Morning Notes – Tuesday, January 31, 2023

Directional Bias For The Day: S&P Futures are down a bit at 8:00 AM; bounced up almost 20 points since 6:30 AM The odds are for a down day with an equal chance of an up move from the pre-open levels around 4025.00 with elevated volatility – watch for a break above 4041.50 for a…

Morning Notes – Monday, January 30, 2023

Directional Bias For The Day: S&P Futures are lower at 9:00 AM; bouncing up since 6:30 AM The odds are for a down day with a good chance of a sideways to an up move from the pre-open levels around 4050.00 with elevated volatility – watch for a break above 4058.25 and a break below…

Morning Notes – Friday, January 27, 2023

Directional Bias For The Day: S&P Futures are lower at 9:00 AM; moving within a range – between 4070.25 and 4057.25 – since 4:30 PM on Thursday The odds are for a sideways to an up day with elevated volatility – watch for a break above 4070.25 and a break below 4057.25 for clarity The…

Morning Notes – Thursday, January 26, 2023

Directional Bias For The Day: S&P Futures are higher at 9:00 AM; broke below a Horizontal Channel following a large swing after the GDP and Unemployment Claims report at 8:30 AM – the 61.8% extension target is near 4120.00, and the 100% extension target is near 4150.00 The odds are for an up day with…

Morning Notes – Wednesday, January 25, 2023

Directional Bias For The Day: S&P Futures are lower at 9:00 AM; broke below a Double Bottom low – the 100.0% extension target near 3986.00 is achieved, and the 161.8% extension target is near 3980.00 The odds are for a down day with elevated volatility – watch for a break above 3998.00 and a break…

Morning Notes – Tuesday, January 24, 2023

Directional Bias For The Day: S&P Futures are lower at 9:00 AM; futures are drifting lower since 12:30 AM – down more than 25 points; breaking below a horizontal channel – the 61.8% extension target is near 4001.50, and the 100% extension target is near 3992.00 The odds are for a down day with elevated…

Morning Notes – Monday, January 23, 2023

Directional Bias For The Day: S&P Futures are a bit higher at 9:00 AM; futures are moving sideways around 3990.00 The odds are for a sideways to an up day with elevated volatility – watch for a break above 4000.00 and a break below 3980.25 for clarity. No major economic data report is due during…

Morning Notes – Friday, January 20, 2023

Directional Bias For The Day: S&P Futures are a bit higher at 9:00 AM; futures moving within a range between 3931.00 and 3910.00 – near the lower end of the range The odds are for a sideways to an up day with elevated volatility – watch for a break below 3911.00 for clarity The major…

Morning Notes – Thursday, January 19, 2023

Directional Bias For The Day: S&P Futures are lower at 9:00 AM; futures drifting lower since 3:00 AM after a sideways move around the 3940.00 level; The odds are for a down day with elevated volatility – watch for a break above 3944.50 for a change of sentiments The major economic data report is due…

Morning Notes – Tuesday, January 10, 2023

Directional Bias For The Day: S&P Futures are higher at 9:00 AM; futures drifting higher since 2:15 AM and nearing a resistance zone for the index at around 3958.00 The odds are for an up day with elevated volatility – watch for a break below 3942.25 for a change of sentiments No major economic data…