Morning Notes – Wednesday October 23, 2019

Directional Bias For The Day: S&P Futures are lower to sideways; The odds are for a sideways to down day – watch for break above 2997.75 for change of fortune No key economic data due: Directional Bias Before Open: Weekly: Uptrend Daily: Confirmed Uptrend 120-Min:Side 30-Min: Side-Down 15-Min: Down-Side 6-Min: Side Key Levels: Critical support…

Morning Notes – Tuesday October 22, 2019

Directional Bias For The Day: S&P Futures are higher; The odds are for a sideways to up day – watch for break above 3014.25 and break below 3000.75 for clarity Key economic data due: Existing Home Sales (5.45M est.; prev. 5.49M) at 10:10 AM Richmond Manufacturing Index (-7 est.; prev. -9) at 10;00 AM Directional…

Morning Notes – Monday October 21, 2019

Directional Bias For The Day: S&P Futures are higher; The odds are for a sideways to up day – watch for break above 3001.25 and break below 2992.25 for clarity No key economic data due: Directional Bias Before Open: Weekly: Uptrend Daily: Confirmed Uptrend 120-Min:Side-Up 30-Min: Side 15-Min: Side-Up 6-Min: Up Key Levels: Critical support…

Morning Notes – Tuesday October 1, 2019

Directional Bias For The Day: S&P Futures are higher; The odds are for a sideways to up day – watch for break above 2994.50 and break below 2982.75 for clarity Key economic data due: ISM Manufacturing PMI ( 50.4 est.; prev. 49.1 ) at 10:00 AM Construction Spending (0.5% est.; prev. 0.1%) at 10:00 AM…

Morning Notes – Tuesday September 3, 2019

Directional Bias For The Day: S&P Futures are lower; The odds are for a down day – watch for break above 2913.75 for change of fortune Key economic data due: ISM Manufacturing PMI ( 51.2 est.; prev. 51.2 ) at 10:00 AM Construction Spending  (0.3% est.; prev. -1.3%) at 10:00 AM ISM Manufacturing Prices (…

Morning Notes – Friday August 30, 2019

Directional Bias For The Day: S&P Futures are higher; The odds are for an up day – watch for break below 2934.25 for change of fortune Key economic data due: Personal Spending (0.6% vs. 0.5% est.; prev. 0.3%) at 8:30 AM Core PCE Price Index (0.2% vs. 0.3% est.; prev. 0.2%) at 8:30 AM Personal…

Morning Notes – Thursday August 29, 2019

Directional Bias For The Day: S&P Futures are higher; The odds are for an up day with elevated volatility – watch for break below 2906.25 for change of fortune  Key economic data due: Prelim GDP (2.0% vs. 2.0% est.; prev. 2.1%) at 8:30 AM Goods Trade Balance (-72.3B vs. -74.0B est.; prev. -74.2B) at 8:30…

Morning Notes – Wednesday August 28, 2019

Directional Bias For The Day: S&P Futures are lower; The odds are for a down day with elevated volatility – watch for break above 2878.00 for change of fortune The 61.8% Fibonacci retracement of the big decline on Friday – from 2936.50 to 2810.25 – is achieved near 2888.00; the 78.6% Fibonacci retracement is near…

Morning Notes – Tuesday August 27, 2019

Directional Bias For The Day: S&P Futures are higher; The odds are for an up day with elevated volatility – watch for break below 2869.25 for change of fortune The 61.8% Fibonacci retracement of the big decline on Friday – from 2936.50 to 2810.25 – is achieved near 2888.00; the 78.6% Fibonacci retracement is near…

Morning Notes – Monday August 26, 2019

Directional Bias For The Day: S&P Futures are higher; The odds are for an up day with elevated volatility – watch for break below 2863.50 for change of fortune The 61.8% Fibonacci retracement of the big decline on Friday – from 2936.50 to 2810.25 – is achieved near 2888.00; the 78.6% Fibonacci retracement is near…