Morning Notes – Tuesday February 16, 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 3954.00 and break below 3928.50 for clarity Key economic data report due during the day: Empire State Manufacturing Index ( 12.1 vs. 6.2 est.; prev. 3.5) at 8:30 AM Directional…

Morning Notes – Thursday February 4, 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 3843.50 and break below 3811.25 for clarity Key economic data report due during the day: Unemployment Claims ( 779K vs. 828K est.; prev. 812K) at 8:30 AM Prelim Nonforam Productivity…

Morning Notes – Wednesday February 3, 2021

Directional Bias For The Day: S&P Futures are higher; The odds are for an up to sideways day – watch for a break above 3843.50 and break below 3813.75 for clarity Key economic data report due during the day: ADP Non-Farm Employment Change ( 174K vs. 48K est.; prev. -78K) at 8:15 AM Final Services…

Morning Notes – Tuesday February 2, 2021

Directional Bias For The Day: S&P Futures are higher; The odds are for an up day with high volatility; good chance of sideways to down move from pre-open levels around 3795.00 – watch for a break below 3781.00 and break above 3804.00 for clarity Key economic data report due during the day: IBD/TIPP Economic Optimism…

Morning Notes – Monday February 1, 2021

Directional Bias For The Day: S&P Futures are higher; The odds are for an up day with high volatility; good chance of sideways to down move from pre-open levels around 3735.00 – watch for a break below 3715.25 and break above 3751.50 for clarity Key economic data report due during the day: ISM Manufacturing PMI…

Morning Notes – Thursday January 28, 2021

Directional Bias For The Day: S&P Futures are higher; The odds are for an up day with high volatility; watch for a break below 3730.25 for change of fortune Key economic data report due during the day: Advanced GDP ( 4.0% vs. 4.2% est.; prev. 33.4%) at 8:30 AM Unemployment Claims ( 847K vs. 880K…

Morning Notes – Monday January 25, 2021

Directional Bias For The Day: S&P Futures are lower; The odds are for a sideways to down day; watch for a break above 3841.75 and below 3822.25 for clarity No key economic data report due during the day: Directional Bias Before Open: Weekly: Uptrend Daily: Uptrend 120-Min: Up-Sid 30-Min: Up-Side 15-Min: Side-Down 6-Min:  Side Key…

Morning Notes – Friday January 22, 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 level near 3815.00; watch for a break above 3831.25 Key economic data report due during the day: Flash Manufacturing PMI ( 56.6 est.; prev. 57.1) at 9:45…

Morning Notes – Thursday January 21, 2021

Directional Bias For The Day: S&P Futures are higher; The odds are for an up day, with a good chance of sideways to down move from the pre-open level near 3850.00; watch for a break below 3840.00 for change of fortune Key economic data report due during the day: Philly Fed Manufacturing Index ( 11.2…

Morning Notes – Wednesday January 20, 2021

Directional Bias For The Day: S&P Futures are higher; The odds are for an up day, with a good chance of sideways to down move from the pre-open level near 3810.00; watch for a break below 3788.50 for change of fortune Key economic data report due during the day: NAHB Housing Market Index ( 86…