Directional Bias For The Day: S&P Futures are sharply lower; resuming the downtrend since 7:30 AM; near the lows of October 2019 The odds are for a down day with elevated volatility; watch for break above 2960.00 for change of fortune Key economic data due: Core PCE Price Index ( 0.1% vs. 0.2% est.; prev.…

Directional Bias For The Day: S&P Futures are lower; resuming the downtrend since 4:30 AM The odds are for a down day with elevated volatility; watch for break above 3104.00 for change of fortune Key economic data due: Core Durable Goods Orders ( 0.9% vs. 0.2% est.; prev. 0.1%) at 8:30 AM Durable Goods Orders…

Directional Bias For The Day: S&P Futures are higher; bouncing off oversold levels The odds are for an up to sideways day with elevated volatility; watch for break below 3220.25 for change of fortune Key economic data due: HPI ( 0.6% vs. 0.4% est.; prev. 0.2% ) at 9:00 AM S&P/CS Composite-20 HPI ( 2.85%…

Directional Bias For The Day: S&P Futures are sharply lower; The odds are for a down day with elevated volatility; good chance of a bounce at the open from pre-open lows News from China/South Korea is affecting the sentiments No key economic data due: Directional Bias Before Open: Weekly: Uptrend Daily: Uptrend Under Pressure 120-Min:…

Directional Bias For The Day: S&P Futures are higher; The odds are for a sideways to an up day; watch for break below 3392.50 and break below 3372.25 for clarity Key economic data due: Building Permits (1.55M vs. 1.45M est.; prev. 1.42M) at 8:30 AM Core PPI (0.5% vs. 0.2% est.; prev. 0.1%) at 8:30…

Directional Bias For The Day: S&P Futures are higher; The odds are for an up day; watch for break below 3355.25 for change of fortune Key economic data due: Fed Chair Powell’s Humphrey-Hawkins Testimony JOLTS Job Openings ( est. 6.93M; prev 6.80 M) at 10;00 AM Directional Bias Before Open: Weekly: Uptrend Daily: Uptrend Under…

Directional Bias For The Day: S&P Futures are higher; The odds are for an up day with elevated volatility Key economic data due: Factory Orders ( 0.7% est.; prev. -0.7% ) at 10;00 AM Directional Bias Before Open: Weekly: Uptrend Daily: Uptrend Under Pressure 120-Min: Side 30-Min: Up 15-Min: Up 6-Min: Up-Side Key Levels: Critical…

Directional Bias For The Day: S&P Futures are higher; The odds are for an up day with elevated volatility Key economic data due: Final Manufacturing PMI (51.9 vs. 51.7 est.; prev. 51.7) at 9:45 AM ISM Manufacturing PMI ( 50.9 vs. 48.5 est.; prev. 472. ) at 10:00 AM Construction Spending ( -0.2% vs. 0.35%…