Directional Bias for the Day: S&P Futures are lower at 9:00 AM – moving down since 4:15 AM – down more than 30 points The odds are for a down day – watch for a break below 5640.25 for a change of sentiments. The economic data due during the day: S&P/CS Composite-20 HPI (6.5% vs.…
Sell in May and Go Away is a popular stock market adage referring to its historical underperformance between May and October. However, during this period, too, the market is known to stage a rally that the Stock Trader’s Almanac calls the “summer rally,” albeit a short one and the weakest of all four seasons, within…
Directional Bias for the Day: S&P Futures are higher at 9:00 AM – moving sideways to downs since Tuesday’s NYSE session close between 5128.75 and 5106.50. The odds are for a sideways to a down day – watch for a break above 5128.75 or a break below 5106.50 for clarity. The major economic data report…
Directional Bias for the Day: S&P Futures are higher at 8:00 AM – moving up since 11:45 Am – up more than 30 points. The odds are an up day – watch for a break below 4763.50 for a change of sentiments. The major economic data reports due during the day: Unemployment Claims (187K vs.…
Directional Bias for the Day: S&P Futures are lower at 8:30 AM – drifting down since 4:00 PM making a down-sloping flag, which is usually bullish if broken to the upside. The odds are for a down day with a good chance of reversal from the pre-open levels – watch for a break above 4790.00…
Directional Bias For The Day: S&P Futures are little changed at 9:00 AM – moving down since 8:00 AM after the release of the CPI data; down more than 20 points from the high of 4430.50 The odds are for a down day with a good chance of a sideways to down move from the…
Directional Bias For The Day: S&P Futures are higher at 9:15 AM. Futures have been moving up since 3:00 PM on Wednesday – up more than 50 points. The odds are for an up day – watch for a break below 4619.25 The major economic data reports due during the day: ECB Main Refinancing Rate…
Directional Bias For The Day: S&P Futures are a little lower at 9:00 AM. Futures are within an Ascending Triangle below a resistance level around 4279.00 The odds are for a sideways day to a down day – watch for a break above 4279.00 and a creak below 4262.75 for clarity The major economic data…
Directional Bias For The Day: S&P Futures are lower at 9:00 AM; they broke below an upsloping flag on the intraday chart at 8:15 AM The odds are for a down day with elevated volatility – watch for a break above 3995.25 for a change of sentiments The major economic data report is due during…
Directional Bias For The Day: S&P Futures are higher at 9:00 AM; the futures up more than 15 points since 7:30 AM to a Double Top resistance at 4237.5 The odds are for an up day with volatility and a good chance of moving sideways to down from the pre-open levels around 4235.00 – watch…
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