Morning Notes – Wednesday, August 31, 2022

Directional Bias For The Day: S&P Futures are higher at 8:00 AM; the futures are drifting higher from 3979.75 since 5:30 AM; The odds are for an up day with elevated volatility – watch for a break below 3979.75 for a change of sentiments The key economic data report due during the day: ADP Non-Farm…

Morning Notes – Tuesday, August 30, 2022

Directional Bias For The Day: S&P Futures are higher at 8:00 AM; the futures are declining since 6:00 AM from 4072.75; at the lower end of a Double Top – a break below 4059.00 will have a 61.8% extension target around 4050.00, and the 100% extension target would be around 4045.00 The odds are for…

Morning Notes – Monday, August 29, 2022

Directional Bias For The Day: S&P Futures are lower at 9:00 AM; the futures are moving sideways between 4040.75 and 4006.75 since opening the week with a down gap at 6::00 PM on Sunday The odds are for a down day with elevated volatility with a good chance of a sideways to up move from…

Morning Notes – Friday, August 26, 2022

Directional Bias For The Day: S&P Futures are lower at 8:30 AM; the futures are volatile following the PCE report and before Chair Powell’s speech at the Jackson Hole Conference The odds are for a down to sideways day with elevated volatility – watch for a break above 4202.00 and a break below 4180.00 for…

Morning Notes – Thursday, August 25, 2022

Directional Bias For The Day: S&P Futures are higher at 8:45 AM; the futures are moving down since 2:45 AM  – down more than 30 points from the high of 4187.75 The odds are for an up day with elevated volatility and with a good chance of a sideways to down move from pre-open levels…

Morning Notes – Wednesday, August 24, 2022

Directional Bias For The Day: S&P Futures are higher at 8:00 AM; the futures are moving up since 3:30 AM from 4119.75; up more than 15 points since 6:45 Am to 4140.00 The odds are for an up to sideways day with volatility – watch for a break above 4143.50 and a break below 4125.00…

Morning Notes – Tuesday, August 23, 2022

Directional Bias For The Day: S&P Futures are higher at 9:00 AM; the futures are moving sideways to down since 3:30 AM around 4140.00 The odds are for a sideways to down day with volatility – watch for a break above 4157.00 and a break below 4118.00 for clarity The key economic data report due…

Morning Notes – Monday, August 22, 2022

Directional Bias For The Day: S&P Futures are lower at 9:00 AM; the futures are moving sideways to down since 4:15 AM around 4180.00 and after  opening the week with a down gap and declining by more than 40 points The odds are for a down day with volatility – watch for a break above…

Morning Notes – Friday, August 12, 2022

Directional Bias For The Day: S&P Futures are higher at 9:00 AM; the futures up more than 15 points since 7:30 AM to a Double Top resistance at 4237.5 The odds are for an up day with volatility and a good chance of moving sideways to down from the pre-open levels around 4235.00 – watch…

Morning Notes – Thursday, August 11, 2022

Directional Bias For The Day: S&P Futures are higher at 9:00 AM; the futures up 20 points since 4:45 AM after moving sideways from 8:15 PM The odds are for an up day with volatility and a good chance of moving sideways to down from the pre-open levels around 4245.00 – watch for a break…