Morning Notes – Monday, February 13, 2023

Directional Bias For The Day: S&P Futures are little changed at 9:15 AM, moved down more than 10 points from  the 7:30 AM high of 4115.00 The odds are for an up-to-sideways day with elevated volatility – watch for a break above 4115.00 and a break below 4096.25 for clarity No major economic data report…

Morning Notes – Friday, February 10, 2023

Directional Bias For The Day: S&P Futures are lower at 8:15 AM, moved down more than 30 points from  the 3:00 AM high of 4098.00 The odds are for a down day with elevated volatility – watch for a break above 4098 for a change of sentiments The major economic data report is due during…

Morning Notes – Thursday, February 9, 2023

Directional Bias For The Day: S&P Futures are higher at 8:15 AM, drifting lower since 6:00 AM – declined by more than 15 points to around 4155.00 The odds are for an up day with elevated volatility – watch for a break below 4146.00 for a change of sentiments The major economic data report is…

Morning Notes – Wednesday, February 8, 2023

Directional Bias For The Day: S&P Futures are lower at 8:15 AM, drifting lower since 1:00 AM – declined by more than 20 points to around 4155.00 The odds are for a down to a sideways day – watch for a break above 4175.00 for a change of sentiments The major economic data report is…

Morning Notes – Tuesday, February 7, 2023

Directional Bias For The Day: S&P Futures are little changed at 8:00 AM, moving near the middle of an ascending triangle on intraday charts, which is a typically bullish pattern The odds are for a sideways day – watch for a break above 4133.25 and or a break below 4113.00 for clarity The major economic…

Morning Notes – Monday, February 6, 2023

Directional Bias For The Day: S&P Futures are lower at 9:00 AM, trending down since 11:30 AM on Friday The odds are for a down day with elevated volatility; good chance of a sideways to up move from the pre-ope levels around 4115.00-  – watch for a break above 4124.50 and a break below 4106.25…

Morning Notes – Friday, February 3, 2023

Directional Bias For The Day: S&P Futures are lower at 9:00 AM after a big swing following the NFP report; broke below  a descending triangle at 8:30 AM – the 61.8% extension target is near 4120.00, and the 100% extension target is near 4100.00 The odds are for a down day with elevated volatility –…

Morning Notes – Thursday, February 2, 2023

Directional Bias For The Day: S&P Futures are higher at 8:30 AM, near the upper bound of a horizontal channel –  between 4163.25 and 4136.75 – in effect since 4:00 PM on Wednesday The odds are for a sideways to up day – watch for a break above 4163.25 and a break below 4136.75 for…

Morning Notes – Wednesday, February 1, 2023

Directional Bias For The Day: S&P Futures are down a bit at 8:30 AM, drifting sideways to down around 4080.00 since 6:00 PM ahead of the FOMC rate decision and the press conference at 2:30 PM The odds are for a sideways to down day with elevated volatility – watch for a break above 4091.25…