Directional Bias For The Day: S&P Futures are lower; The odds are for a down day with elevated volatility – watch for break above 2880.75 and 2883.25 for change of fortune Key economic data due: CPI (0.3% vs. 0.3% est.; prev. 0.1%) at 8:30 AM Core CPI (0.3% vs. 0.2% est.; prev. 0.3%) at 8:30…

Directional Bias For The Day: S&P Futures are lower; Drifting down since NYSE close The odds are for a sideways to a down day with elevated volatility – watch for break above 2935.75 for change of fortune Key economic data due: PPI (est. 0.2%; prev. 0.1%) at 8:30 AM Core PPI ( est. 0.2%; pre.…

Directional Bias For The Day: S&P Futures are higher; Near the upper bound of a symmetrical triangle The odds are for a sideways to an up day with elevated volatility – watch for break below 2881.25 for change of fortune Key economic data due: Unemployment Claims (209K vs. 215K est.; pre. 217K) at 8:15 AM…

Directional Bias For The Day: S&P Futures are lower; Double top formation on 30-minute chart; broke below the intermediate low of two highs; 61.8% extension target is near 2836.00 level The odds are for a down day with elevated volatility – watch for break above 2870.50 for change of fortune No key economic data due…

Directional Bias For The Day: S&P Futures are higher but have recovered only 20% of Monday’s decline The odds are for an up day with elevated volatility – watch for break below 2831.50 for change of fortune Key economic data due: JOLTS Job Openings (est. 7.34M; prev. 7.2M) at 10:00 AM IBD/TIPP Economic Optimism (est.…

Directional Bias For The Day: S&P Futures are slightly higher; bouncing up from the lows reached at the NYSE close The odds are for a down to sideways day – watch for break above 2996.00 for change of fortune Key economic data due: Challenger Jobs Cut (43.2%; prev. 12.8%) at 7:30 AM Unemployment Clams (…