Morning Notes – Monday May 20 2019

Directional Bias For The Day: S&P Futures are down; moving lower since 12:00 PM on May 16;  fresh leg down since 4:00 AM The odds are for a down day with elevated volatility – watch for break above 2847.75 for change of fortune No key economic data due Markets Around The World Markets in the…

Morning Notes – Friday May 17 2019

Directional Bias For The Day: S&P Futures are down; moving lower since 12:00 PM on Thursday; broke a sequence of higher highs and higher lows since 6:00 PM on Monday The odds are for a down day with elevated volatility – watch for break above 2871.00 for change of fortune China trade and tariff news is…

Morning Notes – Thursday May 16 2019

Directional Bias For The Day: S&P Futures are up; moving higher since 3:30 AM after making a near double bottom; The odds are for an up day with elevated volatility – watch for break below 2853.25 for change of fortune China trade and tariff news is still impacting the sentiments Key economic data due: Building Permits…

Morning Notes – Wednesday May 15 2019

Directional Bias For The Day: S&P Futures are down; moving down in steps; fresh leg down since 7:00 AM; The odds are for a down day with elevated volatility – watch for break above 2834.50 for change of fortune China trade and tariff news is still impacting the sentiments Key economic data due: Retail Sales…

Morning Notes – Friday May 10 2019

Directional Bias For The Day: S&P Futures are lower; fresh leg down since 6:30 AM; break below a horizontal channel; 100% extension target almost achieved The odds are for a down day with elevated volatility – watch for break above 2861.75 for change of fortune China trade and tariff news is still impacting the sentiments Key…

Morning Notes – Thursday May 9, 2019

Directional Bias For The Day: S&P Futures are lower; fresh leg down since 7:00 AM The odds are for a down day with elevated volatility – watch for break above 2870.50 for change of fortune China trade and tariff news is still impacting the sentiments Key economic data due: PPI (0.2% vs. 0.2% est.; prev.…

Morning Notes – Wednesday May 8, 2019

Directional Bias For The Day: S&P Futures are lower; moved down from 2877,50 at 4:00 AM to near 2875.00 level The odds are for a down day with elevated volatility though with a decent chance of moving sideways to up from pre-NYSE levels – watch for break above 2886.25 for change of fortune China trade…

Morning Notes – Tuesday May 7, 2019

Directional Bias For The Day: S&P Futures are lower; moving down since 2:30 AM after a bounce; at the same level that was reached after the decline following the NYSE close on Monday The odds are for a down day with elevated volatility though with a decent chance of moving sideways to up from pre-NYSE levels…

Morning Notes – Monday May 6, 2019

Directional Bias For The Day: S&P Futures are sharply lower; bouncing up from a low of 2883.50 at 9:00 PM on Sunday, a 66 point decline from Friday’s close; The odds are for a down day with elevated volatility though with a decent chance of moving sideways to up from pre-NYSE levels – watch for…

Morning Notes – Friday May 3, 2019

Directional Bias For The Day: S&P Futures are higher; moving up since 11:30 AM on Thursday; fresh boost from upbeat employment report The odds are for an up with elevated volatility – watch for break below 2921.75 for change of fortune Key economic data due: Non-Farm Payroll Change ( 236K vs. 181K est.; prev. 189K) at…