Directional Bias for the Day: S&P Futures are a little higher. They have been declining since 4:45 AM–down more than 50 points from the high of 5845.00. Broke below a trading range at 6:45 AM–the 61.8% extension target around 5788.00 is achieved. The 100% extension target is around 5776.00, and the 161.8% extension target is…
Directional Bias for the Day: S&P Futures are lower. They have been declining since 3:45 AM–down more than 60 points from the high of 5878.00. Odds are for a down day with increased volatility. Watch for a break above 5835.75 and a break above 5847.00. No notable economic data is due during the day. Weekly:…
Directional Bias for the Day: S&P Futures are higher. The futures have been moving higher since 7:30 PM on Sunday–up more than 50 points. The futures have retreated from the high around 6000.00 at 7:00 AM. Odds are for an up day with increased volatility and a good chance of a sideways to down move…
Directional Bias for the Day: S&P Futures are higher. The futures have been trending within a range since the NYSE close. Odds are for a sideways day with increased volatility. For clarity watch for a break above 5900.50 or a break below 5858.50. The notable economic data due during the day: Core PCE Price Index…
Directional Bias for the Day: S&P Futures are higher. Futures have been trending up since making a low of 5945.50 at 2:00 PM on Wednesday. Up more than 60 points. Odds are for an up day with increased volatility. There is a good chance to move sideways to down from the pre-NYSE open levels around…
Directional Bias for the Day: S&P Futures are higher. Futures have been drifting higher since the Asian session–up more than 25 points since 9:00 PM and more than 75 points from Tuesday’s lows. Odds are for an up day with increased volatility. A good chance to move sideways to down from the pre-NYSE open levels…
Directional Bias for the Day: S&P Futures are a bit lower. Futures are declining from a resistance level since 8:30 AM. Odds are for a choppy day. Watch for a break above 6010.75 or a break below 6993.75 for clarity. Odds are for a down day. Watch for a break above 6038.75 for a bounce,…
Directional Bias for the Day: S&P Futures are sharply lower. Futures declined more than 70 points minutes after the release of the CPI data at 8:30 AM. Odds are for a down day. Watch for a break above 6038.75 for a bounce, which could be a dead-cat-bounce. The notable economic data due during the day:…
Directional Bias for the Day: S&P Futures are a little changed at 8:45 AM; after the Non-Farm Payroll release; futures are moving within a range since Thursday’s close. Odds are for a sideways to an up day. Watch for a break above 6112.00 or a break below 6086.50 for clarity. The notable economic data due…
Directional Bias for the Day: S&P Futures are higher at 8:45 AM; futures are moving within a range since Wednesday’s close. Odds are for a sideways to an up day. Watch for a break above 6105.00 or a break below 6086.50 for clarity. The notable economic data due during the day: Unemployment Claims (219K vs.…
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