Morning Notes – Friday June 29, 2018

Directional Bias For The Day: S&P Futures are higher but off the high of 2737.25 at 4:30  AM; trending up since 8:30 AM on June 28 Odds are for an up day with elevated volatility – watch for break below 2723.00 for change of fortune Key economic data due: Core PCE (0.2% vs. 0.2% est.) at 8:30 AM Personal Spending (0.0.4% est.)…

Morning Notes – Thursday June 28, 2018

Directional Bias For The Day: S&P Futures are lower; sharply lowered at 8:00 AM after breaking below a flag; the 100% extension target of the flag is near 2670.00 Odds are for a down day with elevated volatility – watch for break above 2716.00 for change of fortune Key economic data due: Final GDP (2.0% vs. 2.2% est.) at 8:30 AM…

Morning Notes – Wednesday June 27, 2018

Directional Bias For The Day: S&P Futures are little changed; moved lower over the Asian and European session; jumped 20 points at 7:30 AM Odds are for a sideways to up day with elevated volatility – watch for break above 2733.75 and break below 2723.50 for more clarity Key economic data due: Durable Goods Orders (-0.6% vs. -0.9% est.) at 8:30 AM…

Morning Notes – Tuesday June 26, 2018

Directional Bias For The Day: S&P Futures are little changed; moving mostly sideways since 3:45 PM on June 25 after a bounce from lows; Bias is up but needs to clear some resistance levels near 2728.00 and 2735.00 Odds are for a sideways to up day – watch for break above 2728.50 and break below 2714.75 for more clarity Key…

Morning Notes – Monday June 25, 2018

Directional Bias For The Day: S&P Futures are lower; moving down since 2:00 PM on June 22; Odds are for a down day in the early sessions – watch for break above 2747.50 and break below 2739.25 for more clarity No key economic data due: Markets Around The World Markets in the East closed down European markets are down Currencies: Up…

Morning Notes – Friday June 22, 2018

Directional Bias For The Day: S&P Futures are higher; moving up since 3:30 PM on June 21; Odds are for an up move in the early sessions – watch for break above 2768.50 and break below 2763.25 for more clarity No key economic data due: Markets Around The World Markets in the East closed mostly up – Tokyo and Sydney closed…

Morning Notes – Thursday June 21, 2018

Directional Bias For The Day: S&P Futures are lower; moving down since 10:00 PM; bouncing up since 5:15 AM; at 38.2% retracement of the decline from 2785.25 to 2762.00 Odds are for a down day – watch for break above 2771.50 for change of fortune Key economic data due: Unemployment Claims (218K vs. 220K est.) at 8:30 AM Philly Fed Manufacturing Index…