Morning Notes – Thursday January 9, 2020

Directional Bias For The Day: S&P Futures are higher; bounced up following the drop during the last half-hour of trading on Wednesday; up 18 point from that low; moving sideways since 2:30 AM The odds are for an up day – watch for break below 3257.75 for change of fortune Key economic data due: Unemployment…

Morning Notes – Wednesday January 8, 2020

Directional Bias For The Day: S&P Futures are higher following a nearly 50+ points drop during Asian session; The odds are for an up day with elevated volatility – watch for break below 3221.75 for change of fortune Key economic data due: ADP Non-Farm Employment Change (202K vs.160K est.; prev. 124K ) at 8:15 AM…

Morning Notes – Tuesday January 7, 2020

Directional Bias For The Day: S&P Futures are lower; price is arching own on 30-minute charts The odds are for a down day with elevated volatility – watch for break above 3247.25 for change of fortune Key economic data due: Trade Balance ( -43.1B vs. -44.5B est. ; prev. -46.9B ) at 8:30 AM ISM…

Morning Notes – Monday January 6, 2020

Directional Bias For The Day: S&P Futures are lower; gapped down at week’s open and broke below a low since then; bouncing off the lows near support levels The odds are for a down day with elevated volatility – watch for break above 3222.75 and 3230.00 for change of fortune Key economic data due: Final…

Morning Notes – Friday January 3, 2020

Directional Bias For The Day: S&P Futures are lower; sharp decline at 8:30 PM; bouncing since 5:30 AM after falling nearly 60 points; up 20 points since The odds are for a down day with elevated volatility – watch for break above 3240.00 for change of fortune Key economic data due: ISM Manufacturing PMI (…