Morning Notes – Thursday, March 14, 2024

Directional Bias for the Day: S&P Futures are higher at 9:00 AM. The futures have moved down by more than ten points since 7:00 AM following the release of PPI data. The odds are for a sideways to a down day from pre-open levels around 5240.00 – watch for a break above 5253.50 and a…

Morning Notes – Wednesday, March 13, 2024

Directional Bias for the Day: S&P Futures are lower at 9:00 AM. The futures are moving between 5246.75 and 5235.00 since 3:00 PM on Tuesday. The odds are for a sideways to a down day with elevated volatility – watch for a break above 5246.75 and a break below 5235.00 for clarity. No major economic…

Morning Notes – Tuesday, March 12, 2024

Directional Bias for the Day: S&P Futures are higher at 8:30 AM. The futures first dropped 20 points following the CPI data release at 8:30 AM only to bounce up by more than 40 points within minutes. The odds are for an up day with increased volatility – watch for a break below 5200.00 for…

Morning Notes – Friday, March 8, 2024

Directional Bias for the Day: S&P Futures moved higher at 8:30 AM following the release of the NFP report. The odds are for an up day with increased volatility – watch for a break above 5237.25 and a break below 5206.75 – for more clarity. The major economic data report due during the day: Non-Farm…

Morning Notes – Thursday, March 7, 2024

Directional Bias for the Day: S&P Futures are higher at 8:45 AM – moving up since 3:00 AM – up more than 45 points. The odds are for an up day – watch for a break below 5109.00 for a change of sentiments. The major economic data report due during the day: ECB Monetary Policy…

Morning Notes – Wednesday, March 6, 2024

Directional Bias for the Day: S&P Futures are higher at 8:45 AM – moving up since 2:30 AM – up more than 25 points. The odds are for an up day – watch for a break below 5100.00 for a change of sentiments. The major economic data report due during the day: ADP Non-Farm Employment…

Morning Notes – Friday, February 9, 2024

Directional Bias for the Day: S&P Futures are higher at 8:15 AM – moving sideways to up since 10:30 AM on Wednesday. The odds are for a sideways to an up day – watch for a break above 5027.25 or a break below 5002.50 for clarity. No major economic data report is due during the…

Morning Notes – Thursday, February 8, 2024

Directional Bias for the Day: S&P Futures are lower at 8:45 AM – moving between a 20-point range since 10:30 AM on Wednesday. The odds are for a sideways to an up day – watch for a break above 5020.00 or a break below 5002.50 for clarity. The major economic data report due during the…

Morning Notes – Wednesday, February 7, 2024

Directional Bias for the Day: S&P Futures are higher at 8:45 AM – up more than 20 points since 7:00 AM The odds are for an up day – watch for a break below 4970.00 for a change of sentiments. The major economic data report due during the day: Trade Balance ( -62.2B vs. -62.0B…

Morning Notes – Tuesday, February 6, 2024

Directional Bias for the Day: S&P Futures are little changed at 8:15 AM – moving between 4971.50 and 4954.50 since 4:00 PM on Monday. The odds are for a sideways day – watch for a break above 4971.50 or a break below 4954.50 for clarity. No major economic data report is due during the day:…