Directional Bias For The Day: S&P Futures are little changed to higher; Mostly moving sideways since 12:00 PM on Wednesday A narrow wedge is emerging on 15-minute charts; break above 2728.25 will have bullish implications and break below 2721.75 bearish Odds are for sideways day with up-bias – watch for break above 2728.25 and break below 2721.75 for more clarity Key economic…

Directional Bias For The Day: S&P Futures are higher; rising since 3:00 PM on May 9 in an up-sloping flag on 30-minute chart Odds are for an up to sideways day with increased volatility – watch for break above 2707.75 and break below 2695.00 for more clarity Key economic data due: Prelim GDP ( 2.2% vs. 2.3% est.) at…

Directional Bias For The Day: S&P Futures are lower; dipped 30 points from Friday’s close; moving higher from a low of 2690.25 at 4:30 AM; up 15 points from the lows Odds are for a down day with increased volatility – watch for break above 2706.00 for change of fortune Key economic data due: CB Consumer Confidence (est. 128.2)…

Directional Bias For The Day: S&P Futures are lower; moving lower since 7:00 AM Odds are for a down day with increased volatility – watch for break above 2724.00 for change of fortune Key economic data due: Durable Goods (-1.7% vs. -1.3% est.) at 8:30 AM Core Durable Goods (0.9% vs. 0.5% est.) at 8:30 AM Markets Around The…

Directional Bias For The Day: S&P Futures are lower; moving lower since 5:00 AM after making a double top Odds are for a sideways to down day with increased volatility – watch for break above 2733.23 and below 2720.25 for change of fortune Key economic data due: Unemployment Claims (234K vs. 220K est.) at 8:30 AM Existing Home Sales…

Directional Bias For The Day: S&P Futures are lower; moving lower since 9:30 AM on May 22 in steps Forming an up-sloping flag on 30-minute chart; a break below 2706.00 will be bearish Odds are for a down day with increased volatility – watch for break above 2716.00 for change of fortune Key economic data due: FOMC Meeting Minutes…

Directional Bias For The Day: S&P Futures are lower; moving lower since 6:15 AM Odds are for a down day with a good chance of sideways movement with increased volatility – watch for break above 2720.00 and below 2711.00 for clarity No key economic data due Markets Around The World Markets in the East were mostly up – Sydney…

Directional Bias For The Day: S&P Futures are lower; moving lower since 2:30 PM on May 16; below a downtrend line of 30-minute chart Odds are for a down day with a good chance of sideways movement with increased volatility – watch for break above 2721.00 and below 2717.00 for clarity Key economic data due: Pillly Fed Manufacturing…

Directional Bias For The Day: S&P Futures are lower; moving within an up-sloping flag on 30-minute chart, break below 2706.00 would be bearish Odds are for a down day with a good chance of sideways movement with increased volatility – watch for break above 2711.50 and below 2706.00 for clarity Key economic data due: Building Permits (1.35M vs. 1.35M est.) at…

Directional Bias For The Day: S&P Futures are lower; moving down since 10:30 AM on May 14; new leg down at 6:00 AM Odds are for a down day with increased volatility – watch for break above 2725.25 for change of fortune Key economic data due: Retail Sales (0.3% vs. 0.4% est.) at 8:30 AM Core Retail Sales (0.3%…