Directional Bias for the Day: S&P Futures are higher at 8:45 AM. Moving within a range. Odds are for a sideways day. Watch for a break below 5771.75 or a break above 5793.50 for clarity. The major economic data due during the day: S&P/CS Composite-20 HPI (5.9% vs. 5.9% est.; prev. 6.5%) at 9:00 AM.…
Directional Bias for the Day: S&P Futures are higher at 9:00 AM. Up more than 30 points since 3:00 AM. Odds are for a sideways to up day. Watch for a break below 5745.25 or a break above 5781.75 for clarity. The major economic data due during the day: Flash Manufacturing PMI (48.6 est.; prev.…
Directional Bias for the Day: S&P Futures are lower at 8:30 AM. Moving sideways to down since 3:45 PM on Thursday between 5778.50 and 5759.00 Odds are for a sideways to down day. Watch for a break above 5778.75 or a break below 5759.00 for clarity. No major economic data is due during the day.…
Directional Bias for the Day: S&P Futures are higher at 9:00 AM. Moving up since 3:45 PM on Wednesday. Up more than 100 points. Odds are for an up day with elevated volatility and a good chance of sideways to down move from the pre-open level around 5775.00 – watch for a break above 5778.75…
Directional Bias for the Day: S&P Futures are up at 8:15 AM. Moving sideways between 5711.00 and 5698.25 since 4:00 PM on Tuesday. Awaiting the FOMC decision and the press conference later in the afternoon. Odds are for a sideways day until the Fed event. Elevated volatility after the event. The economic data due during…
Directional Bias for the Day: S&P Futures are up at 9:00 AM. Moving up since 11:30 PM on Monday. Up more than 30 points. Odds are for an up day. Watch for a break below 5690.75 for a change in sentiments. The economic data due during the day: Retail Sales (0.1% vs. -0.2% est.; prev.…
Directional Bias for the Day: S&P Futures are a bit down at 9:00 AM. Moving sideways since Friday afternoon within a narrow range. Odds are for a sideways to down day. Watch for a break above 5699.00 for a change in sentiments. The economic data due during the day: Empire State Manufacturing Index (11.5 vs.…
Directional Bias for the Day: S&P Futures are higher at 9:00 AM. Moving sideways since 4:00 PM on Wednesday within a narrow range. Odds are for a sideways day. Watch for a break above 5577.50 or a break below 5634.00 for clarity. The economic data due during the day: PPI m/m (0.2% vs. 0.1% est.;…
Directional Bias for the Day: S&P Futures are lower at 9:00 AM. Moving up since the CPI report release at 8:30 AM. Up more than 30 points. Odds are for an up day with elevated volatility. Watch for a break below 5469.25 for a change of sentiments. The economic data due during the day: CPI…
Directional Bias for the Day: S&P Futures are higher at 8:30 AM. Moving up from 5462.50 since 5:15 AM after moving sideways during the Asian session. Up more than 30 points. Odds are for an up day with elevated volatility. Watch for a break below 5462.50 for a change of sentiments. The economic data due…
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