Directional Bias For The Day: S&P Futures are higher; moving higher since 10:30 PM on Tuesday Competing patterns in play – bullish inverse head-&-shoulder pattern on 30-minute chart and bearish engulfing on daily chart and an up-sloping flag on 30-minute chart; resistance to overcome between 2764.00 and 2770.00, i.e. between 50% and 61.8% retracement of bearish engulfing candle Odds are…

Directional Bias For The Day: S&P Futures are lower from previous close but above from NYSE session close Moving slightly down since 8:30 PM on Monday forming a down-sloping flag on 30-Minute chart Odds are for a sideways to an up day – watch for break above 2784.5o and break below 2774.50 for a change of fortunes Key economic data: Core Durable…

Directional Bias For The Day: S&P Futures are higher; moving mostly sideways since 4:00 AM Breaking above a narrow horizontal channel on 15-min chart – 100% extension target near 2766.50; 161.8% extension of a symmetrical triangle on 30-min chart is near 2781.00 Odds are for an up day – watch for break below 2751.25 for a change of fortunes No…

Directional Bias For The Day: S&P Futures are higher; moving mostly sideways since 7:30 PM on Thursday Emerging symmetrical triangle on 30-minute charts since 12:00 PM on Thursday Odds are for an up day but mostly sideways from pre-open level – watch for break above 2727.75 and below 2713.00 for a change of fortunes No Key economic data due Markets Around…

Directional Bias For The Day: S&P Futures are higher; moving higher since 8:00 PM on Wednesday Odds are for an up day – watch for break below 2702.25 for a change of fortunes Key economic data due: Unemployment Claims (222K vs. 230K est.) at 8:30 AM Markets Around The World Markets in the East were mostly down – Sydney was up; Shanghai…

Directional Bias For The Day: S&P Futures are almost unchanged; moving higher after making a double bottom at 4:00 AM; break above 2718.75 will confirm the pattern Odds are for a sideways to down day – watch for break above 2721.25 and break below 2706.50 for a change of fortunes Key economic data due: Exiting Home Sales (est. 5.61M) at…

Directional Bias For The Day: S&P Futures are lower; moving lower since 12:30 AM on February 16 Odds are for a down day – watch for break above 2731.50 for a change of fortunes No Key economic data due: Markets Around The World Markets in the East were mostly down – Shanghai was closed European markets are mostly up – U.K. is…

Directional Bias For The Day: S&P Futures are higher; moving higher since 9:00 AM on February 14 Odds are for an up day – watch for break below 2704.00 for a change of fortunes Key economic data due: PPI (0.4% vs. 0.4% est.) and Core PPI (0.4% vs. 0.2% est.) at 8:30 AM Empire State Manufacturing Index (13.1 vs. 17.7…

Directional Bias For The Day: S&P Futures are lower; they were higher before CPI news Sharp decline following news from a high of 2675.75 to a low of 2627.00 Odds are for a down to sideways day but with elevated levels of volatility – watch for break above 2675.75 and break below 2627.00 for a change of fortunes Key economic data due:…