Morning Notes – Thursday, January 18, 2024

Directional Bias for the Day: S&P Futures are higher at 8:00 AM – moving up since 11:45 Am – up more than 30 points. The odds are an up day – watch for a break below 4763.50 for a change of sentiments. The major economic data reports due during the day: Unemployment Claims (187K vs.…

Morning Notes – Tuesday, January 9, 2024

Directional Bias for the Day: S&P Futures are lower at 8:30 AM – drifting down since 4:00 PM making a down-sloping flag, which is usually bullish if broken to the upside. The odds are for a down day with a good chance of reversal from the pre-open levels – watch for a break above 4790.00…

Morning Notes – Thursday, October 12, 2023

Directional Bias For The Day: S&P Futures are little changed at 9:00 AM – moving down since 8:00 AM after the release of the CPI data; down more than 20 points from the high of 4430.50 The odds are for a down day with a good chance of a sideways to down move from the…

Morning Notes – Thursday, July 27, 2023

Directional Bias For The Day: S&P Futures are higher at 9:15 AM. Futures have been moving up since 3:00 PM on Wednesday – up more than 50 points. The odds are for an up day – watch for a break below 4619.25 The major economic data reports due during the day: ECB Main Refinancing Rate…

Morning Notes – Thursday, June 8, 2023

Directional Bias For The Day: S&P Futures are a little lower at 9:00 AM. Futures are within an Ascending Triangle below a resistance level around 4279.00 The odds are for a sideways day to a down day – watch for a break above 4279.00 and a creak below 4262.75 for clarity The major economic data…

Morning Notes – Thursday, December 15, 2022

Directional Bias For The Day: S&P Futures are lower at 9:00 AM; they broke below an upsloping flag on the intraday chart at 8:15 AM The odds are for a down day with elevated volatility – watch for a break above 3995.25 for a change of sentiments The major economic data report is due during…

Morning Notes – Friday, August 12, 2022

Directional Bias For The Day: S&P Futures are higher at 9:00 AM; the futures up more than 15 points since 7:30 AM to a Double Top resistance at 4237.5 The odds are for an up day with volatility and a good chance of moving sideways to down from the pre-open levels around 4235.00 – watch…

Morning Notes – Friday, July 29, 2022

Directional Bias For The Day: S&P Futures are higher at 9:15 AM; drifting sideways to down since 4:45 PM – down more than 25 points from the high of 4111.00; The odds are for an up day with a good chance of sideways to down move from the pre-open levels around 4085.00 – watch for…

Morning Notes – Monday, December 6, 2021

Directional Bias For The Day: S&P Futures are higher at 9:00 AM; moving within a congestion zone around 4550.00 level The odds are for an up day with elevated volatility – watch for a break below 4531.50 for a change of sentiments No key economic data report due during the day: Directional Bias Before Open:…

Morning Notes – Thursday August 19, 2021

Directional Bias For The Day: S&P Futures are lower The odds are for a down with elevated volatility; good chance of sideways to up move from pre-open levels around 4355.00 — watch for a break above 4373.25 Key economic data report due during the day: Unemployment Claims  348K vs. 362K est.; prev. 377K) at 8:30…