Morning Notes – Friday, June 17, 2022

Directional Bias For The Day: S&P Futures are a bit higher at 9:15 AM; moved down more than 40 points from the high of 3713.50 at 4:30 AM The odds are for a choppy day with a greater chance of going up than down from the pre-market levels around 3675.00 – watch for a break…

Morning Notes – Thursday, June 16, 2022

Directional Bias For The Day: S&P Futures are lower at 8:45 AM; moving upĀ  since 5:15 AM – from 3695.00 to around 3720.00 The odds are for a down day with elevated volatility – watch for a break above 3732.50 The key economic data report due during the day: Unemployment Claims ( 229K vs 215K…

Morning Notes – Wednesday, June 15, 2022

Directional Bias For The Day: S&P Futures are higher at 9:00 AM; moved up more than 35 points since 1:15 AM The odds are for an up day with elevated volatility – watch for a break below 3752.25 for a change of sentiments The key economic data report due during the day: Retail Sales (…

Morning Notes – Tuesday, June 14, 2022

Directional Bias For The Day: S&P Futures are higher at 9:00 AM; down more than 40 points from the 2:15 high of 3807.50 The odds are for an up day with elevated volatility; good chance of a sideways to down move from pre-open levels around 3760.00 – watch for a break above 3788.00 and a…

Morning Notes – Monday, June 13, 2022

Directional Bias For The Day: S&P Futures are lower at 9:00 AM; moving sideways since 4:00 AM between 3810.00 and 3795.00 after declining more than 90 points from Friday’s close; The odds are for a down day with elevated volatility; good chance of a sideways to up move from pre-open levels around 3800.00 – watch…

Morning Notes – Friday, June 10, 2022

Directional Bias For The Day: S&P Futures are lower at 8:30 AM; broke below a sideways move since 3:45 PM on Thursday after the release of the CPI report The odds are for a down day with elevated volatility – watch for a break above 4018.25 for a change of sentiments The key economic data…

Morning Notes – Thursday, June 9, 2022

Directional Bias For The Day: S&P Futures are lower at 8:30 AM; declined more than 35 points since 7:00 AM The odds are for a down day with elevated volatility – watch for a break above 4143.50 and a break below 4102.75 for clarity The key economic data report due during the day: Unemployment Claims…

Morning Notes – Wednesday, June 8, 2022

Directional Bias For The Day: S&P Futures are lower at 8:30 AM; moving sideways to down since 2:30 PM on Tuesday between 4164.00 and 4135.00 The odds are for a down to sideways day within a narrow range – watch for a break above 4153.50 for a change of sentiments The key economic data report…

Morning Notes – Tuesday, June 7, 2022

Directional Bias For The Day: S&P Futures are lower at 8:30 AM; moving down since 11:00 AM on Monday The odds are for a down day with elevated volatility – watch for a break above 4110.75 for a change of sentiments The key economic data report due during the day: Trade Balance ( -87.1B vs.…

Morning Notes – Monday, June 6, 2022

Directional Bias For The Day: S&P Futures are higher at 9:00 AM; moving sideways to up since 3:45 AM The odds are for an up with a good chance of sideways to down move from the pre-open levels around 4150.00; elevated volatility – watch for a break above 4156.50 and a break below 4144.25 for…