Morning Notes – Thursday, August 31, 2023

Directional Bias For The Day: S&P Futures are a little higher at 9:00 AM; moving down since 8:30 AM – down more than 13 points from a high of 4541.25 The odds are for an up to a sideways day – watch for a break above 4541.25 or a break below 4523.00 for clarity The…

Morning Notes – Wednesday, August 30, 2023

Directional Bias For The Day: S&P Futures are little changed at 9:00 AM; moving within a range between 4516.25 and 4496.25 since 3:00 PM on Tuesday The odds are for a sideways day – watch for a break above 4516.25 or a break below 4496.25 for clarity The major economic data report due during the…

Morning Notes – Tuesday, August 29, 2023

Directional Bias For The Day: S&P Futures are lower at 8:45 AM; moving down since 3:30 AM – down more than 15 points The odds are for a down day with elevated volatility – watch for a break above 4449.25 for a change in sentiments The major economic data report due during the day: S&P/CS…

Morning Notes – Monday, August 28, 2023

Directional Bias For The Day: S&P Futures are higher at 9:00 AM; moving up since 6:15 AM after a sideways consolidation since 6:00 PM on Sunday; up more than 20 pints from the European session open; The odds are for an up day with elevated volatility – watch for a break below 4410.75 for a…

Morning Notes – Friday, August 25, 2023

Directional Bias For The Day: S&P Futures are higher at 8:00 AM; forming an up-sloping flag, a bearish pattern, since 4:30 PM – up more than 20 points to around 4398.00 Waiting for Fed Chair Powell’s speech at the Jackson Hole Symposium The odds are for a sidewyas to a down day from the pre-open…

Morning Notes – Thursday, August 24, 2023

Directional Bias For The Day: S&P Futures are higher at 9:00 AM but are declining from a high of 4485.50 at 3:00 AM and forming an ABCD pattern – the two down targets are around 4454.00 and 4440.00 The odds are for a sidewyas to a down day from the pre-open levels around 4465.00, with…

Morning Notes – Wednesday, August 23, 2023

Directional Bias For The Day: S&P Futures are higher at 8:15 AM but are declining from a high of 4425.25 at 4:00 AM – down more than 20 points The odds are for a sidewyas to a down day from the pre-open levels around 4405.00, with elevated volatility – watch for a break below 4399.75…

Morning Notes – Tuesday, August 22, 2023

Directional Bias For The Day: S&P Futures are higher at 9:00 AM; declined ten points from a high of 4440.00 at 8:00 AM The odds are for an up day with elevated volatility – watch for a break below 4405.50 for a change of sentiments The major economic data report due during the day: Existing…

Morning Notes – Monday, August 21, 2023

Directional Bias For The Day: S&P Futures are higher at 9:00 AM; declined more than ten points from a high of 4407.50 at 8:00 AM The odds are for an up day with elevated volatility – watch for a break below 4378.50 for a change of sentiments No major economic data report is due during…

Morning Notes – Friday, August 18, 2023

Directional Bias For The Day: S&P Futures are lower at 8:45 AM; moving down since 2:45 AM – down more than 30 points to around 4355.00; The odds are for a down day with elevated volatility – watch for a break above 4372.75 for a change of sentiments No major economic data report is due…