Morning Notes – Tuesday, April 12, 2022

Directional Bias For The Day: S&P Futures are a higher at 8:45 AM; up more than 60 points from the 3:30 AM low of 4382.25 The odds are for an up day with elevated volatility – watch for a break below 4416.25 for a change of sentiments Key economic data report due during the day:…

Morning Notes – Monday, April 11, 2022

Directional Bias For The Day: S&P Futures are a lower at 8:45 AM; down 30-points since 3:30 AM The odds are for a down day with elevated volatility – watch for a break above 4473.50 for a change of sentiments No key economic data report due during the day Directional Bias Before Open: Weekly: Uptrend…

Morning Notes – Friday, April 8, 2022

Directional Bias For The Day: S&P Futures are a lower at 8:45 AM; moving down since 4:15 AM after making a Double Top at 4519.75 – a break below 4491,75 will complete the pattern The odds are for a down day with elevated volatility – watch for a break above 4515.00 and a break below…

Morning Notes – Thursday, April 7, 2022

Directional Bias For The Day: S&P Futures are a bit lower at 8:15 AM; moving down since 7:00 AM from a high of 4496.75; The odds are for a  sideways to a down day with elevated volatility – watch for a break above 4496.75 and a break below 4454.25 for more clarity Key economic data…

Morning Notes – Wednesday, April 6, 2022

Directional Bias For The Day: S&P Futures are lower at 8:15 AM; moving down since 10:00 AM on Tuesday from a high of 4588.75; The odds are for a down day with elevated volatility – watch for a break above 4506.25 for a change of sentiments Key economic data report due during the day: FOMC…

Morning Notes – Tuesday, April 5, 2022

Directional Bias For The Day: S&P Futures are lower at 8:15 AM; moving down since 3:30 Am from a high of 4587.25; The odds are for a down day – watch for a break above 4587.25 for a change of sentiments Key economic data report due during the day: Final Services PMI ( 58.9 est.;…

Morning Notes – Friday, April 1, 2022

Directional Bias For The Day: S&P Futures are higher at 8:30 AM; forming an up-sloping flag, which is bearish in nature, since 4:00 PM on Thursday The odds are for a sideways to down day from pre-open levels around 4545.00 – watch for a break above 4555.50 for a change of sentiments Key economic data…

Morning Notes – Thursday, March 31, 2022

Directional Bias For The Day: S&P Futures are a bit higher at 8:0 AM; drifting lower since 8:30 PM The odds are for a down day – watch for a break above 4612.00 for a change of sentiments Key economic data report due during the day: Core PCE Price Index (0.4% est.; prev. 0.5%) at…

Morning Notes – Wednesday, March 30, 2022

Directional Bias For The Day: S&P Futures are lower at 8:15 AM; moving lower since 2:00 AM The odds are for a down day – watch for a break above  4627.50 for a change of sentiments Key economic data report due during the day: ADP Non-Farm Employment Change ( 455K est.; prev. 475K) at 8:15…

Morning Notes – Tuesday, March 29, 2022

Directional Bias For The Day: S&P Futures are higher at 8:30 AM; moving up since 1:00 AM The odds are for an up day with a good chance of sideways to down move from the pre-open levels around 4610.00 – watch for a break below 4580.50 for a change of sentiments Key economic data report…