Morning Notes – Wednesday October 31, 2018

Directional Bias For The Day: S&P Futures are higher; moving higher since 1:30 PM on October 30 Odds are for an up and choppy day with elevated volatility – watch for break below 2696.25 for change of fortune Key economic data due: ADP Non-Farm Employment Change (27K vs. 188K est.) at 8:15 AM Employment Cost Index (0.8% vs. 0.7%…

Morning Notes – Tuesday October 30, 2018

Directional Bias For The Day: S&P Futures are lower; moving lower since 8:00 AM after rising from 3:30 PM on October 29 Odds are for a down and choppy day with elevated volatility Key economic data due: S&P/Case-Shiller Composite-20 HPI (5.5% vs. 6.0% est.) at 9:00 AM CB Consumer Confidence (est. 136.3) at 10:00 AM Markets Around The World…

Morning Notes – Monday October 29, 2018

Directional Bias For The Day: S&P Futures are higher; moving higher since 2:30 AM Odds are for an up and choppy day; elevated volatility Key economic data due: Core PCE Price Index (0.2% vs. 0.1% est.) at 8:30 AM Personal Spending (0.4% vs. 0,.4% est.) at 8:30 AM Personal Income (0.2% vs. 0.4% est.) at 8:30 AM Markets Around…

Morning Notes – Wednesday October 17, 2018

Directional Bias For The Day: S&P Futures are lower; moving lower since 3:00 AM after making a high of 2821.00 a bearish divergence on 30-minute and 120-minute timeframes Odds are for a sideways and choppy day with good chances to go or down; elevated volatility Key economic data due: Building Permits (1.24M vs. 1.27M est.) at 8:30 AM…

Morning Notes – Tuesday October 16, 2018

Directional Bias For The Day: S&P Futures are higher; moving higher since 6:00 PM on Monday A symmetrical triangle is forming on 30-minute chart; a break above 2775.00 wil be bullish and a break below 2755.00 will be bearish Odds are for an up day with increased volatility Key economic data due: Industrial Production (est. 0.2%) at 9:15 AM Capacity…

Morning Notes – Monday October 15, 2018

Directional Bias For The Day: S&P Futures are lower; moving higher since 4:45 AM from a low of 2745.25; almost near Friday’s close Odds are for a sideways to an up day with increased volatility Key economic data due: Core Retail Sales ( -0.1% vs. 0.4% est.) at 8:30 AM Retail Sales (0.1% vs. 0.7% est.) at 8:30 AM Empire State Manufacturing…

Morning Notes – Friday October 12, 2018

Directional Bias For The Day: S&P Futures are higher; closed 14 point above the NYSE session close; moving higher since 5:00 AM after retracing from a high of 2785.00 reached at 2:30 AM Odds are for an up day with increased volatility Key economic data due: Import Prices ( 0.5% vs. 0.3% est.) at 8:30 AM Prelim UoM Consumer Sentiment (est.…

Morning Notes – Thursday October 11, 2018

Directional Bias For The Day: S&P Futures are sharply lower; moving higher since 5:00 AM after making a low of 2747.25 below earlier low of 2748.50; nearly 30 points above the day’s low so far Odds are for a down day with a good chance of a dead-cat-bounce; increased volatility Key economic data due: CPI ( 0.1% vs.…

Morning Notes – Wednesday October 10, 2018

Directional Bias For The Day: S&P Futures are lower; moving further lower since 7:30 AM; broke below a descending triangle on 15-minute chart with 100% extension target near 2862.00 level Odds are for a down day with volatility – watch for break above 2889.50 for change of fortune Key economic data due: PPI ( 0.2% vs. 0.2% est.)…