Morning Notes – Wednesday May 5, 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 4169.50 for a change of sentiments Key economic data report due during the day: ADP Non-Farm Employment Change ( 742K vs. 872K est.; prev. 565K) at 8:15 AM Final Services…

Morning Notes – Tuesday May 4, 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 4184.50 for a change of sentiments Key economic data report due during the day: Trade Balance ( -74.4B vs. -74.5B est.; prev. -70.5B) at 8:30 AM Factor Orders ( 1.3%…

Morning Notes – Monday May 3, 2021

Directional Bias For The Day: S&P Futures are higher The odds are for an up day with  a good chance of a sideways move from pre-open levels around 4195.00  down day Key economic data report due during the day: ISM Manufacturing PMI ( 65.0 est.; prev. 64.7) at 10:00 AM Directional Bias Before Open: Weekly:…

Morning Notes – Friday April 30, 2021

Directional Bias For The Day: S&P Futures are lower The odds are for a down day – watch for a break above 4196.25 for change of sentiments clarity Key economic data report due during the day: Core PCE Price Index ( 0.4% vs. 0.3% est.; prev. 0.1%) at 8:30 AM Employment Cost Index ( 0.9%…

Morning Notes – Thursday April 29, 2021

Directional Bias For The Day: S&P Futures are higher The odds are for an up day with a good chance of  a sideways to down move from pre-open levels around 4205.00 day – watch for a break below 4198.00 for clarity Key economic data report due during the day: Unemployment Claims ( 553K vs. 545K…

Morning Notes – Wednesday April 28, 2021

Directional Bias For The Day: S&P Futures are unchanged The odds are for a sideways day – watch for a break above 4186.00  and a break below 4175.75 for clarity Key economic data report due during the day: Good Trade Balance ( -90.6B vs. -88.2B est.; prev. -87.1B) at 8:30 AM Prelim Wholesale Inventories (…

Morning Notes – Tuesday April 27, 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 4186.75  and a break below 4176.25 for clarity Key economic data report due during the day: HP ( 1.0% est.; prev. 1.0%) at 9:00 AM S&P/CS Composite-20 HPI ( 11.8%…

Morning Notes – Monday April 26, 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 4176.00  and a break below 4163.75 for clarity No key economic data report due during the day: Directional Bias Before Open: Weekly: Uptrend Daily: Uptrend Resumed 120-Min: Up-Side 30-Min: Side-Up…

Morning Notes – Friday April 23, 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 4141.50  and a break below 4127.50 for clarity Key economic data report due during the day: Flash Manufacturing PMI ( 60.9 est.; prev. 59.1 ) at 9:45 AM Flash Services…

Morning Notes – Thursday April 22, 2021

Directional Bias For The Day: S&P Futures are lower The odds are for a sideways to an up day – watch for a break above 4167.25  and a break below 4153.25 for clarity Key economic data report due during the day: Unemployment Claims ( 607K est.; prev. 576K) at 8:30 AM CB Leading Index (…