Directional Bias For The Day: S&P Futures are lower; The odds are for a down day with a good chance of sideways to up move from the pre-open levels around 3910.00 – watch for a break above 3925.75 and break below 3896.50 for clarity Key economic data report due during the day: Prelim GDP (…
Directional Bias For The Day: S&P Futures are little changed; Futures are declining since 7:45 from a high of 3896.50, a resistance zone; gave up all pre-open gains The odds are for a sideways day within a large range – watch for a break above 3896.50 and break below 3851.75 for clarity Key economic data…
Directional Bias For The Day: S&P Futures are lower; The odds are for a down day with a good chance of sideways move from pre-open levels – watch for a break above 3868.25 for a change of fortunes Key economic data report due during the day: HPI ( 1.1% vs. 1.0% est.; prev. 1.0%) at…
Directional Bias For The Day: S&P Futures are higher; The odds are for an up day with a good chance of sideways move from pre-open levels – watch for a break below 3903.50 for change of fortunes Key economic data report due during the day: Flash Manufacturing PMI ( 58.4 est.; prev. 59.2) at 9:45…
Before the NYSE session-open on Thursday, February 18, an uneven Head-&-Shoulder pattern is emerging on the Emini futures 240-minute chart. The Left Shoulder formed at around 3928.50 on February 10 morning. The Head formed around 3959.25 on February 15 evening. The Right Shoulder seems formed around 3936.00 on February 17 evening. The potential Neckline is…
Directional Bias For The Day: S&P Futures are lower; The odds are for a down day with a good chance of sideways move from pre-open levels – watch for a break above 3913.50 for change of fortunes Key economic data report due during the day: Philly Fed Manufacturing Index ( 23.1 vs.20.3 est.; prev. 26.5)…
The investor optimism is quite elevated as witnessed by the all-time high levels of major indices. Investors are buying equities and selling long-dated Treasuries – the yields on 30-year US Treasury are at the highest level since mid-January 2020 after breaking above many resistance levels. Many areas of the economy are still depressed but prominent…
Directional Bias For The Day: S&P Futures are lower; The odds are for a sideways to a down day – watch for a break above 3936.75 and break below 3913.00 for clarity Key economic data report due during the day: Retail Sales ( 5.3% vs.1.1% est.; prev. -0.7%) at 8:30 AM Core Retail Sales (…
Directional Bias For The Day: S&P Futures are higher; The odds are for a sideways to an up day – watch for a break above 3954.00 and break below 3928.50 for clarity Key economic data report due during the day: Empire State Manufacturing Index ( 12.1 vs. 6.2 est.; prev. 3.5) at 8:30 AM Directional…
Directional Bias For The Day: S&P Futures are higher; The odds are for a sideways to an up day – watch for a break above 3843.50 and break below 3811.25 for clarity Key economic data report due during the day: Unemployment Claims ( 779K vs. 828K est.; prev. 812K) at 8:30 AM Prelim Nonforam Productivity…
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