Morning Notes – Wednesday November 14, 2018

Directional Bias For The Day: S&P Futures are higher; moving higher since 4:00 AM from 2711.50 Odds are for an up day with elevated volatility – watch for break above 2726.75 for change of fortune Key economic data due: CPI (0.3% vs. 0.3% est. and 0.1% prev. ) at 8:30 AM Core CPI (0.25% vs. 0.2% est. and 0.1% prev.) at 8:30…

Morning Notes – Friday November 9, 2018

Directional Bias For The Day: S&P Futures are lower; moving lower since 11:30 PM on Thursday and broke below day’s low of 2795 at 3:30 AM; bouncing off the lows near 2789.00 and back to the congestion zone around 2795.00 Odds are for a down day – watch for break above 2799.75 for change of fortune Key economic data due:…

Morning Notes – Wednesday November 7, 2018

Directional Bias For The Day: S&P Futures are higher; moved lower from as high of 2787.00 at 5:00 AM Odds are for an up day with elevated volatility – watch for break below 2772.00 for change of fortune Key economic data due: Consumer Credit (est. 15.7B, prev. 20.1B) at 3:00 PM Markets Around The World Markets in the East closed mostly higher – Shanghai,…

Morning Notes – Tuesday November 6, 2018

Directional Bias For The Day: S&P Futures are lower; moving sideways to lower since 2:00 Pm on Monday Made a double top on 30-minute chart; broke below the intermediate low; 200% extension target near 2730 is achieved Odds are for a sideways day with choppiness and elevated volatility – watch for break above 2738.50 and break below 2729.75 for clarity No Key…

Morning Notes – Monday November 5, 2018

Directional Bias For The Day: S&P Futures are lower; moving sideways since 2:00 PM on Friday Odds are for a sideways to an up day with choppiness and elevated volatility – watch for break above 2729.50 and below 2714.00 for clarity Key economic data due: ISM Non-Manufacturing PMI (60.3 vs. 59.3 est. and 61.6 prev. ) at 10:00 AM Markets Around…

Morning Notes – Friday November 2, 2018

Directional Bias For The Day: S&P Futures are higher; moving lower since 7:45 after breaking above 2:15 AM high of 2764.00 by a tick; broken below the intermediate low of 2753.75 Potential double top pattern on 15-minute chart; 61.8% extension target is near 2747.50 and the 100% extension target is near 2743.50 Odds are for an up day with good chance…

Morning Notes – Thursday November 1, 2018

Directional Bias For The Day: S&P Futures are higher; moving lower since 7:30 AM; mostly moving up in an up-sloping channel since 3:45 PM on October 31 Odds are for an up to sideways day with choppiness and elevated volatility – watch for break above 2727.25 and break below 2707.25 for more clarity Key economic data due: Prelim Nonfarm Productivity (2.2%…

Morning Notes – Wednesday October 31, 2018

Directional Bias For The Day: S&P Futures are higher; moving higher since 1:30 PM on October 30 Odds are for an up and choppy day with elevated volatility – watch for break below 2696.25 for change of fortune Key economic data due: ADP Non-Farm Employment Change (27K vs. 188K est.) at 8:15 AM Employment Cost Index (0.8% vs. 0.7%…

Morning Notes – Tuesday October 30, 2018

Directional Bias For The Day: S&P Futures are lower; moving lower since 8:00 AM after rising from 3:30 PM on October 29 Odds are for a down and choppy day with elevated volatility Key economic data due: S&P/Case-Shiller Composite-20 HPI (5.5% vs. 6.0% est.) at 9:00 AM CB Consumer Confidence (est. 136.3) at 10:00 AM Markets Around The World…

Morning Notes – Monday October 29, 2018

Directional Bias For The Day: S&P Futures are higher; moving higher since 2:30 AM Odds are for an up and choppy day; elevated volatility Key economic data due: Core PCE Price Index (0.2% vs. 0.1% est.) at 8:30 AM Personal Spending (0.4% vs. 0,.4% est.) at 8:30 AM Personal Income (0.2% vs. 0.4% est.) at 8:30 AM Markets Around…