Morning Notes – Friday, August 4, 2023

Directional Bias For The Day: S&P Futures are higher at 8:30 AM. Futures first declined from 4547.00 at 4:00 AM to 4519.25 at 7:45 AM, then bounced up to 4535.75 at 8:30 AM, and then started to decline following the release of the Non-Farm, Payroll report at 8:30 AM. The odds are for an up…

Morning Notes – Thursday, August 3, 2023

Directional Bias For The Day: S&P Futures are lower at 9:0 AM. The bounce up from a low of 4510.25 at 3:45 AM is faltering The odds are for a down day – watch for a break above 4531.75 and 4547.50 for a change of sentiments The major economic data reports due during the day:…

Morning Notes – Wednesday, August 2, 2023

Directional Bias For The Day: S&P Futures are lower at 8:15 AM. Futures have bounced up more than 25 points from the 4:00 AM low of 4552.25 but are still below the down gap created at 6:00 PM The odds are for a down day – watch for a break above 4583.50 and 4593.50 for…

Morning Notes – Tuesday, August 1, 2023

Directional Bias For The Day: S&P Futures are lower at 8:45 AM. Futures have been moving down since 9:45 AM – down more than 25 points; broke below a support level around 4600.00 The odds are for a down day – watch for a break above 4608.50 for a change of sentiments The major economic…

Morning Notes – Friday, July 28, 2023

Directional Bias For The Day: S&P Futures are higher at 9:15 AM. Futures have been moving up since 12:30 AMĀ  – up more than 35 points from 4558.00 The odds are for an up day – watch for a break below 4579.00 for a change of sentiments The major economic data reports due during the…

Morning Notes – Thursday, July 27, 2023

Directional Bias For The Day: S&P Futures are higher at 9:15 AM. Futures have been moving up since 3:00 PM on Wednesday – up more than 50 points. The odds are for an up day – watch for a break below 4619.25 The major economic data reports due during the day: ECB Main Refinancing Rate…

Morning Notes – Wednesday, July 26, 2023

Directional Bias For The Day: S&P Futures are lower at 8:45 AM. Futures have been moving down since 3:30 AM – down more than 14 points. The odds are for a down day – watch for a break above 4601.50 for a change of sentiments. The major economic data reports due during the day: New…

Morning Notes – Tuesday, July 25, 2023

Directional Bias For The Day: S&P Futures are lower at 9:00 AM. Futures have been moving down since 4:30 AM – down more than 14 points. The odds are for a sideways to a down day – watch for a break above 4590.50 or a break below 4579.75 for clarity The major economic data reports…

Morning Notes – Thursday, July 20, 2023

Directional Bias For The Day: S&P Futures are higher at 8:45 AM. Futures have been moving up since 15:30 PM on Thursday, making an up-sloping flag – up more than 28 points. The odds are for an up day – watch for a break below 4572.50 for a change of sentiments No major economic data…

Morning Notes – Wednesday, July 19, 2023

Directional Bias For The Day: S&P Futures are little changed at 8:45 AM. Futures have been moving within a range bounded by 4592.75 and 4582.25 since 4:00 PM on Tuesday The odds are for a sideways to a down day – watch for a break above 4592.75 or a break below 4582.25 for clarity The…