Morning Notes – Wednesday May 19, 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 4167.75 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: Side-Down 30-Min: Down 15-Min:…

Morning Notes – Tuesday May 18, 2021

Directional Bias For The Day: S&P Futures are little changed; they were higher but  are declining The odds are for a sideways to a down day – watch for a break above 4167.75 for a change of sentiments Key economic data report due during the day: Building Permits ( 1.76M vs. 1.77M est.; prev.1.76M) at…

Morning Notes – Monday May 17, 2021

Directional Bias For The Day: S&P Futures are lower The odds are for a down day with a good chance of sideways move from pre-open levels around 4150.00 – watch for a break above 4164.00 and a break below 4147.25 for clarity No key economic data report due during the day: Directional Bias Before Open:…

Morning Notes – Friday May 14, 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 4122.25 for a change of sentiment Key economic data report due during the day: Retail Sales PPI ( 0.00 vs. 1.0% est.; prev. 9.8% ) at 8:30 AM Core Retail…

Morning Notes – Thursday May 13, 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 above 4177.25 and break below 4037.25 for clarity Key economic data report due during the day: PPI ( 0.3% est.; prev. 1.0% ) at 8:30 AM Core PPI ( 0.4% est.;…

Morning Notes – Wednesday May 12, 2021

Directional Bias For The Day: S&P Futures are lower The odds are for a down day to sideways day – watch for a break above 4147.00 for a change in sentiments Key economic data report due during the day: CPI ( 0.2% est.; prev. 0.6% ) at 8:30 AM Core CPI ( 0.3% est.; prev.…

Morning Notes – Tuesday May 11, 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 4161.25 Key economic data report due during the day: JOLTS Jobs Openings ( 7.50 M est.; prev. 7.37M) at 10:00 AM Directional Bias Before Open: Weekly: Uptrend Daily: Uptrend Resumed…

Morning Notes – Monday May 10, 2021

Directional Bias For The Day: S&P Futures are higher The odds are for an up day – watch for a break below 4222.25 for a change of fortunes No key economic data report due during the day: Directional Bias Before Open: Weekly: Uptrend Daily: Uptrend Resumed 120-Min: Side-Up 30-Min: Up 15-Min: Up-Side 6-Min: Side Key…

Morning Notes – Friday May 7, 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 4191.75 for a change of fortunes The Employment report will have a significant impact on price-action Key economic data report due during the day: Non-Fram Employment Change ( 990K est.;…

Morning Notes – Thursday May 6, 2021

Directional Bias For The Day: S&P Futures are little changed The odds are for a sideways day with elevated volatility – watch for a break above 4169 and a below 4156.75 for clarity Key economic data report due during the day: Unemployment Claims ( 498K vs. 540K est.; prev. 553K) at 8:30 AM Prelim Nonfarm…