Morning Notes – Friday July 9, 2021

Directional Bias For The Day: S&P Futures are higher; The odds are for an up day with elevated volatility – watch for a break below 4319.75 for a change of sentiments Key economic data report due during the day: Final Wholesale Inventories ( 7.8% est.; prev. 8.2%) at 10:00 AM Fed Monetary Policy Report G20…

Morning Notes – Thursday July 8, 2021

Directional Bias For The Day: S&P Futures are lower; The odds are for a down day with elevated volatility and a good chance of sideways to up move from the pre-open levels around 4290.00 – watch for a break above 4305.25 Key economic data report due during the day: Unemployment Claims ( 373K vs. 345K…

Morning Notes – Wednesday July 7, 2021

Directional Bias For The Day: S&P Futures are higher; The odds are for an up day – watch for a break below 4336.25 for a change of fortunes Key economic data report due during the day: JOLTS Job Openings ( 9.30M est.; prev. 9.29M) at 10:00 AM FOMC Meeting Minutes at 2:00 PM Directional Bias…

Morning Notes – Tuesday July 6, 2021

Directional Bias For The Day: S&P Futures are a little changed; The odds are for a sideways to down day – watch for a break above 4343.50 and a break below 4336.00 for clarity Key economic data report due during the day: Final Services PMI ( 64.8 est.; prev. 64.8) at 9:45 AM ISM Services…

Morning Notes – Friday July 2, 2021

Directional Bias For The Day: S&P Futures are a higher; The odds are for an up day with elevated volatility Non-Farm payroll report will have an impact on the day’s trading – watch for a break above 4318.25 and a break below 4309.00 Key economic data report due during the day: Non-Farm Employment Change (…

Morning Notes – Thursday July 1, 2021

Directional Bias For The Day: S&P Futures are a higher; The odds are for an up day with a good chance of sideways move from pre-open levels around 4295.00 – watch for a break above 4305.75 and a break below 4286.00 for clarity Key economic data report due during the day: Challenger Jobs Cuts (…

Morning Notes – Wednesday June 30, 2021

Directional Bias For The Day: S&P Futures are a bit lower; The odds are for a down to sideways day – watch for a break above 4283.75 for a change of fortunes Key economic data report due during the day: ADP Non-Farm Employment Change ( 692K vs. 555K est.; prev. 978K) at 8:15 AM Chicago…

Morning Notes – Tuesday June 29, 2021

Directional Bias For The Day: S&P Futures are little changed; The odds are for a sideways to an up day – watch for a break below 4271.75 or a break above 4283.50 for clarity Key economic data report due during the day: HPI ( 1.5% est.; prev. 1.4%) at 9:00 AM S&P/CS Composite-20 HPI (…

Morning Notes – Monday June 28, 2021

Directional Bias For The Day: S&P Futures are higher; The odds are for a sideways to an up day – watch for a break below 4277.50 or a break above 4268.50 for clarity No key economic data report due during the day: Directional Bias Before Open: Weekly: Uptrend Daily: Uptrend Resumed 120-Min: Up 30-Min: Up-Side…

Morning Notes – Thursday June 24, 2021

Directional Bias For The Day: S&P Futures are higher; The odds are for an up day with a good chance of sideways to down move from the pre-open levels around 4250.00 – watch for a break below 4246.75 or a break above 4254.50 for clarity Key economic data report due during the day: Final GDP…