Morning Notes – Thursday, August 10, 2023

Directional Bias For The Day: S&P Futures are higher at 9:00 AM. Higher volatility following the CPI report at 8:30 AM The odds are for an up day – watch for a break below 4492.00 for a change of sentiments The major economic data report due during the day: CPI m/m ( 0.2% vs. 0.2%…

Morning Notes – Wednesday, August 9, 2023

Directional Bias For The Day: S&P Futures are higher at 8:30 AM. Futures are moving sideways since 5:00 AM. The odds are for an up day – watch for a break below 4523.00 and 4515.50 for a change of sentiments No major economic data report is due during the day Directional Bias Before Open: Weekly:…

Morning Notes – Tuesday, August 8, 2023

Directional Bias For The Day: S&P Futures are lower at 8:30 AM. Futures are down more than 50 points since 4:45 PM on Monday. The odds are for a down day with elevated volatility – watch for a break above 4520.25 and 4529.25 for a change of sentiments The major economic data reports due during…

Morning Notes – Monday, August 7, 2023

Directional Bias For The Day: S&P Futures are higher at 8:45 AM. Futures are up more than 12 points since 6:30 AM but are within a trading range between 4522.00 and 4504.00 The odds are for an up day, within a down daily bias, with elevated volatility – watch for a break below 4504.75 for…

Morning Notes – Friday, August 4, 2023

Directional Bias For The Day: S&P Futures are higher at 8:30 AM. Futures first declined from 4547.00 at 4:00 AM to 4519.25 at 7:45 AM, then bounced up to 4535.75 at 8:30 AM, and then started to decline following the release of the Non-Farm, Payroll report at 8:30 AM. The odds are for an up…

Morning Notes – Thursday, August 3, 2023

Directional Bias For The Day: S&P Futures are lower at 9:0 AM. The bounce up from a low of 4510.25 at 3:45 AM is faltering The odds are for a down day – watch for a break above 4531.75 and 4547.50 for a change of sentiments The major economic data reports due during the day:…

Morning Notes – Wednesday, August 2, 2023

Directional Bias For The Day: S&P Futures are lower at 8:15 AM. Futures have bounced up more than 25 points from the 4:00 AM low of 4552.25 but are still below the down gap created at 6:00 PM The odds are for a down day – watch for a break above 4583.50 and 4593.50 for…

Morning Notes – Tuesday, August 1, 2023

Directional Bias For The Day: S&P Futures are lower at 8:45 AM. Futures have been moving down since 9:45 AM – down more than 25 points; broke below a support level around 4600.00 The odds are for a down day – watch for a break above 4608.50 for a change of sentiments The major economic…

Morning Notes – Friday, July 28, 2023

Directional Bias For The Day: S&P Futures are higher at 9:15 AM. Futures have been moving up since 12:30 AMĀ  – up more than 35 points from 4558.00 The odds are for an up day – watch for a break below 4579.00 for a change of sentiments The major economic data reports due during the…

Morning Notes – Thursday, July 27, 2023

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…