Morning Notes – Friday, May 12, 2023

Directional Bias For The Day: S&P Futures are higher at 9:00 AM. Futures have been forming a downsloping flag since 5:00 AM. The odds are for an up day with elevated volatility – watch for a break above 4162.50 and a break below 4153.50 for clarity The major economic data reports due during the day:…

Morning Notes – Thursday, May 11, 2023

Directional Bias For The Day: S&P Futures are lower at 9:00 AM – declining since 5:15 AM – down more than 30 points to around 4140.00 The odds are for a down day with elevated volatility – watch for a break above 4158.25 for a change of sentiments The major economic data reports due during…

Morning Notes – Wednesday, May 10, 2023

Directional Bias For The Day: S&P Futures are higher at 8:45 AM – jumped up more than 35 points following the CPI report at 8:30 AM The odds are for an up day with elevated volatility – watch for a break below 4145.00 for a change of sentiments The major economic data reports due during…

Morning Notes – Tuesday, May 9, 2023

Directional Bias For The Day: S&P Futures are lower at 8:45 AM – moving sideways around 4135.00 since 4:30 AM after declining more than 15 points from 1:00 AM The odds are for a down to a sideways day – watch for a break above 4152.75 for a change of sentiments No major economic data…

Morning Notes – Monday, May 8, 2023

Directional Bias For The Day: S&P Futures are higher at 9:00 AM – moving within a trading range between 4142.00 and 4163.00 The odds are for a sideways to an up day – watch for a break above 4163.25 and a break below 4142.00 for clarity The major economic data reports due during the day:…

Morning Notes – Friday, May 5, 2023

Directional Bias For The Day: S&P Futures are higher at 9:00 AM – moving up since 4:15 AM – up more than 25 points The odds are for an up day with elevated volatility – watch for breaks below 4093.25 and 4085.50 for a change of sentiments The major economic data reports due during the…

Morning Notes – Thursday, May 4, 2023

Directional Bias For The Day: S&P Futures are lower at 9:00 AM – moving down since 12:30 AM – down more than 32 points The odds are for a down day with elevated volatility – watch for a break above 4118.00 for a change of sentiments The major economic data reports due during the day:…