Morning Notes – Friday, June 3, 2022

Directional Bias For The Day: S&P Futures are lower at 9:00 AM; moving down since 2:45 AM The odds are for a down with elevated volatility – watch for a break above 4161.50 for a change of sentiments The key economic data report due during the day: Non-Farm Employment Change ( 390K vs. 325K est.;…

Morning Notes – Thursday, June 2, 2022

Directional Bias For The Day: S&P Futures are a bit lower at 9:00 AM; moving sideways to dows since 3:15 AM The odds are for a down to sideways day with elevated volatility – watch for a break below 4092.00 and a break above 4124.50 for clarity The key economic data report due during the…

Morning Notes – Friday, May 27, 2022

Directional Bias For The Day: S&P Futures are higher at 9:00 AM; breaking above a Cup-With-Handle pattern; The odds are for an up day with elevated volatility – watch for a break below 4058.75 for a change of sentiments The key economic data report due during the day: PCE Price Index ( 0.2% vs. 0.3%…

Morning Notes – Thursday, May 26, 2022

Directional Bias For The Day: S&P Futures are higher at 8:45 AM; up more than 30 points since 2:00 AM in the up-down move; The odds are for an up day with elevated volatility – watch for a break below 3968.00 for a change of sentiments The key economic data report due during the day:…

Morning Notes – Tuesday, May 24, 2022

Directional Bias For The Day: S&P Futures are lower at 8:45 AM; drifting up since 4:45 AM after making a Double Bottom at 3910.00 The odds are for a down day with elevated volatility; a good chance of a sideways to up move from the pre-open levels around 3930.00 – watch for a break below…

Morning Notes – Monday, May 23, 2022

Directional Bias For The Day: S&P Futures are higher at 9:00 AM; drifting sideways since 10:30 PM; The odds are for an up day with elevated volatility; a good chance of a sideways to down move from the pre-open levels around 3935.00 – watch for a break below 3919.00 and a break above 3948.00 for…

Morning Notes – Friday, May 20, 2022

Directional Bias For The Day: S&P Futures are higher at 9:00 AM; trending up since 5:30 AM on Thursday; The odds are for an up day with elevated volatility – watch for a break below 3915.25 for a change of sentiments No key economic data report is due during the day Directional Bias Before Open:…

Morning Notes – Thursday, May 19, 2022

Directional Bias For The Day: S&P Futures are lower at 9:00 AM; bouncing up since 5:30 AM from a low of 3856.00 The odds are for a down day with elevated volatility – watch for a break above 3898.25 for a change of sentiments The key economic data report is due during the day Philly…

Morning Notes – Wednesday, May 18, 2022

Directional Bias For The Day: S&P Futures are lower at 9:00 AM; steadily declined more than 55 points since 6:15 Pm on Tuesday; fresh leg down following economic reports at 8:30 AM The odds are for a down day with elevated volatility – watch for a break above 4061.50 for a change of sentiments The…

Morning Notes – Tuesday, May 17, 2022

Directional Bias For The Day: S&P Futures are higher at 9:00 AM; retreated from the European session high of 4083.50 The odds are for an up day with elevated volatility – watch for a break below 4043.50 for a change of sentiments The key economic data report is due during the day Retail Sales (…