Directional Bias For The Day: S&P Futures are moving sideways Odds are for an up day with elevated volatility – watch for break below 2674.25 for change of fortunes Key economic data due: Employment Cost Index (0.7% vs. 0.8% est.; prev. 0.8%) at 8:30 AM Unemployment Claims (253K vs. 215K est.; prev. 199K) at 8:30 AM Chicago PMI (est. 61.5; prev65.4) at 9:45 AM…

Directional Bias For The Day: S&P Futures are higher; moving higher since 2:30 PM; breaking above an ascending triangle on 30-minute chart Daily and weekly trends are down Odds are for an up day with elevated volatility – watch for break below 2644.75 for change of fortunes Key economic data due: ADP Non-Farm Employment Change (est. 180K; prev. 271K) at 8:15 AM Pending Home Sales (est.…

Directional Bias For The Day: S&P Futures are higher; moving higher since 8:30 PM on Monday in steps Daily and weekly trends are down Odds are for an up day with elevated volatility – watch for break below 2637.50 for change of fortunes Key economic data due: S&P/Case-Shiller Composite-20 HPI (est. 5.0%; prev. 5.0%) at 9:00 AM CB Consumer Confidence (est. 125; prev. 128.1) at 10:00…

Directional Bias For The Day: S&P Futures are lower; moving lower since 12:00 PM on Friday Daily and weekly trends are down Odds are for a down day with elevated volatility – watch for break above 2648.00 for change of fortunes No key economic data due: Markets Around The World Markets in the East closed mostly lower – Hong Kong was up and Sydney was closed European…

Directional Bias For The Day: S&P Futures are higher; moving mostly sideways since 3:30 PM on Tuesday Daily and weekly trends are down Odds are for an up day with elevated volatility – watch for break below 2602.50 for change of fortunes Key economic data due: Import Prices (est. -1.3%; -1.% prev.) at 8:30 AM NAHB Housing Market Index  (est. 56; 56 prev. ) at 10:00 AM Markets Around The World…

Directional Bias For The Day: S&P Futures are little changed; moving down since 0:30 AM after rising by nearly 20 points Daily and weekly trends are down Odds are for a sideways to down day with elevated volatility – watch for break above 2591.75 and break below 2577.00 for more clarity Key economic data due: PPI (est. -0.1%; 0.1% prev.) at 8:30 AM Core PPI (est. 0.2%; 0.31% prev.)…

Directional Bias For The Day: S&P Futures are lower; moving sideways since 9:00 PM n Sunday Daily and weekly trends are down Odds are for a sideways to down day with elevated volatility (sideways from pre-NYSE open level and down from last close)  – watch for break above 2578.25 and break below 2567.25 for more clarity No key economic data due Markets Around The World Markets…

Directional Bias For The Day: S&P Futures are lower; moving down since 4:30 AM Daily and weekly trends are down Odds are for a down day with elevated volatility – watch for break above 2590.75 for change of fortune Key economic data due: CPI ( -0.1% vs. -0.1% est.; 0.0% prev.) at 8:30 AM Core CPI ( 0.2% vs. 0.2% est.; 0.2% prev.) at 8:30 AM Markets Around The…

Directional Bias For The Day: S&P Futures are lower; moving sideways since 8:30 PM on Wednesday Daily and weekly trends are down Odds are for a sideways to down day (from pre-open level) with elevated volatility – watch for break above 2574.25 and break below 2565.25 for clarity Key economic data due: Unemployment Claims (216K vs. 226k est.; 233K prev.) at 8:30 AM Markets Around The World…

Directional Bias For The Day: S&P Futures are higher; moving sideways since 8:00 PM on Tuesday Horizontal channel emerging on 30-minute timeframe – high 2587.25 and low 2575.00 Daily and weekly trend is down Odds are for a sideways to down day (from pre-open level) with elevated volatility – watch for break above 2587.25 and break below 2575.00 for clarity Key economic data due: FOMC December…