Directional Bias For The Day: S&P Futures are higher Drifting higher since 8:30 PM on October 30; at a down trend line from the high of 2580.75 on October 27 Odds are for an up to sideways day – watch for break above 2575.00 and below 2471.00 for change of fortunes Key economic data due: Employment Cost Index (0.7% vs. 0.7% est.) at 8:30 AM…

Directional Bias For The Day: S&P Futures are lower Moving mostly sideways-to-lower since the high of 2580.75 at 2:00 PM on October 27 Odds are for a down to sideways day – watch for break above 2575.00 and below 2471.00 for change of fortunes Key economic data due: Core PCE (0.1% vs. 0.1% est.) at 8:30 AM Personal Spending (1.0% vs. 0.8% est.) at 8:30 AM Markets…

Directional Bias For The Day: S&P Futures are higher Moving mostly higher since 12:30 on October 25 with recent leg starting at 3:00 AM Near a resistance zone – high of 2570.25 at 2:30 PM on October 24 Odds are for an up to sideways day – watch for break above 2569.25 and below 2464.00 for change of fortunes Key economic data due: Advance…

Directional Bias For The Day: S&P Futures are higher Moving mostly higher since 12:30 on October 25 Near a resistance zone – prior support that was broken,  and down trend nd 61.8% Fibonacci retracement level of the decline Odds are for an up to sideways day – watch for break above 2563.00 and below 2456.25 for change of fortunes Key economic data due: Unemployment Claims…

Directional Bias For The Day: S&P Futures are lower Moving sideways 6:00 PM on October 24 with a slight up bias since 1:00AM Odds are for a sideways day – watch for break above 2570.25 and below 2460.50 for change of fortunes Key economic data due: Durable Goods (2.2% vs. 1.0% est.) and Core Durable Goods (0.7% vs. 0.5% est.) at 8:30…

Directional Bias For The Day: S&P Futures are higher Drifting up since 4:30 PM on October 23; new leg since 4:30 AM Odds are for an up to sideways day – watch for break below 2462.50 for change of fortunes No key economic data due Markets Around The World Markets in the East closed mostly higher –  Hong Kong was down European markets are mostly higher…

Directional Bias For The Day: S&P Futures are higher Drifting sideways since 8:00 PM on October 22 after rising at the week’s open Odds are for an up to sideways day – watch for break below 2472.00 for change of fortunes No key economic data due Markets Around The World Markets in the East closed mostly higher –  Hong Kong and Sydney closed…

Directional Bias For The Day: S&P Futures are higher Drifting down after rising sharply to 2571.75 during early Asian session; bouncing from Fibonacci 61.8% retracement level near 2464.00 Odds are for an up day – watch for break below 2463.75 for change of fortunes Early session trading could be choppy Key economic data due: Existing Home Sales (est. 5.30M) at 10:00 AM…

Directional Bias For The Day: S&P Futures are lower Moving lower since 2:00 PM on October 18; new leg down 2:00 AM; bounced to 38.6% Fibonacci retracement level Odds are for a down day – watch for break above 2552.50 for change of fortunes Key economic data due: Unemployment Claims (227K vs. 240K est.) at 8:30 AM Philly Fed Manufacturing Index (27.9 vs. 21.9 est.)…

Directional Bias For The Day: S&P Futures are higher Moving higher since 5:30 AM; broke above a resistance at 2558.25 – double top Broke above a symmetrical triangle – first target near 2563.00 and second target is near 2568.00 Odds are for an up day – watch for break below 2558.50 for change of fortunes Key economic data due: Building Permits (1.22M vs. 1.25M est.) at…