory ( 2.1% est.; prev. 2.1%) at 10:00 AM…

Morning Notes – Tuesday, February 8, 2022

Directional Bias For The Day: S&P Futures are a bit lower 8:15 AM; trying to break below a symmetrical triangle on the 30-minute chart The odds are for a sideways to down day; watch for a break above 4496.50 and a break below 4463.25 for clarity Key economic data report due during the day: Trade…

Morning Notes – Monday, February 7, 2022

Directional Bias For The Day: S&P Futures are higher at 8:45 AM; moved up 30 points since 4:45 AM The odds are for an up day with elevated volatility; watch for a break above 4472.50 for a change of sentiments No key economic data report due during the day: Directional Bias Before Open: Weekly: Correction…

Morning Notes – Friday, February 4, 2022

Directional Bias For The Day: S&P Futures are lower at 8:45 AM; down more than 30 points  since 7:45 AM and more than 70 points from 2:00 AM The odds are for a down day with elevated volatility; watch for a break above 443.25 for a change of sentiments Key economic data report due during…

Morning Notes – Thursday, February 3, 2022

Directional Bias For The Day: S&P Futures are lower at 8:45 AM; down more than 25 points  since 7:45 AM The odds are for a down day with elevated volatility; watch for a break above 4544.00 for a change of sentiments Key economic data report due during the day: Bank of England Monetary Policy Report…

Morning Notes – Wednesday, February 2, 2022

Directional Bias For The Day: S&P Futures are higher at 8:45 AM; drifting up since 4:00 PM  on Tuesday within an upsloping flag The odds are for an up day with elevated volatility; watch for a break below 4547.00 for a change of sentiments Key economic data report due during the day: ADP Non-Farm Employment…

Morning Notes – Tuesday, February 1, 2022

Directional Bias For The Day: S&P Futures are higher at 8:45 AM; moving up since 4:30 AM The odds are for an up day with elevated volatility; watch for a break below 4482.00 for a change of sentiments Key economic data report due during the day: Final Manufacturing PMI ( 55.0 est.; prev. 55.0) at…