Morning Notes – Monday May 15, 2017

Directional Bias For The Day: Futures are higher Generally moving up since 6:30 AM on Friday; new leg-up since 5:30 AM Odds are for an up day; watch for break below above 2388.75 for change of fortunes Key Economic data: Empire State Manufacturing Index: -1.0 vs. 7.2 est. 8:30 AM Markets Around The World Markets in the East were mostly positive – Tokyo closed down…