Directional Bias For The Day: S&P Futures are up with increased volatility; rose from 2791.75 to 2806.00 then declined to 2796.00 30-min 8:30 AM candle made a hammer like reversal candle Odds are an up day but with increase volatility with good chance for a down day – watch for break below 2796.00 for change of fortunes Key economic…
Directional Bias For The Day: S&P Futures are down; moving down in a down-sloping flag sine 3:00 PM on Wednesday At the lower bound of a horizontal channel on 6-Minute timeframe Odds are a sideways day with an up bias – watch for break above 2806.25 and below 2800.25 for change of fortunes Key economic data due: Housing Starts (1.19M…
Directional Bias For The Day: S&P Futures are higher; moving higher since 2:30 PM on January 16 Emerging up-sloping flag; a break below will be bearish Odds are for an up day but most likely down from current levels – watch for break below 2782.25 for change of fortunes Key economic data due: Capacity Utilization (77.9% vs. 77.3% est.) at 9:15…
Directional Bias For The Day: S&P Futures are higher; moving sideways since 6:30 PM on January 14; most of the gains occurred at the start of week’s trading Odds are for an up day but sideways to down from current levels – watch for break below 2796.00 for change of fortunes Key economic data due: Empire State Manufacturing Index…
The U.S. market is continuing with the bull rally that started in March 2009. During this time, significant market declines occurred only three time. In 2010, the S&P 500 declined by 17.13%, mostly due to concerns arising from the European Sovereign debt crisis. In 2011, the S&P 500 declined in the wake of U.S. debt ceiling…
Directional Bias For The Day: S&P Futures are higher; moving up after sharp decline at 8:30 AM to negative Below a down trend line from the high Odds are for an up to sideway day – watch for break above 2774.50 and break below 2766.75 for change of fortunes Key economic data due: CPI (0.1% vs. 0.1% est.) and Core CPI (0.3%…
Directional Bias For The Day: S&P Futures are higher; moving up since 5:30 AM on January 10 At 78.6% Fibonacci retracement level of the decline on January 9 & 10 Odds are for an up day – watch for break below 2747.75 for change of fortunes Key economic data due: PPI (-0.1% vs. 0.2% est.) and Core PPI (-0.1% vs. 0.2% est.)…
Directional Bias For The Day: S&P Futures are lower; moving down since 2:00 PM on January 9 Below a down trend line from the highs on 30-min chart; emerging head-&-shoulder pattern Emerging up-sloping bear flag on 15-min chart Odds are for a down day – watch for break above 2749.25 for change of fortunes Key economic data due: Import Prices (0.1% vs.…
Directional Bias For The Day: S&P Futures are higher; moved sideways from 1:30 PM on January 8 to 7:30 AM Odds are for an up day – watch for break below 2742.75 for change of fortunes No Key economic data due: Markets Around The World Markets in the East closed mostly higher – Seoul was lower European markets are up Currencies: Up…
Directional Bias For The Day: S&P Futures are higher; moving lower since 6:30 PM on January 7; Odds are for a sideways to down – watch for break below 2744.25 for change of fortunes No Key economic data due: Markets Around The World Markets in the East closed higher – Tokyo was closed European markets are mostly up – U.K. and Switzerland are…
You must be logged in to post a comment.