Morning Notes – Thursday, January 4, 2024

Directional Bias for the Day: S&P Futures are a tad lower at 8:00 AM – moving within a trading range between 4757.00 and 4741.00 since 3:45 PM. The odds are a sideways to a down day – watch for a break above 4757.00 or a break below 4741.00 for clarity. The major economic data reports…

Morning Notes – Wednesday, January 3, 2024

Directional Bias for the Day: S&P Futures are lower at 8:00 AM – moving down since 6:00 PM – down more than 20 points to around 4767.00. The odds are a down day – watch for a break above 4780.00 for a change of sentiments. The major economic data reports due during the day: ISM…

Morning Notes – Tuesday, January 2, 2024

Directional Bias for the Day: S&P Futures are lower at 8:45 AM – moving down since 3:30 AM – down more than 45 points to around 4782.00. The odds are a down day – watch for a break above 4796.75 for a change of sentiments. The major economic data reports due during the day: Final…

Morning Notes – Wednesday, December 6, 2023

Directional Bias for the Day: S&P Futures are higher at 8:30 AM – broke above a down-sloping flag on the 15-minute chart following the ADP jobs report at 8:15 AM. Up more than ten points from the 7:15 AM low of 4580.00. The odds are an up day – watch for a break below 4580.00…

Morning Notes – Tuesday, December 5, 2023

Directional Bias for the Day: S&P Futures are lower at 8:30 AM – near moving within a trading range between 4569.00 and 45500. since 1:00 AM – near the upper bound of the range The odds are for a down day with a good chance of a sideways to an up move from the pre-open…

Morning Notes – Thursday, November 30, 2023

Directional Bias for the Day: S&P Futures are higher at 9:00 AM – declined more than ten points from a high of 4578.25 at 8:45 AM after rising more than twenty points from 3:45 AM The odds are for a sideways to a down with elevated volatility – watch for a break above 4578.25 and…

Morning Notes – Tuesday, November 28, 2023

Directional Bias for the Day: S&P Futures are lower at 9:00 AM – moving sideways to 2:00 AM on Monday The odds are for a down day – watch for a break above 4560.50 for a change of sentiments. The major economic data reports due during the day: S&P/CS Composite-20 HPI (3.9% vs. 4.0% est.;…

Morning Notes – Thursday, November 2, 2023

Directional Bias For The Day: S&P Futures are higher at 9:00 AM – moving up since 2:45 AM after a sideways drift that lasted a few hours The odds are for an up day with elevated volatility – watch for a break below 4274.250 for a change of sentiments The major economic data reports due…