Morning Notes – Tuesday April 30, 2019

Directional Bias For The Day: S&P Futures are down; moving sideways to down since the close on Monday The odds are for a sideways to down day – watch for break above 2945.50¬†for change of fortune Key economic data due: S&P/CS Composite-20 HPI (3.0% vs. 3.7% est. ; prev. 3.5%) at 9:00 AM Chicago PMI…

Morning Notes – Monday April 29, 2019

Directional Bias For The Day: S&P Futures are little changed; moving sideways since the close on Friday The odds are for an up day – watch for break below 2937.75 for change of fortune Key economic data due: February Core PCE Price Index ( 0.1% vs. 0.2% est. ; prev. 01.%) at 8:30 AM February…

Morning Notes – Tuesday April 16, 2019

Directional Bias For The Day: S&P Futures are higher; moving up since 10:30 AM on Monday; The odds are for an up day – watch for break below 2912.75 for change of fortune Key economic data due: Industrial Production (est. 0.2%; prev. 01.%) at 9:15 AM Capacity Utilization (est. 79.2%; prev. 78.2%0 at 9:15 AM…

Morning Notes – Friday April 12, 2019

Directional Bias For The Day: S&P Futures are higher; moving up since 3:00 AM; broke above past few day’s trading range; first target near 2909.00 is achieved; next target is target near 2915.00 The odds are for an up day – watch for break below 2902.00 for change of fortune Key economic data due: Import…

Morning Notes – Wednesday April 10, 2019

Directional Bias For The Day: S&P Futures are higher; moving up since 9:30 PM on Tuesday; back within a trading range between 2899.50 and 2884.25 for past two days; The odds are for a sideways to down day – watch for break above 2891.25 and break below 2883.75 for clarity Key economic data due: CPI…

Morning Notes – Tuesday April 9, 2019

Directional Bias For The Day: S&P Futures are flat; moving sideways since 4:00 PM on Monday; within a trading range between 2899.50 and 2884.25 for past two days; The odds are for a sideways to an up day – watch for break above 2900.00 and break below 2884.25 for clarity No key economic data due:…

Morning Notes – Friday April 5, 2019

Directional Bias For The Day: S&P Futures are higher; moving sideways since 10:00 PM on April 2 within a narrow range between 2889.00 and 2874.00; Awaiting the Non-Farm Payroll report, which will set the tone for the rest of day’s trading The bias is to the upside and break above 2889.00 will be bullish; similarly…

Morning Notes – Thursday April 4, 2019

Directional Bias For The Day: S&P Futures are little changed; moving sideways since NYSE close on Wednesday Odds are for a sideways day – watch for break below 2883.00 and break below 2874.00 for clarity Key economic data due: Unemployment Claims ( est. 215K; prev. 211K) at 8:30 AM Markets Around The World Markets in…

Morning Notes – Wednesday April 3, 2019

Directional Bias For The Day: S&P Futures are higher; drifting up since 8:00 AM Odds are for an up day – watch for break below 2873.00 for change of fortune Key economic data due: ADP Non-Farm Employment Change ( est. 184K; prev. 183K) at 8:15 AM ISM Non-Manufacturing PMI ( est. 58.1; prev. 59.7) at…