Morning Notes – Friday, January 26, 2024

Directional Bias for the Day: S&P Futures are a little higher at 8:45 AM – up more than 25 points since 2:45 AM low of 4899.50 after turning around following the PCE report at 8:30 M. The odds are for an up day – watch for a break below 4911.75 and a break below 4889.00…

Morning Notes – Tuesday, January 23, 2024

Directional Bias for the Day: S&P Futures are higher at 8:45 AM – moving within a trading range between 4898.25 and 4873.50 since 7:45 PM on Sunday. The odds are for a sideways to an up day – watch for a break above 4898.25 or a break below 4873.50 for clarity. The major economic data…

Morning Notes – Monday, January 22, 2024

Directional Bias for the Day: S&P Futures are higher at 8:15 AM – moving within a trading range between 4890.50 and 4877.50 since 7:45 PM on Sunday. The odds are for a sideways to an up day – watch for a break above 4890.50 or a break below 4877.50 for clarity. No major economic data…

Morning Notes – Friday, January 19, 2024

Directional Bias for the Day: S&P Futures are higher at 9:00 AM – moved up more than 20 points since 2:15 AM from a sideway move to all-time highs; retraced ten points from the high at 8:15 AM. The odds are an up day – watch for a break below 4823.75 and a break below…

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 – Wednesday, January 17, 2024

Directional Bias for the Day: S&P Futures are lower at 9:00 AM – moving down since 7:15 AM – down more than 15 points; at a support level around 4767.500. The odds are for a down day – watch for a break above 4785.25 for a change of sentiments. The major economic data reports that…

Morning Notes – Monday, January 8, 2024

Directional Bias for the Day: S&P Futures are higher at 9:00 AM – moving up since 4:30 AM – up more than 25 points from a low of 4715.25. The odds are for an up day – watch for a break below 4729.25 for a change of sentiments. No major economic data report is due…

Morning Notes – Thursday, January 4, 2024

Directional Bias for the Day: S&P Futures are a tad lower at 8:00 AM – moving within a trading range between 4757.00 and 4741.00 since 3:45 PM. The odds are a sideways to a down day – watch for a break above 4757.00 or a break below 4741.00 for clarity. The major economic data reports…

Morning Notes – Wednesday, January 3, 2024

Directional Bias for the Day: S&P Futures are lower at 8:00 AM – moving down since 6:00 PM – down more than 20 points to around 4767.00. The odds are a down day – watch for a break above 4780.00 for a change of sentiments. The major economic data reports due during the day: ISM…