Morning Notes – Friday, March 31, 2023

Directional Bias For The Day: S&P Futures are higher at 8:45 AM – moving up since 4:15 AM after declining more than 15 points to 4078.00 The odds are for an up day – watch for a break below 4078.00 for a change of sentiments The major economic data report is due during the day.…

Morning Notes – Thursday, March 30, 2023

Directional Bias For The Day: S&P Futures are higher at 8:15 AM – trending up since 2:00 PM on Tuesday The odds are for an up day – watch for a break below 4052.50 for a change of sentiments The major economic data report is due during the day. Final GDP ( 2.7% est.; prev.…

Morning Notes – Wednesday, March 29, 2023

Directional Bias For The Day: S&P Futures are higher at 8:45 AM – up more than 60 points since the low of 3981.00 at 2:00 PM on Tuesday; drifting lower since 5:45 AM The odds are for an up day with a good chance of a sideways to down move from the pre-open levels around…

Morning Notes – Tuesday, March 28, 2023

Directional Bias For The Day: S&P Futures are lower at 8:00 AM – declined from the 3:00 AM high of 4023.75  to around 4000.00 The odds are for a down day with elevated volatility – watch for a break above 4023.75 for a change of sentiments The major economic data report is due during the…

Morning Notes – Monday, March 27, 2023

Directional Bias For The Day: S&P Futures are higher at 8:45 AM – advanced more than 35 points from the 3:45 AM low of 3997.50, retreating since 7:30 AM The odds are for an up day with elevated volatility – watch for a break below 3997.50 for a change of sentiments No major economic data…

Morning Notes – Friday, March 24, 2023

Directional Bias For The Day: S&P Futures are lower at 8:45 AM – declined more than 60 points from the 3:45 AM high of 3998.25, moving sideways to up since 6:00 AM The odds are for a down day with elevated volatility – watch for a break above 3977.25 for a change of sentiments The…

Morning Notes – Thursday, March 23, 2023

Directional Bias For The Day: S&P Futures are higher at 8:45 AM. Broken below an up-sloping flag – a break  below 3977 will have a target around 3920.00 The odds are for a sideways to down day from the pre-open levels around 3990.00, with elevated volatility – watch for a break above 4001.25 for a…

Morning Notes – Wednesday, March 22, 2023

Directional Bias For The Day: S&P Futures are little changed at 9:15 AM, moving sideways since 4:00 PM on Tuesday between 4041.50 and 4022.75 The market is awaiting the FOMC decision and the press conference The odds are for a sideways to an up day with elevated volatility – watch for a break above 4041.50…

Morning Notes – Tuesday, March 21, 2023

Directional Bias For The Day: S&P Futures are higher at 8:45 AM; trending up since 4:15 AM on Monday- up 30 points since 2:00 AM The odds are for an up day with elevated volatility – watch for a break below 3989.75 for a change of sentiments The major economic data report is due during…

Morning Notes – Monday, March 20, 2023

Directional Bias For The Day: S&P Futures are higher at 9:00 AM; bounced up more than 60 points from the 4:15 AM low of 3897.25; The odds are for a choppy day with large swings – watch for a break above 3978.25 and a break below 3925.00 No major economic data report is due during…