Morning Notes – Tuesday March 20, 2018

Directional Bias For The Day: S&P Futures are higher; moving up since 2:30 PM on Monday; at a downtrend line, a possible resistance Odds are for a sideways to an up day – watch for break above 2729.00 and below 2716.25 for change of fortunes No key economic data due Markets Around The World Markets in the…

Morning Notes – Monday March 19, 2018

Directional Bias For The Day: S&P Futures are lower; moving down since 11:30 AM on Friday; new leg down since 4:00 AM; bouncing up since 4:30 AM reaching a resistance Odds are for a down day – watch for break above 2745.25 No key economic data due Markets Around The World Markets in the East were mixed –…

Morning Notes – Friday March 16, 2018

Directional Bias For The Day: S&P Futures are higher; moving sideways since 4:00 PM on Thursday Odds are for a sideways to down day – watch for break above 2760.75 and below 2750.25 for change of fortunes Key economic data: Building Permits (1.30M vs. 1.32M est.) at 8:30 Housing Starts (1.24M vs. 1.29M est.) at 8:30 AM…

Morning Notes – Thursday March 15, 2018

Directional Bias For The Day: S&P Futures are higher; moving sideways since 10:30 PM on Wednesday Odds are for a sideways to down day – watch for break above 2762.25 and below 2752.25 for change of fortunes Key economic data: Unemployment Claims (6K vs. 227K est.) at 8:30 Empire State Manufacturing Index (22.5 vs. 14.9 est.) at…

Morning Notes – Wednesday March 14, 2018

Directional Bias For The Day: S&P Futures are higher; moving sideways since 4:00 AM just below a resistance line, which was a broken support Odds are for a sideways to down day – watch for break above 2783.50 and below 2762.50 for change of fortunes Key economic data: PPI (0.2% vs. 0.1% est.) at 8:30 Core PPI (0.2% vs. 0.2% est.) at 8:30 AM…

Morning Notes – Tuesday March 13, 2018

 Directional Bias For The Day: S&P Futures are higher; moving sideways since 11:30 PM on Monday; jumped up following CPI report Odds are for an up to sideways day – watch for break above 2802.50 and below 2792.00 for change of fortunes Key economic data: CPI (0.2% vs. 0.2% est.) at 8:30 Core CPI (0.2% vs. 0.2% est.) at 8:30 AM Markets Around The…

Morning Notes – Monday March 12, 2018

 Directional Bias For The Day: S&P Futures are higher; moving sideways, in a rounding top formation, since 6:30 PM on Sunday Odds are for a sideway day – watch for break above 2800.00 and below 2781.75 for change of fortunes No Key economic data due Markets Around The World Markets in the East were up European markets are higher Currencies: Up Down EUR/USD GBP/USD…

Morning Notes – Friday March 9, 2018

 Directional Bias For The Day: S&P Futures are higher; moved sideways from 3:30 PM to 8:30 AM; jumped higher on P report Broken above an ascending triangle on 30-Min chart with target near 2789.00 Odds are for an up day – watch for break below 2733.75 for change of fortunes Key economic data: Non Farm Payroll Change (313K vs. 205K est.) at 8:30 AM Average…

Morning Notes – Thursday March 8, 2018

 Directional Bias For The Day: S&P Futures are higher; moving higher since 7:30 PM on March 6 within an up-sloping flag At the upper limit of an ascending triangle on 30-Min chart Odds are for an up to sideways day – watch for break above 2734.50 and break below 22720.25 for change of fortunes Key economic data: Unemployment Claims (231K vs. 220K est.) at…

Morning Notes – Wednesday March 7, 2018

 Directional Bias For The Day: S&P Futures are lower; moving higher since 7:30 PM within an up-sloping flag Odds are for a sideways to down day, but up from pre-open levels, with great volatility – watch for break above 2710.25 and break below 2694.00 for change of fortunes Key economic data: ADP Non-Farm Employment Change (235K vs. 199K est.) at 8:15 AM Markets Around…