Morning Notes – Friday, January 6, 2023

Directional Bias For The Day: S&P Futures are higher at 9:00 AM; futures shot up following the Non-Farm Payroll report at 8:30 AM The odds are for an up day with elevated volatility – watch for a break below 3855.50 for a change of sentiments The major economic data report is due during the day:…

Morning Notes – Thursday, January 5, 2023

Directional Bias For The Day: S&P Futures are lower at 9:00 AM; drifting lower since 7:30 AM; the down pressure increased following the ADP report and Unemployment Claims; broke below an uptrend line on the intraday chart The odds are for a down day with elevated volatility – watch for a break above 3879.75 for…

Morning Notes – Friday, December 16, 2022

Directional Bias For The Day: S&P Futures are lower at 9:00 AM; drifting sideways to up since 3:45 AM around 3885.00 The odds are for a down day with a good chance of a bounce from the pre-open levels around 3885.00; elevated volatility – watch for a break above 3896.50 or a break below 3871.25…

Morning Notes – Wednesday, December 14, 2022

Directional Bias For The Day: S&P Futures are a bit lower at 9:00 AM; they are moving sideways to down since 1:30 PM on Tuesday around the 4050.00 level; awaiting the FOMC decision and the press conference later in the afternoon The odds are for a sideways day until the FOMC event  up – watch…

Morning Notes – Tuesday, December 13, 2022

Directional Bias For The Day: S&P Futures are higher at 8:45 AM; more than 140 points rise within minutes following the release of the CPI report at 8:30 AM The odds are for an up day with elevated volatility – watch for a break above 4180.25 and a break below 4100.25 The major economic data…

Morning Notes – Monday, December 12, 2022

Directional Bias For The Day: S&P Futures are higher at 9:00 AM; gradually drifting higher since 8:0 PM on Sunday; up more than 20poinst The odds are for a sideways to up day from pre-open levels – watch for a break above 3983.50 and a break below 3962.25 for clarity No major economic data report…

Morning Notes – Friday, December 9, 2022

Directional Bias For The Day: S&P Futures are lower at 9:00 AM; a sharp decline of more than 60 points following the release of the PPI report at 8:30 AM The odds are for a down day with elevated volatility – watch for a break above 4001.25 for a change of sentiments The key economic…

Morning Notes – Thursday, December 8, 2022

Directional Bias For The Day: S&P Futures are higher at 8:15 AM; moving up since 8:15 AM; up more than 40 points from around 3915.00 to near 3955.00 The odds are for an up day with elevated volatility – watch for a break below 3937.50  for a change of sentiments The key economic data report…

Morning Notes – Wednesday, December 7, 2022

Directional Bias For The Day: S&P Futures are lower at 8:30 AM; declined more than 30 points since 11:00 PM to around 3925.00 The odds are for a down day with elevated volatility – watch for a break above 3936.00 and 3950.50  for a change of sentiments The key economic data report is due during…

Morning Notes – Monday, December 5, 2022

Directional Bias For The Day: S&P Futures are lower at 9:00 AM; breaking below a descending triangle on a 15-minute chart – the 61.8% extension target is near 4028.00, and the 100% extension target is near 4015.00 The odds are for a down day with elevated volatility – watch for a break above 4064.00 for…