Morning Notes – Friday January 13, 2017

Directional Bias For The Day: The futures are drifting sideways since 2:300 PM on Jan 12 Odds are for a sideways to a down day; watch for break above 2270.00, break above a downtrend line on 30-minute timeframe Markets Around The World Markets in the East were mixed – Hong Kong and Tokyo were up and rest were down European markets are higher Dollar…

Morning Notes – Thursday January 12, 2017

Directional Bias For The Day: The futures are drifting lower since 4:00 PM on Jan 11 Odds are for a down day; watch for break above 2267.75, Asian session high Markets Around The World Markets in the East were mostly down – Mumbai and Seoul were exceptions European markets are mostly down – Spain is the lone exception Dollar index and EUR/USD are down; USD/JPY and GBP/USD are up…

Morning Notes – Wednesday January 11, 2017

Directional Bias For The Day: The futures are trading in a narrow range since 4:00 PM on Jan 10 – high 2065.50 and low 2259.75 Odds are for a sideways to down day; watch for break of critical level: Friday’s low of 2258.25 Markets Around The World Markets in the East were mostly up – Shanghai was the lone exception European markets are mixed –…

Morning Notes – Tuesday January 10, 2017

Directional Bias For The Day: The futures are trading sideways in a narrow range since 4:00 PM Jan 9 – high 2066.50 and low 2259.50 Odds are for a sideways to down day; watch for break of critical level: Friday’s low of 2258.25 Markets Around The World Markets in the East were mixed – Shanghai, Sydney and Seoul were down; Hong Kong and Mumbai were up; Tokyo as…

Morning Notes – Friday January 6, 2017

Directional Bias For The Day: The futures are drifting sideways in a narrow range since 3:30 PM Jan 5 – high 2064.75 and low 2261.50 Odds are for an up to sideways day Markets Around The World Markets in the East were mixed – Shanghai, Tokyo and Mumbai were down; Hong Kong, Sydney and Seoul were up European markets are down Dollar index and USD/JPY are up; EUR/USD and GBP/USD…

Morning Notes – Thursday January 5, 2017

Directional Bias For The Day: The futures are drifting higher since 7:30 AM but are below previous close Futures bounded by a downtrend line on 2-hour timeframe Odds are for an up to sideways day Markets Around The World Markets in the East were mixed – Tokyo and Seoul were down; Shanghai, Hong Kong, Sydney and Mumbai were up European markets are mixed – Germany and France are…

S&P 500: 65 Thousand Feet View

Monthly Chart Analysis Current Status: Last Updated on Wednesday January 04, 2017 Current Trend: Confirmed Uptrend Last Pattern: Double Bottom (broken out in Jul-13) Previous Pattern: Rectangle (broken in Apr-13) Current Streak: 2 Up months Last Six Months 3 Up months Last High 2277.53 (Dec-16) High Month Low Month Last Swing 2193.81 Aug-16 2083.79 Nov-16 Previous Swing 2116.48…