Morning Notes – Tuesday February 11, 2020

Directional Bias For The Day: S&P Futures are higher; The odds are for an up day; watch for break below 3355.25 for change of fortune Key economic data due: Fed Chair Powell’s Humphrey-Hawkins Testimony JOLTS Job Openings ( est. 6.93M; prev 6.80 M) at 10;00 AM Directional Bias Before Open: Weekly: Uptrend Daily: Uptrend Under…

Morning Notes – Tuesday February 4, 2020

Directional Bias For The Day: S&P Futures are higher; The odds are for an up day with elevated volatility Key economic data due: Factory Orders ( 0.7% est.; prev. -0.7% ) at 10;00 AM Directional Bias Before Open: Weekly: Uptrend Daily: Uptrend Under Pressure 120-Min: Side 30-Min: Up 15-Min: Up 6-Min: Up-Side Key Levels: Critical…

Morning Notes – Monday February 3, 2020

Directional Bias For The Day: S&P Futures are higher; The odds are for an up day with elevated volatility Key economic data due: Final Manufacturing PMI (51.9 vs. 51.7 est.; prev. 51.7) at 9:45 AM ISM Manufacturing PMI ( 50.9 vs. 48.5 est.; prev. 472. ) at 10:00 AM Construction Spending ( -0.2% vs. 0.35%…

Morning Notes – Tuesday January 28, 2020

Directional Bias For The Day: S&P Futures are higher; The odds are for an up day with elevated volatility Futures are up nearly 20 points and there is great chance that the next move could be sideways from pre-open low levels Key economic data due: Durable Goods ( 2.4% vs. 1.2% est. ; prev. -2.1%…

Morning Notes – Monday January 27, 2020

Directional Bias For The Day: S&P Futures are lower; The odds are for a down day with elevated volatility Futures are sharply down at the open and there is great chance of a bounce from pre-open low levels Key economic data due: New Home Sales ( est. 730K; prev. 719K) at 10:00 AM Directional Bias…

Morning Notes – Wednesday January 22, 2020

Directional Bias For The Day: S&P Futures are higher; The odds are for an up day – watch for break below 3319.25 for change of fortune Key economic data due: Existing Home Sales ( est. 5.43M; prev. 5.35M) at 10:00 AM Directional Bias Before Open: Weekly: Uptrend Daily: Uptrend 120-Min: Up 30-Min: Side-Up 15-Min: Up-Side…

Morning Notes – Tuesday January 21, 2020

Directional Bias For The Day: S&P Futures are lower; The odds are for a down day – watch for break above 3323.25 for change of fortune No key economic data due: Directional Bias Before Open: Weekly: Uptrend Daily: Uptrend 120-Min: Up-Side 30-Min: Up-Side 15-Min: Down-Side 6-Min: Side Key Levels: Critical support levels for S&P 500…

Morning Notes – Friday January 17, 2020

Directional Bias For The Day: S&P Futures are higher; The odds are for an up day – watch for break below 3317.50 for change of fortune Key economic data due: Building Permits ( 1.42M vs. 1.47M est.; prev. 1.47M) at 8:30 AM Housing Starts (1.61M vas. 1.38M est.; prev. 1.38M) at 8:30 AM Capacity Utilization…

Morning Notes – Thursday January 16, 2020

Directional Bias For The Day: S&P Futures are higher; The odds are for an up day – watch for break below 3294.50 for change of fortune Key economic data due: Retail Sales ( 0.3% vs. 0.3% est.; prev. 0.3%) at 8:30 AM Core Retail Sales (0.7% vs. 0.5% est.; prev. 0.1%) at 8:30 AM Philly…