Directional Bias for the Day: S&P Futures are higher at 9:00 AM – moved up by more than 40 points following the release of the economic reports at 8:30 AM. The odds are for an up day with elevated volatility – watch for a break below 5487.00 for a change of sentiments. The major economic…
Directional Bias for the Day: S&P Futures have been moving sideways within a narrow – 12 points – range since 3:30 PM on Tuesday. The market is awaiting the release of the CPI report with bated breath. The odds are for a volatile day or trading – watch for a break above 5462.50 or a…
Directional Bias for the Day: S&P Futures are higher at 8:45 AM – moved up more than 30 points since 6:45 AM. The odds are for an up day with elevated volatility; watch for a break below 5384.75 for a change in sentiments. The major economic data due during the day: PPI (-0.3% vs. 0.2%…
Directional Bias for the Day: S&P Futures are higher at 9:00 AM – moving up in an up-sloping flag since 8:30 AM on Friday. The odds are for a sideways to an up day with elevated volatility; watch for a break above 5389.50 and a break below 5366.00 for clarity. No major economic data is…
Directional Bias for the Day: S&P Futures are lower at 8:30 AM – moving down since 4:45 AM from a resistance level around 4372.00 and broke below the support at 5228.50. The odds are for a down day with elevated volatility; watch for a break above 5351.75, the high of 7:30 AM, for a change…
Directional Bias for the Day: S&P Futures are higher at 9:00 AM – moving up since 8:30 AM after moving sideways since the opening of the Asian markets. The odds are for an up day with elevated volatility – watch for a break below 5236.50 for a change of sentiments. The major economic data report…
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 9:00 AM – moving above a cup-with-handle pattern on the 15-minute chart. The odds are for an up day – watch for a break below 5051.50 for a change of sentiments. The major economic data report due during the day: Flash Manufacturing PMI (52.0 est.;…
Directional Bias for the Day: S&P Futures are higher at 8:30 AM but moving within a trading range between 5084.25 and 5063.75 since 9:45 PM. The odds are for a sideways to an up day – watch for a break above 5084.25 or a break below 5063.75 for clarity. The major economic data report due…
Directional Bias for the Day: S&P Futures are higher at 9:00 AM. Futures have been moving sideways since 8:00 PM on Monday within a 50-point range. The odds are for a sideways to an up day – watch for a break above 5123.25 or a break below 5075.75 for clarity. The major economic data report…
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