Morning Notes – Wednesday February 20, 2019

Directional Bias For The Day: S&P Futures are lower; moving sideways since 4:00 PM on Tuesday; Odds are for a sideways to an up day – watch for break above 2782.25 and below 2766.00 for clarity No Key economic data due: Sentiment & Catalyst No discernible sentiment moving catalyst Markets Around The World Markets in the East closed mostly higher…

Morning Notes – Tuesday February 19, 2019

Directional Bias For The Day: S&P Futures are lower; moving down since 4:00 AM; Odds are for a sideways to up day – watch for break above 2771.25 and below 2766.75 for clarity No Key economic data due: Sentiment & Catalyst No discernible sentiment Markets Around The World Markets in the East closed mixed- Shanghai, Tokyo and Sydney closed up; Hong Kong,…

Morning Notes – Friday February 15, 2019

Directional Bias For The Day: S&P Futures are higher; moving up since 2:30 AM; breaking above a descending triangle on 30-minute chart Odds are for an up day – watch for break below 2744.50 for change of fortune Key economic data due: Empire State Manufacturing Index (est. 7.1; prev. 3.9) at 8:30 AM Import Prices (est. -0.1%; prev. -1.0%) at 8:30 AM…

Morning Notes – Thursday February 14, 2019

Directional Bias For The Day: S&P Futures are higher; down bias since 3:00 AM; sharp down move since 8:30 AM following Retail Sales data Odds are for a down day – watch for break above 2761.00 for change of fortune Key economic data due: Retail Sales (-1.2% vs. 0.1% est. and 0.1% prev.) at 8:30 AM Core Retail Sales (-1.8%…

Morning Notes – Tuesday February 12, 2019

Directional Bias For The Day: S&P Futures are higher; moving up since 2:30 PM on Monday; Odds are for an up day – watch for break below 2720.25 for change of fortune Key economic data due: JOTS Jobs Openings (est. 6.84M; prev. 6.89M) at 10:00 AM Sentiment & Catalyst Risk-on sentiment due to potential avoidance of government shutdown Markets Around…

Morning Notes – Monday February 11, 2019

Directional Bias For The Day: S&P Futures are higher; moving sideways to up since 4:00 AM; Odds are for sideways to up day – watch for break below 2711.75 and above 2721.50 for more calrity No key economic data due: Markets Around The World Markets in the East closed mixed – Hong Kong, Seoul and Singapore were up; Sydney and…

Morning Notes – Friday February 8, 2019

Directional Bias For The Day: S&P Futures are lower; moving up since 7:00 AM; emerging descending (or symmetrical)triangle since the NYSE close on Thursday Odds are for a down day – watch for break below 2699.25 for change of fortune No key economic data due: Markets Around The World Markets in the East closed mostly down – Singapore was up; Shanghai was…

Morning Notes – Thursday February 7, 2019

Directional Bias For The Day: S&P Futures are lower; moving down since 11:00 AM on Wednesday Odds are for a down day – watch for break above 2725.75 for change of fortune Key economic data due: Unemployment Claims (230K vs. 220K est.; prev. 253K) at 8:30 AM Markets Around The World Markets in the East closed mixed – Tokyo, Mumbai…

Morning Notes – Wednesday February 6, 2019

Directional Bias For The Day: S&P Futures are not much changed from 9:3-0 AM on Tuesday; moving up since 4:30 from 2724.50 Odds are for sideways to an up day – watch for break below 2724.50 for change of fortune No Key economic data due: Markets Around The World Markets in the East closed up – Shanghai, Hong Kong, Seoul…