Morning Notes – Friday December 14, 2018

Directional Bias For The Day: S&P Futures are lower; moving higher since 4:30 AM Odds are for a down day with choppiness and elevated volatility – watch for break above 2631.00 for change of fortune Key economic data due: Core Retail Sales (0.2% vs. 0.2% est. and 1.0% prev.) at 8:30 AM Retail Sales (0.2% vs. 0.1% est. and 1.1% prev.) at 8:30 AM Markets Around The World…

Morning Notes – Thursday December 13, 2018

Directional Bias For The Day: S&P Futures are higher; moving sideways to down up since 4:00 PM on Wednesday Odds are for a sideways to down day with choppiness and elevated volatility – watch for break above 2661.00 and break below 2648.00 for clarity Key economic data due: Unemployment Claims (206K vs. 226K est. and 233K prev.) at 8:30 AM Import Prices (-1.6%…

Morning Notes – Monday December 10, 2018

Directional Bias For The Day: S&P Futures are unchanged to lower; drifting mostly up since 6:45 PM on Sunday after gap down open for the week Odds are for a down day with choppiness and elevated volatility No key economic data due: Markets Around The World Markets in the East closed lower European markets are mostly lower – U.K. is higher Currencies: Up…

Morning Notes – Friday December 7, 2018

Directional Bias For The Day: S&P Futures are lower to unchanged; drifting mostly up since 3:00 AM Odds are for an up day with choppiness and elevated volatility Key economic data due: Non-Farm Employment Change (155K; 198K est.;  237K prev.) at 8:30 AM Unemployment Rate (3.7%; 3.7% est.; 3.7% prev. ) at 8:30 AM Average Hourly Earnings (0.2%; 0.3% est.; 0.1%…

Morning Notes – Thursday December 6, 2018

Directional Bias For The Day: S&P Futures are lower; drifting up since 5:00 AM Odds are for a down day with increased choppiness and elevated volatility Key economic data due: Unemployment Claims (231K vs. 226K est. and 235K prev.) at 8:30 AM Revised Unit Labor Costs (0.1% vs. 1.1% est. and 1.2% prev.) at 8:30 AM ISM Non-Manufacturing…

Morning Notes – Monday December 3, 2018

Directional Bias For The Day: S&P Futures are higher; drifting down since 3:30 AM and lower by 15 points from the high of 2814.00; Odds are for an up day with high probability of moving sideways from the pre-open session – watch for break above 2801.00 and break below 2793.00 for clarity Key economic data due: ISM Manufacturing PMI (est.…

Morning Notes – Friday November 30, 2018

Directional Bias For The Day: S&P Futures are lower; drifting down since 3:00 PM on Thursday after making bearish RSI divergences on 30-minute and 120-minute timeframes Odds are for a down day – watch for break above 2740.75 for change of fortune Key economic data due: G20 Meeting Markets Around The World Markets in the East closed mostly lower – Sydney and Seoul were…

Morning Notes – Thursday November 29, 2018

Directional Bias For The Day: S&P Futures are lower; drifting down since NYSE session lose on Wednesday Odds are for a sideways to down day – watch for break above 2744.00 for change of fortune Key economic data due: Core PCE Price Index (0.1% vs. 0.2% est. and 0.2% prev.) at 8:30 AM Personal Spending (0.6% vs. 0.4% est. and 0.2% prev.) at…