Morning Notes – Thursday, April 27, 2023

Directional Bias For The Day: S&P Futures are higher at 9:00 AM – moving up since 3:30 PM on Wednesday; increased volatility after the release of GDP data at 8:30 AM The odds are for an up day with a good chance of a sideways to a down move from the pre-open levels around 4100.00…

Morning Notes – Wednesday, April 26, 2023

Directional Bias For The Day: S&P Futures are higher at 8:30 AM – bouncing off from a Double Bottom at around 4090.00 The odds are for a sideways to a down day – watch for a break above 4116.25 and a break below 4189.50 for clarity. The major economic data reports due during the day:…

Morning Notes – Tuesday, April 25, 2023

Directional Bias For The Day: S&P Futures are lower at 9:00 AM – trending down since 4:00 Pm on Monday, forming an upsloping flag since 4:15 AM The odds are for a sideways to a down day – watch for a break above 4148.50 and a break below 4130.00 for clarity. The major economic data…

Morning Notes – Monday, April 24, 2023

Directional Bias For The Day: S&P Futures are a bit lower at 9:00 AM, moving up since 2:00 AM – up by more than 20 points The odds are for a sideways to an up day¬† with elevated volatility – watch for a break above 4161.00 and a break below 4138.50 for clarity No major…

Morning Notes – Friday, April 21, 2023

Directional Bias For The Day: S&P Futures are little changed at 9:00 AM, moving up since 7:00 Am – up by more than 15 points The odds are for a sideways to an up day with elevated volatility – watch for a break above 4158.25 and a break below 4140.00 for clarity The major economic…

Morning Notes – Thursday, April 20, 2023

Directional Bias For The Day: S&P Futures are lower at 8:30 AM; trending down since 2:00 PM on Wednesday – moving sideways to down since 3:30 AM The odds are for a down day – watch for a break above 4153.75 and 4170.00 for a change of sentiments The major economic data report due during…

Morning Notes – Wednesday, April 19, 2023

Directional Bias For The Day: S&P Futures are lower at 8:30 AM; broke below an upsloping flag overnight – the 100% extension target around 4159.00 is achieved, and the 161.8% extension target is around 4144.00 The odds are for a down day – watch for a break above 4169.00 for a change of sentiments The…

Morning Notes – Tuesday, April 18, 2023

Directional Bias For The Day: S&P Futures are higher at 9:00 AM; moving up since 12:45 AM – up more than 26 points The odds are for an up day – watch for a break above 4177.25 for a change of sentiments The major economic data report due during the day: Building Permits ( 1.41M…

Morning Notes – Monday, April 17, 2023

Directional Bias For The Day: S&P Futures are lower at 9:00 AM – moving sideways to down since 6:00 PM on Sunday The odds are for a down day with elevated volatility – watch for a break above 4176.00 for a change of sentiments The major economic data report is due during the day: Empire…

Morning Notes – Friday, April 14, 2023

Directional Bias For The Day: S&P Futures are lower at 9:00 AM – moving sideways to down since 2:00 PM on Thursday The odds are for a sideways to down day with elevated volatility – watch for a break above 4177.50 and a break below 4161.75 for clarity The major economic data report is due…