Morning Notes – Tuesday, October 1, 2024

Directional Bias for the Day: S&P Futures are lower at 8:45 AM. Moving sideways to down since 4:00 PM. Odds are for a sideways to down day. Watch for a break above 5822.50 or a break below 5807.25 for clarity. The notable economic data due during the day: Final Manufacturing PMI (47.0 est.; prev. 47.0)…

Morning Notes – Tuesday, September 24, 2024

Directional Bias for the Day: S&P Futures are higher at 8:45 AM. Moving within a range. Odds are for a sideways day. Watch for a break below 5771.75 or a break above 5793.50 for clarity. The major economic data due during the day: S&P/CS Composite-20 HPI (5.9% vs. 5.9% est.; prev. 6.5%) at 9:00 AM.…

Morning Notes – Monday, September 23, 2024

Directional Bias for the Day: S&P Futures are higher at 9:00 AM. Up more than 30 points since 3:00 AM. Odds are for a sideways to up day. Watch for a break below 5745.25 or a break above 5781.75 for clarity. The major economic data due during the day: Flash Manufacturing PMI (48.6 est.; prev.…