Morning Notes – Tuesday January 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 to down move from the pre-open level near 3785.00; watch for a break above 3736.25 and break below 3782.00 for clarity No key economic data report due during the day: Directional Bias Before…

Morning Notes – Friday January 15, 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 3780.00; watch for a break above 3784.50 and break below 3771.25 for clarity Key economic data report due during the day: Core Retail Sales (…

Morning Notes – Thursday January 14, 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 3814.70 and break below 3804.50 for clarity Key economic data report due during the day: Unemployment Claims ( 965K vs. 785K est.; prev. 787K) at 8:30 AM Import Prices ( 0.9% vs.…

Morning Notes – Wednesday January 13, 2021

Directional Bias For The Day: S&P Futures are lower; The odds are for a down to sideways day; watch for a break above 3810.50 and break below 3768.00 for clarity Key economic data report due during the day: CPI ( 0.4% vs. 0.4% est.; prev. 0.2%) at 8:30 AM Core CPI ( 0.1% vs. 0.1%…

Morning Notes – Tuesday January 12, 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 3810.50 and break below 3785.50 for clarity No key economic data report due during the day Directional Bias Before Open: Weekly: Uptrend Daily: Uptrend 120-Min: Up-Side 30-Min: Up-Side 15-Min: Up-Side 6-Min:  Side…

Morning Notes – Monday January 11, 2021

Directional Bias For The Day: S&P Futures are lower; The odds are for down day; watch for a break above 3804.50 for change of fortune No key economic data report due during the day Directional Bias Before Open: Weekly: Uptrend Daily: Uptrend 120-Min: Up-Side 30-Min: Up-Side 15-Min: Side-Down 6-Min:  Side-Down Key Levels: Critical support levels…

Morning Notes – Thursday January 7, 2021

Directional Bias For The Day: S&P Futures are higher; The odds are for an up day; watch for a break below 3754.75 Key economic data report due during the day: Challenger Jobs Cut ( 134.5%.; prev. 45.4%) at 7:30 AM Unemployment Claims ( 787K vs. 798K est.; 790K) at 8:30 AM Trade Balance ( -68.1B…

Morning Notes – Wednesday January 6, 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 3719.25 and below 3685.50 for clarity Key economic data report due during the day: ADP Non-Farm Employment Change ( -123K vs. 60K est.; prev. 304K) at 8:15 AM Final Services PMI (…

Morning Notes – Tuesday January 5, 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 around the pre-open level around 3675.00; watch for a break above 3692.00 and below 3670.25 for clarity Key economic data report due during the day: ISM Manufacturing PMI ( 56.6 est; prev.…

Morning Notes – Thursday December 17, 2020

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 around 3715.00; watch for a break below 3704.75 for clarity Key economic data report due during the day: Unemployment Claims ( 817K est’; prev. 853K)…