Morning Notes – Wednesday June 23, 2021

Directional Bias For The Day: S&P Futures are little changed; The odds are for a sideways to up day – watch for a break below 4230.75 for a change of sentiments Key economic data report due during the day: Current Account ( -205B est.; prev. -188B) at 8:30 AM Flash Manufacturing PMI ( 61.5 est.;…

Morning Notes – Tuesday June 22, 2021

Directional Bias For The Day: S&P Futures are higher; The odds are for an up-to-sideways day with elevated volatility – watch for a break below 4205.75 for a change of sentiments Key economic data report due during the day: Fed Chair Powell’s Testimony at 2:00 PM Directional Bias Before Open: Weekly: Uptrend Daily: Uptrend Under…

Morning Notes – Monday June 21, 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 4160.50 for a change of sentiments No key economic data report due during the day: Directional Bias Before Open: Weekly: Uptrend Daily: Uptrend Under Pressure 120-Min: Down 30-Min: Down-Side 15-Min:…

Morning Notes – Thursday June 17, 2021

Directional Bias For The Day: S&P Futures are lower; The odds are for a down day with elevated volatility – watch for a break above 4206.25 for a change of sentiments Key economic data report due during the day: Philly Fed Manufacturing Index ( 30.7 vs. 30.3 est.; prev. 31.5) at 8:30 AM Unemployment Claims…

Morning Notes – Wednesday June 16, 2021

Directional Bias For The Day: S&P Futures are a bit lower; Essentially moving sideways since 2:00 PM on Tuesday awaiting FOMC Statement and Press Conference later today The odds are for a sideways day – watch for a break above 4242.50 and a break below 4231.50 for clarity Key economic data report due during the…

Morning Notes – Tuesday June 15, 2021

Directional Bias For The Day: S&P Futures are a bit higher; declined from the Asian session high of 4258.25 to near 4250.00; The odds are for a sideways to an up day – watch for a break below 4245.75 for a change of sentiments Key economic data report due during the day: PPIĀ  (0.8% vs.…

Morning Notes – Monday June 14, 2021

Directional Bias For The Day: S&P Futures are a bit higher; moving sideways since 6:00 PM on Sunday The odds are for a sideways to an up day – watch for a break below 4232.25 No key economic data report due during the day: Directional Bias Before Open: Weekly: Uptrend Daily: Uptrend Under Pressure 120-Min:…

Morning Notes – Friday June 11, 2021

Directional Bias For The Day: S&P Futures are higher; near the upper bound of a Horizontal Channel between 4238.50 and 4224.50 The odds are for an up to sideways day – watch for a break below 4225.25 Key economic data report due during the day: Prelim UoM Consument Sentiments ( 84.1 est.; prev. 82.9) at…

Morning Notes – Thursday June 10, 2021

Directional Bias For The Day: S&P Futures are higher; near the lower bound of a Horizontal Channel between 4235.00 and 4212.00 The odds are for a sideways to down day – watch for a break above 4225.50 Key economic data report due during the day: CPI ( 0.4% est.; prev. 0.8%) at 8:30 AM Core…

Morning Notes – Wedesday June 9, 2021

Directional Bias For The Day: S&P Futures are higher near the upper bound of a Horizontal Channel between 4235.00 and 4212.00 The odds are for an up to a sideways day – watch for a break below 4224.00 Key economic data report due during the day: Final Wholesale Inventories ( 0.8% est.; prev. 0.8%) at…