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:…

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 – Thursday, January 25, 2024

Directional Bias for the Day: S&P Futures are little change at 8:30 AM – moving within a trading range between 4904.75 and 4889.00 since 4:00 PM. The odds are for a sideways to a down day – watch for a break above 4904.75 or a break below 4889.00 for clarity. The major economic data report…

Morning Notes – Wednesday, January 24, 2024

Directional Bias for the Day: S&P Futures are higher at 8:30 AM – trending up since 11:30 AM on Tuesday. Up more than 20 points since 9:15 PM after a sideways move. The odds are for an up day – watch for a break below 4912.00 and a break below 4902.00. The major economic data…

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…