Directional Bias For The Day: Futures are higher Moving higher since 3:00 AM Rising after a horizontal trading range; next resistance at 2428.00 and 2433.50 Odds are for a sideways to an up day watch for break below 2422.00 for a change of fortunes Key economic data due: Core PCE Price Index (est. 0.1%) at 8:30 AM Personal Spending (est. 0.1%) at 8:30 AM Chicago…

Directional Bias For The Day: Futures are little changed S&P 500 futures are up by +7.00 points at 8:00 AM but gave that up by 9:00 AM Odds are for a sideways to down day watch for break above 2445.00 for a change of fortunes Key economic data due: Final GDP (1.4% vs. 1.2% est.) at 8:30 AM Unemployment Claims (244K vs. 241K) at 8:30 AM…

Directional Bias For The Day: Futures are higher S&P 500 futures are up by 13.50 from 4:00 AM low of 2413.75 Near resistance formed by previously broken support at 2428.00 and by a down trend line from the high of 9:30 AM on June 26 A strong support is at 2412.50, the low of 2:00 PM on June 9 Odds are…

Directional Bias For The Day: Futures are lower Futures declining since 10:00 AM on June 26; a break below Monday’s low will be bearish Odds are for down to sideways day; watch for break above 2437.25 for change of fortunes Key economic data due: Conference Board Consumer Confidence (est. 116.1) at 10:00 AM Markets Around The World Markets in the East were mixed – Shanghai,…

Directional Bias For The Day: Futures are higher S&P Futures broke above a horizontal channel / ascending triangle at European session open at 3:00 AM; target is near 2449.00 Odds are for an up day; watch for break below 2439.00 for change of fortunes Key economic data due: Durable Goods Orders (0.1% vs. 0.4% est.) at 8:30 AM Core Durable Goods Orders (-1.1% vs.…

Directional Bias For The Day: Futures are mixed S&P Futures are little changed; bouncing off 2430.00, low reached at 6:15 AM Odds are for a sideways to down day; watch for break above 2436.75 or below 2430.00 for change of fortunes No Key economic data due: Markets Around The World Markets in the East closed mixed – Shanghai, Tokyo, Sydney and Seoul were up; Hong…

Directional Bias For The Day: Futures are lower Bouncing off 2428.00, low reached at 5:30 AM, 1:30 PM and 4:00 AM on June 21 Odds are for a sideways day; watch for break above 2434.50 or below 2428.00 for change of fortunes Key economic data due: Unemployment Claims (est. 241K) at 8:30 AM Markets Around The World Markets in the East closed mixed – Shanghai,…

Directional Bias For The Day: Futures are lower At Tuesday session’s close level Moving up since 3:30 AM Odds are for a sideways to down day; watch for break above 2437.25 for change of fortunes Key economic data due: Existing Home Sales (est. 5.54M) at 10:00 AM Markets Around The World Markets in the East closed mostly down – Shanghai was up European markets are lower Dollar index and USD/JPY are…

Directional Bias For The Day: Futures are lower Moving sideways since 10:30 AM on June 19 Falling back to the upper limit of a horizontal channel that price broke at 10:00 AM on June 19 Odds are for a sideways to down day; watch for break above 2451.00 for change of fortunes No Key economic data due: Markets Around The World Markets in the East closed mostly down –…

Directional Bias For The Day: Futures are higher Moving higher since 10:30 AM on June 16 Nearing upper limit of a horizontal channel in effect since 10:00 AM on June 9 Odds are for an up; watch for break below 2435.25 for change of fortunes No Key economic data due: Markets Around The World Markets in the East closed higher European markets are higher Dollar index and USD/JPY are…