Directional Bias For The Day: S&P Futures are higher Drifting sideways since 4:00 PM on July 18 Trading within a narrow band – between 2461.00 and 2457.75  Odds are for a sideways to an up day; watch for break below 2457.75 for a change of fortunes; Key economic data due: Building Permits (est. 1.20M) and Housing Starts (est. 1.16M) at 8:30 AM Markets Around The World…

Directional Bias For The Day: Futures are lower Drifting lower since 4:30 AM high of 2460.50 Trading within a narrow band – between 2461.25 and 2454.00 – since 1:30 PM on July 14 Odds are for a sideways to a down day; watch for break above 2460.50 a change of fortunes; Key economic data due: Import Prices (est. -0.2%) at 8:30 AM Markets Around The…

Directional Bias For The Day: Futures are mixed to little changed Drifting sideways since 2:30 PM on July 14 Odds are for a sideways to an up day; watch for break below 2452.75 for a change of fortunes; Key economic data due: Empire State Manufacturing Index (9.8 vs. 15.2 est.) at 8:30 AM Markets Around The World Markets in the East closed mixed – Shanghai and Sydney…

Directional Bias For The Day: Futures are mixed to little changed Drifting lower since July 13 9:00 PM high of 2447.25 Odds are for a sideways to an up day; watch for break below 2439.00 for a change of fortunes; Key economic data due: CPI (est. 0.1%) and Core CPI (est. 0.2%) at 8:30 AM Retail Sales (est. +0.1%) and Core Retail Sales (est. 0.2%) at…

Directional Bias For The Day: Futures are mixed to little changed Drifting lower since 5:00 AM high of 2446.50 Odds are for a sideways to an up day; watch for break below 2437.25 for a change of fortunes; Key economic data due: PPI (est. 0.0%) and Core PPI (est. 0.2%) at 8:30 AM Unemployment Claims (est. 245K) at 8:30 AM Fed Chair Yellen’s testimony at 10:00…

Directional Bias For The Day: Futures are higher Drifting up since 11:30 PM on July 11; broke above a downtrend time from 3:30 PM high on July 10 Finding resistance near 2429.00, which was previous support; triple top being formed Odds are for a sideways to up day; watch for break below 2422.50 for a change of fortunes; Key economic data due: Fed Chair Yellen’s…

Directional Bias For The Day: Futures are lower Drifting down since 3:30 PM on July 10 Made a lower high of 2427.75 at 2:00 AM Odds are for a sideways to down day; watch for break above 2427.75 for a change of fortunes; No Key economic data due: Markets Around The World Markets in the East closed mostly higher – Shanghai was down European markets are mostly…

Directional Bias For The Day: Futures are almost unchanged Drifting down since 11:30 PM on July 9 Finding resistance at 2429.00, which was prior support Odds are for a sideways to down day; watch for break above 2429.25 for a change of fortunes; No Key economic data due: Markets Around The World Markets in the East closed mostly higher – Shanghai was down European markets are mostly…

Directional Bias For The Day: Futures are almost unchanged Drifting sideways since 4:00 PM on July 6 Finding resistance at 2410.25, the low of 10:00 AM on July 6; also a support at prior high of 2400.00 Odds are for a down to sideways day; watch for break above 2411.75 for a change of fortunes; Key economic data due: Non-Farm Employment Change (175K est.) at…

Directional Bias For The Day: Futures are lower Drifting lower since 2:30 PM on July 5 Odds are for a down day; watch for break above 2420.25 for a change of fortunes Key economic data due: ADP Non-Farm Employment Change (158K vs. 184K est.) at 8:15 AM Unemployment Claims (est. 243K) at 8:30 AM ISM Non-Manufacturing PMI (est. 56.5) at 10:00 AM Markets Around…