Directional Bias For The Day: S&P Futures are higher Moving sideways to down since 1:00 AM Odds are for an up to sideways day – watch for break below 2500.50 for a change of fortunes No Key economic data due: Markets Around The World Markets in the East closed higher – Tokyo was closed; the intra-day trend up in the early session followed by a consolidation and little…
Directional Bias For The Day: S&P Futures are lower Moving sideways since 12:30 PM on September 11 Odds are for a sideways day – watch for break above 2496.25 and below 2487.00 for a change of fortunes Key economic data due: Retail Sales (-0.2% vs. 0.1% est.) at 8:30 AM Core Retail Sales (0.2% vs. 0.5% est.) at 8:30 AM Empire State Manufacturing (24.4…
Directional Bias For The Day: S&P Futures are lower Moving lower since 6:00 PM on September 12 Odds are for a sideways to down – watch for break above 2495.50 for a change of fortunes Key economic data due: PPI (0.2% vs. 0.3% est.) at 8:30 AM Core PPI (0.1% vs. 0.2% est.) at 8:30 AM Markets Around The World Markets in the East closed…
An analysis of daily price change since 1973 tells us that there are some certain seasonal biases in the market. Major U.S. indices show a greater probability of advancing in some months as compared to others. There are many reasons for seasonal or monthly bias in equity market. We will review some of them in future posts. The…
Directional Bias For The Day: S&P Futures are higher Moving higher after a shallow round arc retracement before Asian session Odds are for an up day – watch for break below 2485.25 for a change of fortunes Key economic data due: JOLTS Job Opening (est. 5.96M) at 10:00 AM Markets Around The World Markets in the East closed higher – the intra-day trend was mostly…
Directional Bias For The Day: S&P Futures are higher Gapped up at the week’s open on September 10 and maintaining the gap Odds are for an up day – watch for break below 2466.75 for a change of fortunes No Key economic data due Markets Around The World Markets in the East closed higher – the intra-day trend was mostly to the upside European markets…
Directional Bias For The Day: S&P Futures are lower Moving down since the double top at 9:30 AM on September 7 high of 2469.00 Horizontal channel emerging on 30-minute; near the lower limit of the pattern Odds are for a down day – watch for break above 2462.50 for a change of fortunes No Key economic data due Markets Around The World Markets in the East closed mixed – Shanghai, Tokyo…
Directional Bias For The Day: S&P Futures are little changed Moving mostly sideways since 4:00 PM on September 5 A symmetrical triangle is emerging on 30-minute chart with price near the upper limit; a break up would have a target near 2480.00 level A horizontal channel is forming on 6-minute chart – high of 2467.25 and low of 2464.75 – price…
Directional Bias For The Day: S&P Futures are higher Moving up after sharp decline on September 5, since 1:00 PM Another up-sloping flag, but steeper; a break below 2456.50 will be bearish Odds are for an up to sideways day – watch for break below 2456.50 for a change of fortunes Key economic data due: Trade Balance (-43.7B vs. -44.6B est.) at 8:30 AM Final Services PMI (est. 56.8)…
Directional Bias For The Day: S&P Futures are lower Moving up after a gap down since 6:00 PM on Sunday In the middle of a up-sloping flag; a break below 2465.25 will be bearish Odds are for a down to sideways day – watch for break above 2471.75 for a change of fortunes Key economic data due: Factory Orders (est. -3.3%) at 10:00 AM IBD/TIPP Economic…
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