Morning Notes – Friday March 22, 2019

Directional Bias For The Day: S&P Futures are lower; moving  down since 4:00 AM; Odds are for a down to sideways  day with elevated volatility  – watch for break above 2852.00 for change of fortune Key economic data due: Existing Home Sales (est. 5.10M; prev. 4.94M) at 9:45 AM Risk-off sentiment due to weak economic…

Morning Notes – Thursday March 21, 2019

Directional Bias For The Day: S&P Futures are lower; moving  down since 6:30 AM; at a resistance-turned-support level Odds are for a sideways to down day with potential for a bounce – watch for break above 2827.25 for change of fortune Key economic data due: Philly Fed Manufacturing Index (13.7 vs. 4.6 est.; prev. -4.1)…

Morning Notes – Tuesday March 19, 2019

Directional Bias For The Day: S&P Futures are higher; moving  sideways since 6:45 AM Odds are for a sideways to an up day – watch for break below 2847.50 for change of fortune Key economic data due: Start of two-day FOMC meeting Markets Around The World Markets in the East closed mixed – Shanghai, Tokyo,…

Morning Notes – Monday March 18, 2019

Directional Bias For The Day: S&P Futures are little changed; moving mostly sideways since 12:00 PM on Friday Odds are for a sideways to an up day – watch for break below 2828.50 for change of fortune No key economic data due: Markets Around The World Markets in the East closed up European markets are…

Morning Notes – Thursday March 14, 2019

Directional Bias For The Day: S&P Futures are lower; moving within a down-sloping channel since 11:00 AM on Wednesday Odds are for a sideways to an up day with chance for a breakout – watch for break below 2811.50 for change of fortune Key economic data due: Unemployment Claims (229K vs. 225K est.; prev., 223K)…

Morning Notes – Tuesday March 12, 2019

Directional Bias For The Day: S&P Futures are higher; moving mostly sideways to down since reaching a high of 2799.00 at 6:30 PM on Monday Odds are for a sideways to down day with elevated volatility – watch for break above 27497.00 and below 2785.50 for clarity Key economic data due: Core CPI (0.1% vs.…

Morning Notes – Monday March 11, 2019

Directional Bias For The Day: S&P Futures are higher; moving mostly sideways to up since 9:15 PM on Sunday Odds are for an up day with elevated volatility – watch for break below 2748.25 for change of fortune Key economic data due: Core Retail Sales (0.9% vs. 0.4% est.; prev. -2.1%) at 8:30 AM Retail…

Morning Notes – Friday March 8, 2019

Directional Bias For The Day: S&P Futures are down; moving mostly sideways since 2:00 AM Odds are for a down day with elevated volatility – watch for break above 2750.50 for change of fortune Key economic data due: Non-Farm Employment Change (est. 180K;prev. 304K ) at 8:30 AM Unemployment Rate (est. 3.9%; prev. 4.0%) at 8:30…