Morning Notes – Thursday, September 28, 2023

Directional Bias For The Day: S&P Futures are lower at 8:45 AM, moving sideways since 3:00 PM on Wednesday between 4330.25 and 4302.25 The odds are for a sidewyas to a down day – watch for a break above 4330.25 or a break below 4302.25 for clarity The major economic data reports due during the…

Morning Notes – Tuesday, September 26, 2023

Directional Bias For The Day: S&P Futures are lower at 8:45 AM, moving sideways within a trading range between  4366.50 and 4344.00 The odds are for a sidewyas to a down day – watch for a break above 4383.50 or a break below 4338.25 for clarity The major economic data reports due during the day:…

Morning Notes – Thursday, September 21, 2023

Directional Bias For The Day: S&P Futures are lower at 8:45 AM; resumed the downtrend after a sideway move over the Asian session – down more than 35 points since 3:00 AM The odds are for a down day with elevated volatility – watch for a break above 4439.25 for a change of sentiments The…

Morning Notes – Tuesday, September 19, 2023

Directional Bias For The Day: S&P Futures are little changed at 8:30 AM, moving within a trading range between 4514.50 and 4487.00 since 1:15 PM on September 15, awaiting the FOMC’s rate decision tomorrow The odds are for a sidewyas day – watch for a break above 4514.50 or a break below 4487.00 for clarity…

Morning Notes – Monday, September 18, 2023

Directional Bias For The Day: S&P Futures are lower at 8:45 AM; bouncing a bit after broking below a sidewyas move at 7:15 AM The odds are for a down day – watch for a break above 4507.50 for a change of sentiments No major economic data report is due during the day: Directional Bias…

Morning Notes – Thursday, September 14, 2023

Directional Bias For The Day: S&P Futures are higher at 8:45 AM; trading between 4539.25 and 4527.75 since 5:00 AM The odds are for an up day – watch for a break below 4524.50 for a change of sentiments The major economic data reports due during the day: ECB Main Refinancing Rate ( 4.5% vs.…

Morning Notes – Thursday, September 7, 2023

Directional Bias For The Day: S&P Futures are lower at 9:00 AM; moving down since 3:45 PM on Wednesday – down more than 35 points The odds are for a down day – watch for a break above 4464.25 for a change of sentiments The major economic data report due during the day: Unemployment Claims…

Morning Notes – Wednesday, September 6, 2023

Directional Bias For The Day: S&P Futures are lower at 8:45 AM; moving sideways since 3:00 AM between 4496.00 and 4486.25 The odds are for a down day – watch for a break above 4501.00 for a change of sentiments The major economic data report due during the day: Trade Balance ( -65.0B vs. -67.9B…