Morning Notes – Wednesday January 16, 2019

Directional Bias For The Day: S&P Futures are higher; moving mostly sideways since 3:30 PM on Tuesday Daily and weekly trends are down Odds are for an up day with elevated volatility – watch for break below 2602.50 for change of fortunes Key economic data due: Import Prices (est. -1.3%; -1.% prev.) at 8:30 AM NAHB Housing Market Index  (est. 56; 56 prev. ) at 10:00 AM Markets Around The World…

Morning Notes – Tuesday January 15, 2019

Directional Bias For The Day: S&P Futures are little changed; moving down since 0:30 AM after rising by nearly 20 points Daily and weekly trends are down Odds are for a sideways to down day with elevated volatility – watch for break above 2591.75 and break below 2577.00 for more clarity Key economic data due: PPI (est. -0.1%; 0.1% prev.) at 8:30 AM Core PPI (est. 0.2%; 0.31% prev.)…

Morning Notes – Monday January 14, 2019

Directional Bias For The Day: S&P Futures are lower; moving sideways since 9:00 PM n Sunday Daily and weekly trends are down Odds are for a sideways to down day with elevated volatility (sideways from pre-NYSE open level and down from last close)  – watch for break above 2578.25 and break below 2567.25 for more clarity No key economic data due Markets Around The World Markets…

Morning Notes – Friday January 11, 2019

Directional Bias For The Day: S&P Futures are lower; moving down since 4:30 AM Daily and weekly trends are down Odds are for a down day with elevated volatility – watch for break above 2590.75 for change of fortune Key economic data due: CPI ( -0.1% vs. -0.1% est.; 0.0% prev.) at 8:30 AM Core CPI ( 0.2% vs. 0.2% est.; 0.2% prev.) at 8:30 AM Markets Around The…

Morning Notes – Thursday January 10, 2019

Directional Bias For The Day: S&P Futures are lower; moving sideways since 8:30 PM on Wednesday Daily and weekly trends are down Odds are for a sideways to down day (from pre-open level) with elevated volatility – watch for break above 2574.25 and break below 2565.25 for clarity Key economic data due: Unemployment Claims (216K vs. 226k est.; 233K prev.) at 8:30 AM Markets Around The World…

Morning Notes – Wednesday January 9, 2019

Directional Bias For The Day: S&P Futures are higher; moving sideways since 8:00 PM on Tuesday Horizontal channel emerging on 30-minute timeframe – high 2587.25 and low 2575.00 Daily and weekly trend is down Odds are for a sideways to down day (from pre-open level) with elevated volatility – watch for break above 2587.25 and break below 2575.00 for clarity Key economic data due: FOMC December…

Morning Notes – Tuesday January 8, 2019

Directional Bias For The Day: S&P Futures are higher; moving up since 2:45 PM on Monday Daily and weekly trend is down Odds are for an up day with elevated volatility – watch for break below 2553.75 for change of fortune; No Key economic data due: Markets Around The World Markets in the East mostly closed higher – Shanghai and Seoul closed down…

Morning Notes – Monday January 7, 2019

Directional Bias For The Day: S&P Futures are higher to little changed; moving lower since 7:30 PM on Sunday high of 2551.75, which was 20.50 pointes above Friday’s close Daily and weekly trend is down Odds are for a sideways to down up day with choppiness and elevated volatility – watch for break above 2535.50 for change of fortune; Key economic data…

Morning Notes – Friday January 4, 2019

Directional Bias For The Day: S&P Futures are higher; moving higher since 7:30 PM on Thursday; Daily and weekly trend is down Odds are for an up day with choppiness and elevated volatility – watch for break below 2470.75 for change of fortune; Key economic data due: Non-Farm Employment Change (312K vs. 179K; 155K Prev.) at 8:30 AM Average Hourly…