Morning Notes – Tuesday September 20, 2016

Directional Bias For The Day: The futures are up since NYSE session close on Monday Tuesday after September expiry Friday is bearish for S&P 500 – 73% odds for a down day Key levels for eMini futures: break above 2146.75 for bulls and break below 2135.50 for bears Markets in the East were mostly down with only Australia and South Korea being…

Morning Notes – Monday September 19, 2016

Directional Bias For The Day: The futures are up since 2:00 PM on Friday On Monday after September expiry Friday, S&P 500 has been down 13 out of last 16 years Key: break above 2144.50 for bulls and break below 2132.00 for bears Markets in the East were mostly up with only Australia being down; China, Japan, Hong Kong, South…

Keep Calm – September Gyrations Will Pass

“I have a very strong belief that everything that comes into your life is supposed to and every condition of your life is part of the perfection of it and there is a blessing in all of it and that there are no accidents. It is perfect, absolutely totally perfect universe.” — Dr. Wayne W. Dyer The above…

Morning Notes – Friday September 16, 2016

Directional Bias For The Day: The futures are down since 6:00 AM September’s Triple Witching Friday has been good for Dow Jones Industrial Average in the recent years – up 10 of last 13 years Deutsche Bank decline more than 8% in Europe and that is putting down pressure on futures Market direction lacks clarity Key move: Break…

Morning Notes – Thursday September 15, 2016

Directional Bias For The Day: The futures are moving higher after making a low during Asian session Odds are for a down day unless some critical resistance levels are overcome – downtrend line on 30-minute being one – then odds will be for an up day 4th day following a big-decline, like the one on Friday, has 64%…

Morning Notes – Wednesday September 14, 2016

Directional Bias For The Day: The futures are moving sideways since NYSE session close on Tuesday Odds are for a sideways to an up day 3rd day following a big-decline, like the one on Friday, has 61% chance of being an up-day for S&P 500 Key move: Break above 55 for 14-Period RSI on 30-minute chart Futures are…

Morning Notes – Tuesday September 13, 2016

Directional Bias For The Day: The futures facing downward pressure Futures drifting down since 4:00 PM high on Monday Odds are for a down day; a break above 2140-2142 will change the market tone Futures are sideways since Asian session on Sunday (U.S. time) after falling more in the after-market trading post-NYSE close on Friday Futures off the lows of 2100.25 by…