Morning Notes – Thursday, May 12, 2022

Directional Bias For The Day: S&P Futures are lower at 8:45 AM; down more than 50 points since 10:00 PM on Wednesday The odds are for a down day with elevated volatility – watch for a break above 3925.00 for a change of sentiments The key economic data report is due during the day PPI…

Morning Notes – Wednesday, May 11, 2022

Directional Bias For The Day: S&P Futures are lower at 8:45 AM; a sharp  decline of more than 60 points following the CPI report at 8:30 AM The odds are for a down day with elevated volatility – watch for a break above 4027.00 for a change of sentimentsclarity The key economic data report is…

Morning Notes – Tuesday, May 10, 2022

Directional Bias For The Day: S&P Futures are higher at 8:45 AM; making a cup-like pattern; The odds are for an up day with elevated volatility – watch for a break below 3999.25 for a change of sentimentsclarity No key economic data report is due during the day Directional Bias Before Open: Weekly: In Correction…

Morning Notes – Monday, May 9, 2022

Directional Bias For The Day: S&P Futures are lower at 9:15 AM; bounced up more than 20 points from 7:15 AM low of 4031.75; The odds are for a down day with elevated volatility – watch for a break above 4093.00 and a break below 4021.75 for clarity Key economic data report due during the…

Morning Notes – Friday, May 6, 2022

Directional Bias For The Day: S&P Futures are lower at 9:15 AM; moving sideways with a down bias since 12:00 PM on Thursday between 4169.00 and 4099.00 The odds are for a down day with a good chance of a sideways move from the pre-open levels around 4111.00 – watch for a break above 4152.00…

Morning Notes – Thursday, May 5, 2022

Directional Bias For The Day: S&P Futures are a lower at 9:15 AM; moving sideways scene 3:15 AM within a narrow bad; The odds are for a down day with a good chance of a sideways move from the pre-open levels – watch for a break above 4300.75 and break below 460.25 for clarity Key…

Morning Notes – Wednesday, May 4, 2022

Directional Bias For The Day: S&P Futures are a bit higher at 9:15 AM; drifting lower since 7:15 AM high of 4191.00 The odds are for an up day with elevated volatility – watch for a break below 4167.75 for a change of fortunes Key economic data report due during the day: Trade Balance (…

Morning Notes – Tuesday, May 3, 2022

Directional Bias For The Day: S&P Futures are a bit higher at 9:15 AM; drifting up since 6:30 AM The odds are for an up day with elevated volatility – watch for a break below 4134.25 for a change of fortunes Key economic data report due during the day: JOLTS Job Openings ( 11.19M est.;…

Morning Notes – Monday, May 2, 2022

Directional Bias For The Day: S&P Futures are a bit higher at 9:15 AM; moving sideways to down since 4:00 PM on Friday in large swings The odds are for a down day with a good chance of staying within a range with elevated volatility – watch for a break above 4150.00 and a break…