Morning Notes – Tuesday June 8, 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 4212.00 Key economic data report due during the day: Trade Balance ( -68.5B est.; prev. -74.4B) at 8:30…

Morning Notes – Monday June 7, 2021

Directional Bias For The Day: S&P Futures are little changed near all-time highs The odds are for an up to a sideways day – watch for a break below 4214.00 No key economic data report due during the day: Directional Bias Before Open: Weekly: Uptrend Daily: Uptrend Under Pressure 120-Min: Up-Side 30-Min: Up-Side 15-Min: Up-Side…

Morning Notes – Friday June 4, 2021

Directional Bias For The Day: S&P Futures are little changed Non-Farm Payroll report day, which will have an impact on the trader sentiments and market direction The odds are for a down day with elevated volatility – watch for a break above 4201.50 Key economic data report due during the day: Non-Farm Employment Change (…

Morning Notes – Thursday June 3, 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 4180.75 Key economic data report due during the day: ADP Non-Farm Employment Change (978K vs. 645K est.; prev. 654K) at 8:15 AM Unemployment Claims ( 400K est.; prev. 406K )…

Morning Notes – Wednesday June 2, 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 4190.50 and a break above 4207.75 for clarity Key economic data report due during the day: Beige Book at 2:00 PM Directional Bias Before Open: Weekly: Uptrend Daily: Uptrend Under…

Morning Notes – Tuesday June 1, 2021

Directional Bias For The Day: S&P Futures are higher The odds are for an up with a good chance of sideways  to down move from pre-open levels around 4225.99 – watch for a break below 4214.00 for a change of fortune Key economic data report due during the day: Final Manufacturing PMI ( 61.5 est.;…

Morning Notes – Wednesday May 26, 2021

Directional Bias For The Day: S&P Futures are higher The odds are for an up to sideways day – watch for a break below 4210.00 and a break below 4191.25 for clarity No key economic data report due during the day: Directional Bias Before Open: Weekly: Uptrend Daily: Uptrend Under Pressure 120-Min: Up-Side 30-Min: Side…

Morning Notes – Tuesday May 25, 2021

Directional Bias For The Day: S&P Futures are higher The odds are for an up day – watch for a break below 4203.25 for  a change of sentiments Key economic data report due during the day: HPI ( 1.1% est.; prev. 0.9%) at 9:00 AM S&P/CS Comp[osite-20 HPI (12.8% est.; prev. 13l9%) at 9:00 AM…

Morning Notes – Friday May 21, 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 above 4173.25 and break below 4155.75 for clarity Key economic data report due during the day: Flash Manufacturing PMI ( 60.0 est.; prev. 60.5) at 9:45 AM Flash Services PMI (…

Morning Notes – Thursday May 20, 2021

Directional Bias For The Day: S&P Futures are higher The odds are for a sideways to an up day with elevated volatility Key economic data report due during the day: Philly Fed Manufacturing Index ( 31.5 vs. 40.8 est.; prev. 50.2) at 8:30 AM Unemployment Claims ( 444K vs. 453K est.; prev. 473K) at 8:30…