Morning Notes – Friday, July 29, 2022

Directional Bias For The Day: S&P Futures are higher at 9:15 AM; drifting sideways to down since 4:45 PM – down more than 25 points from the high of 4111.00; The odds are for an up day with a good chance of sideways to down move from the pre-open levels around 4085.00 – watch for…

Morning Notes – Thursday, July 28, 2022

Directional Bias For The Day: S&P Futures are little changed at 9:15 AM; moving sideways s4:00 PM on Wednesday within a narrow band between 4030.00 and 4003.50 Day after Fed funds rate increase has been bearish for the past many months The odds are for sideways to a down with elevated volatility – watch for…

Morning Notes – Wednesday, July 27, 2022

Directional Bias For The Day: S&P Futures are higher at 8:15 AM; moving sideways to up since 6:00 PM on Tuesday – awaiting the FOMC press conference The odds are for an up day with a good chance of sideways to down move from pre-open levels around 3955.00 – watch for a break above 3944.00…

Morning Notes – Tuesday, July 26, 2022

Directional Bias For The Day: S&P Futures are lower at 9:00 AM; moving sideways to down within a narrow range; near the lows of a channel between 3964.50 and 3946.00; The odds are for a down day with elevated volatility – watch for a break above 3964.50 for a change of sentiments The key economic…

Morning Notes – Monday, July 25, 2022

Directional Bias For The Day: S&P Futures are a bit higher at 9:00 AM; falling since 7:15 AM – down more than 15 points The odds are for an up day with elevated volatility with a good chance of a sideways to down move from pre-open levels around 3970.00 – watch for a break above…

Morning Notes – Friday, July 22, 2022

Directional Bias For The Day: S&P Futures are a bit lower at 9:00 AM; rising since 3:30 AM – up more than 15 points The odds are for an up to sideways day – watch for a break above 3988.75 for a change of sentiments The key economic data report due during the day: Flash…

Morning Notes – Thursday, July 21, 2022

Directional Bias For The Day: S&P Futures are lower at 8:30 AM; moving within a symmetrical triangle on intraday charts since 10:15 AM on Wednesday The odds are for a sideways to down elevated volatility – watch for a break above 3974.75 or a break below 3945.50 for clarity The key economic data report due…

Morning Notes – Wednesday, July 20, 2022

Directional Bias For The Day: S&P Futures are lower at 8:00 AM; drifted down more than 30 points from 10:30 PM high of 3964.25 The odds are for a down to sideways day with elevated volatility – watch for a break above 3947.75 for a change of sentiments The key economic data report due during…

Morning Notes – Tuesday, July 19, 2022

Directional Bias For The Day: S&P Futures are higher at 8:30 AM; drifted down 12 points since the 6:30 AM high of 3871.75 The odds are for an up day with elevated volatility – watch for a break below 3835.00 for a change of sentiments The key economic data report due during the day: Building…

Morning Notes – Monday, July 18, 2022

Directional Bias For The Day: S&P Futures are higher at 9:00 AM; moving sideways to down since 4:45 AM The odds are for an up day with elevated volatility with a good chance of a sideways to down move from pre-open levels around 3900.00 – watch for a break above 3909.50 and break below 3878.00…