Morning Notes – Tuesday, December 14, 2021

Directional Bias For The Day: S&P Futures are lower at 9:00 AM; fresh leg down since 7:15 AM from 4655.75; sharper decline since PPI report at 8:30 AM The odds are for a down day – watch for a break above 4655.75 for a change of sentiments Key economic data report due during the day:…

Morning Notes – Monday, December 13, 2021

Directional Bias For The Day: S&P Futures are higher at 9:00 AM; drifted down from 4722.25 at 6:00 AM to near 4708.00; sharp rise following CPI report at 8:30 AM The odds are for a down day – watch for a break above 4713.25 for a change of sentiments No key economic data report due…

Morning Notes – Friday, December 10, 2021

Directional Bias For The Day: S&P Futures are higher at 8:45 AM; sharp rise following CPI report at 8:30 AM The odds are for an up day with elevated volatility and a good chance of a sideways to down move from pre-open levels around 4700.00 – watch for a break below 4679.75 for a change…

Morning Notes – Thursday, December 9, 2021

Directional Bias For The Day: S&P Futures are lower at 9:15 AM; trading within 4689.00 and 4677.50 since 4:00 AM The odds are for a down day with a good chance of a sideways move around pre-open levels near 4685.00 – watch for a break above 4689.00 and break below 4677.50 for clarity Key economic…

Morning Notes – Wednesday, December 8, 2021

Directional Bias For The Day: S&P Futures are higher at 8:15 AM; retreating from the day’s high of 4712.00 at 6:45 AM The odds are for an up day with a good chance of sideways to down move from pre-open levels around 4695.00 – watch for a break below 4681.25 for a change of sentiments…

Morning Notes – Tuesday, December 7, 2021

Directional Bias For The Day: S&P Futures are higher at 8:15 AM; moving higher since 7:15 PM after moving sideways for a few hours The odds are for an up day with a good chance of sideways move from pre-open levels around 4650.00 – watch for a break below 4619.75 for a change of sentiments…

Morning Notes – Monday, December 6, 2021

Directional Bias For The Day: S&P Futures are higher at 9:00 AM; moving within a congestion zone around 4550.00 level The odds are for an up day with elevated volatility – watch for a break below 4531.50 for a change of sentiments No key economic data report due during the day: Directional Bias Before Open:…

Morning Notes – Friday, December 3, 2021

Directional Bias For The Day: S&P Futures are higher at 8:15 AM; breaking above a trading range between 4583.00 and 4557.00 ahead of the payroll report release at 8:30 AM The odds are for an up day with elevated volatility – watch for a break below 4557.50 for a change of sentiments Key economic data…

Morning Notes – Thursday, December 2, 2021

Directional Bias For The Day: S&P Futures are higher at 8:15 AM; futures have declined from 4552.00 a 2:00 PM to around 4530.00 The odds are for an up day with elevated volatility – watch for a break below 4508.00 for a change of sentiments Key economic data report due during the day: Challenger Job…

Morning Notes – Wednesday, December 1, 2021

Directional Bias For The Day: S&P Futures are higher at 8:30 AM; The odds are for an up day with elevated volatility – watch for a break below 4596.00 for a change of sentiments Key economic data report due during the day: Final Manufacturing PMI ( 9.1 est.; prev. 59.1) at 9:45 AM ISM Manufacturing…