Directional Bias For The Day: S&P Futures are moving sideways since 3:30 PM on October 16 A symmetrical triangle is emerging on 30-minute chart since 9:30 AM on October 16 – high of 2557.75 and low of 2550.75; break up will have a target near 2563.00 and break down will have a target near 2547.00 Odds are…

Directional Bias For The Day: S&P Futures are higher Drifting higher since 8:30 PM on October 12; recent leg started at 3:00 AM Odds are for an up to sideways day – watch for break above 2555.50 and below 2550.25 for change of fortunes Key economic data due: Empire State Manufacturing Index (30.2 vs. 20.3 est.) at 8:30 AM Markets Around The World Markets in the East closed…

Directional Bias For The Day: S&P Futures are higher Drifting higher since 8:30 PM on October 12 Odds are for an up to sideways day – watch for break above 2553.25 and below 2548.00 for change of fortunes Key economic data due: CPI (est. 0.6%) and Core CPI (est. 0.2%) at 8:30 AM Retail Sales (est. 1.7%) and Core Retail Sales (est. 0.9%) at 8:30 AM Markets…

Directional Bias For The Day: S&P Futures are lower Drifting mostly lower since 4:00 PM on October 11 Odds are for a sideways to down day – watch for break above 2551.00 and below 2542.75 for change of fortunes Key economic data due: PPI (est. 0.4%) at 8:30 AM Core PPI (est. 0.2%) at 8:30 AM Unemployment Claims (est. 251K) at 8:30 AM Markets Around…

Directional Bias For The Day: S&P Futures are lower Drifting mostly lower since 4:00 PM on October 10 Odds are for a sideways to down day – watch for break above 2549.75 and below 2542.75 for change of fortunes No key economic data due: Markets Around The World Markets in the East closed mostly higher  – Hong Kong and Mumbai were down European markets are mostly up – U.K. and…

Directional Bias For The Day: S&P Futures are higher Drifting higher since 3:00 PM on October 9 Odds are for an up to sideways day – watch for break below 2543.75 and below 2539.25 for change of fortunes No key economic data due: Markets Around The World Markets in the East closed mostly higher  – Sydney was down; Seoul was closed European markets are mostly down – Switzerland…

Directional Bias For The Day: S&P Futures are higher Drifting higher since 11:30 AM on October 6 Odds are for an up to sideways day – watch for break below 2546.75 and below 2541.50 for change of fortunes Bond market closed due to Columbus Day No key economic data due: Markets Around The World Markets in the East were either closed or mixed – Hong…

Directional Bias For The Day: S&P Futures are almost unchanged Drifting sideways since 4:00 PM Awaiting Non-Farm Payroll report at :30 AM Bias will become clear post NFP report; an in-line report will increase the odds for a sideways move – watch for break below 2545.50 and above 2550.75 for change of fortunes Key economic data due: Non-Farm Employment Change (est. 82K) at 8:30 AM Average Hourly…

Directional Bias For The Day: S&P Futures are lower Drifting up since 1:00 AM Odds are for an up to sideways move – watch for break below 2535.75 for change of fortunes Key economic data due: Unemployment Claims (260K vs. 266K est.) at 8:30 AM Trade Balance (-42.4B vs. -42.7B est.) at 8:30 AM Factory Orders (est. 1.0%) at 10:00 AM Markets Around The World Markets…

Directional Bias For The Day: S&P Futures are lower Drifting sideways with down bias since 4:30 PM on October 3 Odds are for a sideways to down move – watch for break above 2533.50 and below 2529.50 for change of fortunes Key economic data due: ADP Non-Farm Employment Change (135K vs. 131K est.) at 8:15 AM ISM Non-Manufacturing PMI (est. 55.5) at 10:00…