Morning Notes – Friday September 30, 2016

Directional Bias For The Day: The futures are drifting higher since 3:00 AM double bottom of 2135.75 Last trading day in September is bearish; it is usually up only 28.6% of times; down in last five years Odds are for a down day Key levels for eMini futures: break above 2153.75, September 29 2:30 PM high, for bulls and break below 2143, low of 6:30 AM, for bears…

Morning Notes – Thursday September 29, 2016

Directional Bias For The Day: The futures are drifting lower since 1:30 AM high of 2167 Second to last trading day in September is 57% bullish for S&P 500 – down three out of last six years Odds are for a down day Key levels for eMini futures: break above 2164, 7:30 AM high, for bulls and break below 2155 for bears Markets…

Morning Notes – Wednesday September 28, 2016

Directional Bias For The Day: The futures are unchanged but down from European session high of 2158.00 Third to last trading day in September is 61.9% bullish for S&P 500 – up three out of last six years Odds are for an up day Key levels for eMini futures: break above 2158, 4:00 AM high, for bulls and break below 2147,…

Morning Notes – Tuesday September 27, 2016

Directional Bias For The Day: The futures are sharply down from European session high of 2154.00 Odds are high for a down day S&P 500 has been down 7 out of last 8 years during the final five days of Q3 Key levels for eMini futures: break above 2147 for bulls and break below 2133 for bears Markets in…

Bonds Don’t Want to Decline

In early September, sovereign bond yields swooned higher from all time lows. But the bounce from low levels soon met with the resistance level and they are again lower. Checkout what chart and seasonal patterns are making it difficult for bonds to decline and yields to rise.

Morning Notes – Monday September 26, 2016

Directional Bias For The Day: The futures are sharply down Odds are high for a down day S&P 500 has been down 7 out of last 8 years during the final five days of Q3 Key levels for eMini futures: break above 2155 for bulls and break below 2131 for bears Markets in the East were mostly down – Australia was…

Morning Notes – Friday September 23, 2016

Directional Bias For The Day: The futures are drifting down since early Asian session S&P 500 has been down 5 out of last 6 Fridays Odds are for a down day Key levels for eMini futures: break above 2174 for bulls and break below 2152 for bears Markets in the East were mostly down – Australia and South Korea bucked…

Morning Notes – Thursday September 22, 2016

Directional Bias For The Day: The futures are up with a new leg starting in early European session Odds are for a follow-through on Wednesday’s rally, however further upside from current levels are limited Key levels for eMini futures: break above 2174 for bulls and break below 2152 for bears Markets in the East were mostly up – Japan…

Morning Notes – Wednesday September 21, 2016

Directional Bias For The Day: The futures are up since midnight after BoJ meeting Wednesday after September expiry Friday is bearish for S&P 500 – 73% odds for a down day The day of FOMC meeting has been bullish for the market Key levels for eMini futures: break above 2146.75 for bulls and break below 2126.50 for bears Markets in the…