Directional Bias for the Day: S&P Futures are up at 9:00 AM. Moving up since 11:30 PM on Monday. Up more than 30 points. Odds are for an up day. Watch for a break below 5690.75 for a change in sentiments. The economic data due during the day: Retail Sales (0.1% vs. -0.2% est.; prev.…
Directional Bias for the Day: S&P Futures are a bit down at 9:00 AM. Moving sideways since Friday afternoon within a narrow range. Odds are for a sideways to down day. Watch for a break above 5699.00 for a change in sentiments. The economic data due during the day: Empire State Manufacturing Index (11.5 vs.…
Directional Bias for the Day: S&P Futures are higher at 9:00 AM. Moving sideways since 4:00 PM on Wednesday within a narrow range. Odds are for a sideways day. Watch for a break above 5577.50 or a break below 5634.00 for clarity. The economic data due during the day: PPI m/m (0.2% vs. 0.1% est.;…
Directional Bias for the Day: S&P Futures are lower at 9:00 AM. Moving up since the CPI report release at 8:30 AM. Up more than 30 points. Odds are for an up day with elevated volatility. Watch for a break below 5469.25 for a change of sentiments. The economic data due during the day: CPI…
Directional Bias for the Day: S&P Futures are higher at 8:30 AM. Moving up from 5462.50 since 5:15 AM after moving sideways during the Asian session. Up more than 30 points. Odds are for an up day with elevated volatility. Watch for a break below 5462.50 for a change of sentiments. The economic data due…
Directional Bias for the Day: S&P Futures are higher at 9:00 AM. Moving up since 4:30 PM on Friday. Up more than 60 points after declining almost 240 points last week. Odds are for an up day with elevated volatility. Watch for a break below 5438.50 for a change of sentiments. The economic data due…
Directional Bias for the Day: S&P Futures are lower at 8:15 AM. Makine a rounding saucer pattern around 5480.00 level since 3:15 AM. Awaiting the Non-Farm Payroll report due at 8:30 AM. The odds are for a volatile day. Watch for a break above 5511.00 or a break below 5466.50. The economic data due during the…
Directional Bias for the Day: S&P Futures are lower at 8:45 AM. Near the lower bound of a trading range lasting since mid-day yesterday. The odds are for a sideways to a down day. Watch for a break above 5540.00 for a change in sentiments. The economic data due during the day: ADP Non-Farm Employment…
Directional Bias for the Day: S&P Futures are lower at 9:00 AM. Making a rounding bottom since 4:00 PM on Tuesday between 5547.00 and 5506.00. The odds are for a down day with a good chance of a sideways to up move from the pre-open levels around 5520.00. Watch for a break above 5547.25 for a…
Directional Bias for the Day: S&P Futures are lower at 9:00 AM. Breaking below a flat pennant after declining more than 30 points during the Asian session – if the break occurs, then the 61.8% extension target would be around 5615.00, the 100% extension target around 5602.00, and the 161.8% extension target around 5580.00. The…
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