Morning Notes – Friday, October 15, 2021

Directional Bias For The Day: S&P Futures are higher at 8:15 AM; The odds are for an up day – watch for a break below 4426.25 for a change of sentiments Key economic data report due during the day: Retail Sales ( 0.7% vs. -0.2% est.; prev. 0.9%) at 8:30 AM Core Retail Sales (0.8%…

Morning Notes – Thursday, October 14, 2021

Directional Bias For The Day: S&P Futures are higher at 8:00 AM; The odds are for an up day with elevated volatility – watch for a break below 4373.00 Key economic data report due during the day: PPI ( 0.6% est.; prev. 0.7%) at 8:30 AM Core PPI (0.5% est.; prev. 0,.6%) at 8:30 AM…

Morning Notes – Wednesday, October 13, 2021

Directional Bias For The Day: S&P Futures are a little higher at 8:30 AM; Volatility has increased following the CPI report The odds are for a volatile day with a good chance of a sideways to an up move from pre-open levels around 4340.00 – watch for a break above 4354.75 and break below 4333.25…

Morning Notes – Tuesday, October 12, 2021

Directional Bias For The Day: S&P Futures are little changed at 7:45 AM; Prices have been moving higher since 2:45 AM after making Bullish Divergence on intraday charts The daily chart bias to the downside but up momentum is building on intraday charts The odds are for a volatile day with a good chance of…

Morning Notes – Friday October 8, 2021

Directional Bias For The Day: S&P Futures are a little higher at 8:00 AM; Price-action is a bit muted ahead of the Non-Farm Payroll report, which will impact the subsequent price move The odds are for an up day with elevated volatility – watch for a break above 4401.75 and a break below 4382.25 for…

Morning Notes – Thursday October 7, 2021

Directional Bias For The Day: S&P Futures are higher at 8:00 AM; Futures are trending up since 5:30 AM on Wednesday The odds are for an up day with elevated volatility – watch for a break above 4397.75 and a break below 4369.50 for more insights Key economic data report due during the day: Unemployment…

Morning Notes – Wednesday October 6, 2021

Directional Bias For The Day: S&P Futures are lower at 7:45 AM; Futures are  sharply down from  the previous close but are rising since 5:30 AM from 4273.00 to around 4290 The odds are for a down day with elevated volatility – watch for a break above 4309.00 and a break below 4281.25 for more…

Morning Notes – Tuesday October 5, 2021

Directional Bias For The Day: S&P Futures are higher at 8:00 AM; Futures are rising since 9:15 PM; up more than 40 points from 4269.00; The odds are for an up day with elevated volatility – watch for a break below 4302.75 and a break below 4287.00 for a change of sentiments Key economic data…

Morning Notes – Monday October 4, 2021

Directional Bias For The Day: S&P Futures are lower at 8:45 AM; Futures were  down more than 20 points at7:15 Am and have recovered from that low level; The odds are for a down day with elevated volatility – watch for a break above 4349.75 for a change of sentiments Key economic data report due…

Morning Notes – Friday October 1, 2021

Directional Bias For The Day: S&P Futures are higher at 8:15 AM; Futures were  down during the Asian session but turned around at 2:45 AM and picked up steam at 7:00 AM; more than 50 points up from the Asian session low of 4260.00; The odds are for an up day with elevated volatility, however,…