Morning Notes – Tuesday, March 8, 2022

Directional Bias For The Day: S&P Futures are lower at 8:15 AM; declined more than 40 points from 7:15 AM high of 4233.50 The odds are for a down day with elevated volatility; watch for a break above 4233.50 for a change of sentiments Key economic data report due during the day: Trade Balance (-87.5B…

Morning Notes – Monday, March 7, 2022

Directional Bias For The Day: S&P Futures are lower at 9:00 AM; moved above 4300.00 from a low of 4238.00 at 3:30 AM; The odds are for a down day with elevated volatility; watch for a break above 4329.75 for a change of sentiments No key economic data report due during the day: Directional Bias…

Morning Notes – Friday, March 4, 2022

Directional Bias For The Day: S&P Futures are lower at 9:00 AM; moving down from 4361.25  since 3:15 AM after bouncing from 4283.50 at 7:45 PM The odds are for a down day with elevated volatility; watch for a break above 4346.56 for a change of sentiments Key economic data report due during the day:…

Morning Notes – Thursday, March 3, 2022

Directional Bias For The Day: S&P Futures are higher at 8:30 AM; breaking above a horizontal channel – 61.8% extension target is near 4408.00 and the 100% extension target is near 4416.00 The odds are for an up day with elevated volatility; watch for a break below 4367.50 for a change of sentiments Key economic…

Morning Notes – Wednesday, March 2, 2022

Directional Bias For The Day: S&P Futures are higher at 8:30 AM; moving down since 5:15 AM The odds are for a sideways to an up day with elevated volatility; watch for a break above 4343.00 and break below 4278.25 for clarity Key economic data report due during the day: ADP Non-Farm Employment Change  (…

Morning Notes – Tuesday, March 1, 2022

Directional Bias For The Day: S&P Futures are lower at 9:00 AM; moving up since 6:45 AM The odds are for a sideways to an up day with elevated volatility; watch for a break above 4396.75 and break below 4322.75 for clarity Key economic data report due during the day: Final Manufacturing PMI  ( 57.5…

Morning Notes – Monday, February 28, 2022

Directional Bias For The Day: S&P Futures are lower at 9:00 AM; moved up more than 70 points from the 9:45 PM low of 4258.50 The odds are for a down day with elevated volatility; watch for a break above 4342.25 and 4353.25 for a change of sentiments Key economic data report due during the…

Morning Notes – Friday, February 25, 2022

Directional Bias For The Day: S&P Futures are higher at 8:30 AM; moved up more than 80 points from the 3:30 AM low of 4227.50 The odds are for an up day with elevated volatility; watch for a break below 4284.50 for a change of sentiments Key economic data report due during the day: Core…

Morning Notes – Thursday, February 24, 2022

Directional Bias For The Day: S&P Futures are lower at 8:30 AM; moving sideways  to down since 10:00 PM The odds are for a down day with elevated volatility; watch for a break above 4164.00 for a change of sentiments Key economic data report due during the day: Prelim GDP ( 7.0% vs. 7.0% est.;…

Morning Notes – Wednesday, February 23, 2022

Directional Bias For The Day: S&P Futures are higher 8:45 AM; moving sideways to up since 4:00 PM; The odds are for an up day with elevated volatility; watch for a break below 4315.75 for a change of sentiments No key economic data report due during the day: Directional Bias Before Open: Weekly: In Correction…