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…

Morning Notes – Friday August 16, 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 2861.50 for change of fortune Key economic data due: Building Permits ( 1.34 M vs. 1.27M est. ; prev. 1.23M ) at 8:30 AM Housing Starts ( 1.19M vs. 1.26M est.…

Morning Notes – Thursday August 15, 2019

Directional Bias For The Day: S&P Futures are higher; The odds are for a highly volatile and choppy day Key economic data due: Retail Sales (0.7% vs. 0.3% est.; prev. 0.4%) at 8:30 AM Core Retail Sales (1.0% vs. 0.4% est.; prev. 0.4%) at 8:30 AM Philly Fed Manufacturing Index (16.8 vs. 10.1 est.; prev.…