Morning Notes – Thursday March 4, 2021

Directional Bias For The Day: S&P Futures are lower; Futures rising since 11:00 PM from a low of 3777.50 to around 3820.00 level The daily bias is sideways to down The odds are for a choppy day with a good chance of an up day – watch for a break above 3877.25 for a change…

Morning Notes – Wednesday March 3, 2021

Directional Bias For The Day: S&P Futures are lower; futures gave up more than 40 points since 4:00 AM The daily bias is sideways to down The odds are for a down day – watch for a break above 3877.25 for a change of fortune Key economic data report due during the day: ADP Non-Farm…

Morning Notes – Tuesday March 2, 2021

Directional Bias For The Day: S&P Futures are lower; The daily bias is sideways to down The odds are for a sideways to down day – watch for a break above 3897.00 and break below 3866.25 for clarity No key economic data report due during the day: Directional Bias Before Open: Weekly: Uptrend Daily: Uptrend…

Morning Notes – Monday March 1, 2021

Directional Bias For The Day: S&P Futures are higher; the daily bias is sideways to down The odds are for an up day with a good chance of sideways to down move from the pre-open levels around 3850.00 – watch for a break above 3858.50 and break below 3843.25 for clarity Key economic data report…

Morning Notes – Thursday February 25, 2021

Directional Bias For The Day: S&P Futures are lower; The odds are for a down day with a good chance of sideways to up move from the pre-open levels around 3910.00 – watch for a break above 3925.75 and break below 3896.50 for clarity Key economic data report due during the day: Prelim GDP (…

Morning Notes – Wednesday February 24, 2021

Directional Bias For The Day: S&P Futures are little changed; Futures are declining since 7:45 from a high of 3896.50, a resistance zone; gave up all pre-open gains The odds are for a sideways day within a large range – watch for a break above 3896.50 and break below 3851.75 for clarity Key economic data…

Morning Notes – Tuesday February 23, 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 – watch for a break above 3868.25 for a change of fortunes Key economic data report due during the day: HPI ( 1.1% vs. 1.0% est.; prev. 1.0%) at…

Morning Notes – Friday February 19, 2021

Directional Bias For The Day: S&P Futures are higher; The odds are for an up day with a good chance of sideways move from pre-open levels – watch for a break below 3903.50 for change of fortunes Key economic data report due during the day: Flash Manufacturing PMI ( 58.4 est.; prev. 59.2) at 9:45…

Morning Notes – Thursday February 18, 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 – watch for a break above 3913.50 for change of fortunes Key economic data report due during the day: Philly Fed Manufacturing Index ( 23.1 vs.20.3 est.; prev. 26.5)…

Morning Notes – Wednesday February 17, 2021

Directional Bias For The Day: S&P Futures are lower; The odds are for a sideways to a down day – watch for a break above 3936.75 and break below 3913.00 for clarity Key economic data report due during the day: Retail Sales ( 5.3% vs.1.1% est.; prev. -0.7%) at 8:30 AM Core Retail Sales (…