Morning Notes – Wednesday February 15, 2017

Directional Bias For The Day: The futures are slightly down Moving sideways in a narrow range since 3:30 PM on February 14 Odds are for a sideways to a down day; watch for the break above 2340.00 or below 2331.25 for change of fortunes Markets Around The World Markets in the East were mixed – Shanghai and Mumbai were down; Tokyo, Hong Kong, Sydney and Seoul closed higher European…

Morning Notes – Tuesday February 14, 2017

Directional Bias For The Day: The futures are almost unchanged Moving sideways in a narrow range since 2:30 PM on February 13 Odds are for a sideways to an up day; watch for the break above 2329.00 or below 2323.25 for change of fortunes Markets Around The World Markets in the East closed mostly lower – Shanghai was an exception European markets are mixed – Germany, Switzerland and…

Morning Notes – Monday February 13, 2017

Directional Bias For The Day: The futures are drifting higher In a narrow range since midnight Odds are for a sideways to an up day; watch for the break above 2318.00 or below 2313.50 for change of fortunes Markets Around The World Markets in the East closed higher European markets are higher Dollar index is down, USD/JPY, EUR/USD and GBP/USD are up Commodities are mixed – crude oil, NatGas and…

Market Remarks On European Equity Indices

Germany German XETRA DAX broke above a symmetrical triangle on weekly timeframe in early August 2016, by rising above 10500.00 (Chart 1). From August to November 2016 it stayed within a horizontal trading range with an upper limit of 10830.00 and a lower limit of 10170.00. In early December it broke above that trading range. The 100%…

Morning Notes – Friday February 10, 2017

Directional Bias For The Day: The futures are slightly higher In the middle of a horizontal channel – upper limit of 2309.50; lower limit of 2303.00 Odds are for a sideways to an up day; watch for the break of channel in either direction for change of fortunes Markets Around The World Markets in the East closed higher European markets mostly lower –…

Morning Notes – Thursday February 9, 2017

Directional Bias For The Day: The futures are higher Trying to break above a horizontal channel emerging since 9:30 AM on February 3 If break successful then the target is near 2307.00 Odds are for an up day; watch for break below 2287.75 for change of fortunes Markets Around The World Markets in the East were mostly higher – only Tokyo was down European markets are…

Morning Notes – Wednesday February 8, 2017

Directional Bias For The Day: The futures are almost unchanged In the middle of a horizontal channel since 9:30 AM on February 3 Rising after touching the lower bound at 6:00 PM on February 7 Odds are for a sideways day; watch for break above 2295.00 or break below 2284.00  for change of fortunes Markets Around The World Markets in the East were mixed…

Morning Notes – Tuesday February 7, 2017

Directional Bias For The Day: The futures are higher Near the upper bound of a horizontal channel that is forming since 9:30 AM on February 3 Odds are for an up day; watch for break below 2285.25 for change of fortunes Markets Around The World Markets in the East were mostly lower; Sydney was the lone exception European markets are higher Dollar index and USD/JPY…

Morning Notes – Monday February 6, 2017

Directional Bias For The Day: The futures are lower In a horizontal channel since 9:30 AM on February 3 Knocking on the lower limit of the channel Odds are for a down to sideways day; watch for break above 2294.25 for change of fortunes Markets Around The World Markets in the East were mostly higher; Sydney was the lone exception European markets are lower Dollar…