Morning Notes – Friday, May 26, 2023

Directional Bias For The Day: S&P Futures are higher at 9:00 AM. Futures have been drifting higher up since 3:45 AM – up more than 17 points. The odds are for an up day with a good chance of a sideways to down move from the pre-open levels around 4165.00 The major economic data reports…

Morning Notes – Thursday, May 25, 2023

Directional Bias For The Day: S&P Futures are higher at 9:00 AM. Futures have been moving up since 3:45 AM – up more than 25 points. The odds are for an up day with elevated volatility – watch for a break below 4145.50 for a change of sentiments. The major economic data reports due during…

Morning Notes – Wednesday, May 24, 2023

Directional Bias For The Day: S&P Futures are lower at 9:00 AM. Futures have been moving down since 5:00 AM – down more than 30 points. The odds are for a down day with elevated volatility and with a good chance of a bounce from the pre-open level around 4140.00 – watch for a break…

Morning Notes – Tuesday, May 23, 2023

Directional Bias For The Day: S&P Futures are lower at 9:00 AM. Futures have been moving down since 10:00 PM – down more than 35 points. The odds are for a down day with elevated volatility- watch for a break above 4205.25 for a change of sentiments. The major economic data reports due during the…

Morning Notes – Monday, May 22, 2023

Directional Bias For The Day: S&P Futures are a little higher at 9:00 AM. Futures have been moving sideways since 6:00 PM on Sunday, forming a slight upward-sloping flag. Awaiting debt ceiling negotiation resolution The odds are for a sideways to a down day – watch for a break above 4210.50  or a break below…

Morning Notes – Friday, May 19, 2023

Directional Bias For The Day: S&P Futures are higher at 8:45 AM. Futures have been advancing since 6:15 AM at the upper bound of a Horizontal Channel. The odds are for a sideways to an up day – watch for a break above 4225.50  or a break below 4212.00 for clarity No major economic data…

Morning Notes – Thursday, May 18, 2023

Directional Bias For The Day: S&P Futures are lower at 9:00 AM. Futures have been declining since 7:00 AM – down more than 20 points. The odds are for a down day – watch for a break above 4174.25 for a change in sentiments The major economic data reports due during the day: Unemployment Claims…

Morning Notes – Wednesday, May 17, 2023

Directional Bias For The Day: S&P Futures are higher at 9:00 AM. Futures have been advancing since 3:30 AM – up more than 20 points. The odds are for an up day – watch for a break below 4131.00 for a change in sentiments The major economic data reports due during the day: Building Permits…

Morning Notes – Tuesday, May 16, 2023

Directional Bias For The Day: S&P Futures are lower at 9:00 AM. Futures have been declining since 3:45 AM – down nearly 15 points. The odds are for a down day with elevated volatility – watch for a break above 4149.50 for a change in sentiments The major economic data reports due during the day:…

Morning Notes – Monday, May 15, 2023

Directional Bias For The Day: S&P Futures are higher at 9:00 AM. Futures have been declining since 7:30 AM – down more than ten points. The odds are for a sideways to a down day from the pre-open level around 4146.00 with elevated volatility – watch for a break above 4155.25 for a change in…