Morning Notes – Thursday, March 31, 2022

Directional Bias For The Day: S&P Futures are a bit higher at 8:0 AM; drifting lower since 8:30 PM The odds are for a down day – watch for a break above 4612.00 for a change of sentiments Key economic data report due during the day: Core PCE Price Index (0.4% est.; prev. 0.5%) at…

Morning Notes – Wednesday, March 30, 2022

Directional Bias For The Day: S&P Futures are lower at 8:15 AM; moving lower since 2:00 AM The odds are for a down day – watch for a break aboveĀ  4627.50 for a change of sentiments Key economic data report due during the day: ADP Non-Farm Employment Change ( 455K est.; prev. 475K) at 8:15…

Morning Notes – Tuesday, March 29, 2022

Directional Bias For The Day: S&P Futures are higher at 8:30 AM; moving up since 1:00 AM The odds are for an up day with a good chance of sideways to down move from the pre-open levels around 4610.00 – watch for a break below 4580.50 for a change of sentiments Key economic data report…

Morning Notes – Friday, March 25, 2022

Directional Bias For The Day: S&P Futures are higher at 8:45 AM; moving up since 4:15 AM and then sideways since 7:15 AM around 4527.00 The odds are for an up day – watch for a break below 4513.75 for a change of sentiments Key economic data report due during the day: Revised UoM Consumer…

Morning Notes – Thursday, March 24, 2022

Directional Bias For The Day: S&P Futures are higher at 8:30 AM; declining since 7:00 AM; possible Doble Top pattern on the 15-minute chart The odds are for a sideways to down day from pre-open levels around 4470.00- watch for a break above 4481.25 for a change of sentiments Key economic data report due during…

Morning Notes – Wednesday, March 23, 2022

Directional Bias For The Day: S&P Futures are lower at 8:30 AM; declined from 4513.00 at 1:45 AM to around 4480.00; The odds are for a down day – watch for a break above 4501.50 Key economic data report due during the day: New Home Index ( 809K est.; prev. 801K) at 10:00 AM Directional…

Morning Notes – Tuesday, March 22, 2022

Directional Bias For The Day: S&P Futures are higher at 8:45 AM; moving sideways to down since 4:30 AM; The odds are for an up to sideways day – watch for a break above 4472.50 and a break below 4458.75 for clarity Key economic data report due during the day: Richmond Manufacturing Index ( 2…

Morning Notes – Monday, March 21, 2022

Directional Bias For The Day: S&P Futures are a bit lower before the NYSE open; drifting higher since 1:30 AM The odds are for a sideways to an up day – watch for a break above 4465.75 and a break below 4430.75 for clarity Key economic data report due during the day: Fed Chair Powell…

Morning Notes – Friday, March 18, 2022

Directional Bias For The Day: S&P Futures are lower at 8:45 AM; down more than 20 points since 2:30 Am and down more than 30 points since 4:00 PM The odds are for a down day with elevated volatility; watch for a break above 4382.50 for a change of sentiments; Key economic data report due…

Morning Notes – Thursday, March 17, 2022

Directional Bias For The Day: S&P Futures are higher at 8:30 AM; up more than 70 points sinceĀ  the 8:00 PM low of 4239.00; moving sideways since 6:00 AM; The odds are for an up day with elevated volatility; watch for a break below 4320.25 for a change of sentiments; Key economic data report due…