Morning Notes – Friday July 20, 2018

Directional Bias For The Day: S&P Futures are down; moved up from a low of 2793.00 at 6:00 AM;  resuming the downtrend at 8:00 AM Odds are for a down day – watch for break above 2802.75 for change of fortune No key economic data due: Markets Around The World Markets in the East closed mostly up – Tokyo was down European markets…

Morning Notes – Thursday July 19, 2018

Directional Bias For The Day: S&P Futures are down; drifting down since 10:30 PM on July 18 Odds are for a down day – watch for break above 2812.75 for change of fortune Key economic data due: Philly Fed Manufacturing Index (25.7 vs. 21.6 est.) at 8:30 AM Unemployment Claims (207K vs. 220K est.) at 8:30 AM Markets Around The World Markets in the East closed mostly down – Sydney was up European…

Morning Notes – Wednesday July 18, 2018

Directional Bias For The Day: S&P Futures are down; drifting down since 8:00 PM on July 17 Odds are for a sideways to up day – watch for break above 2813.75 and below 2807.75 for clarity Key economic data due: Building Permits (1.27M vs. 1.33M est.) at 8:30 AM Housing Starts (1.17M vs. 1.32M est.) at 8:30 AM Markets Around The World Markets in the East…

Morning Notes – Tuesday July 17, 2018

Directional Bias For The Day: S&P Futures are down Below a downtrend line since 9:30 PM on July 15 on 30-minute chart; daily charts is indicating hesitation or pause Odds are for a down to sideways day – watch for break above 2797.75 and below 2790.50 for clarity Key economic data due: Capacity Utilization (est. 78.4% ) at 9:15 AM Industrial…

Morning Notes – Monday July 16, 2018

Directional Bias For The Day: S&P Futures are little changed to down; moving sideways with down bias since 10:30 AM on July 13 Odds are for a sideways day – watch for break above 2804.00 and below 2800.00 for clarity Key economic data due: Retail Sales (0.5% vs. 0.4% est.) at 8:30 AM Core Retail Sales (0.4% vs. 0.4% est.) at 8:30 AM Empire State…

Morning Notes – Thursday July 12, 2018

Directional Bias For The Day: S&P Futures are higher; moving up in steps since 9:00 PM on July 10 Odds are for an up to sideways day – watch for break above 2791.00 and below 2788.00 for clarity Key economic data due: CPI (0.1% vs. 0.2% est.) at 8:30 AM Cor CPI (0.2% vs. 0.2% est.) at 8:30 AM Unemployment Claims (214K vs.…

Morning Notes – Tuesday July 10, 2018

Directional Bias For The Day: S&P Futures are higher; moving sideways since 7:00 PM on July 9 in a narrow range – between 2797.75 and 2787.75 Odds are for an up to sideways day – watch for break above 2787.75 and below 2787.75 for clarity No key economic data due: Markets Around The World Markets in the East closed mostly up – Hong Kong and…

Morning Notes – Monday July 9, 2018

Directional Bias For The Day: S&P Futures are higher; moving sideways since 10:00 PM on July 8 in a very narrow range – between 2775.25 and 2770.75 Odds are for an up to sideways day – watch for break above 2775.25 and below 2770.75 for clarity No key economic data due: Markets Around The World Markets in the East closed up European markets…

Morning Notes – Friday July 6, 2018

Directional Bias For The Day: S&P Futures are lower; moving down since 2:00 AM from a high of 2747.50; near a support level at 2732.00 Odds are for an up day – watch for break below 2732.00 for change of fortune Key economic data due: Non-Farm Employment Change (est. 195 K) at 8:30 AM Unemployment Rate (est. 3.8% ) at 8:30 AM…

Morning Notes – Thursday July 5, 2018

Directional Bias For The Day: S&P Futures are higher; moving up since 2:00 AM Odds are for an up day – watch for break below 2727.50 for change of fortune Key economic data due: ADP Non-Farm Employment Change (177K vs. 190K est.) at 8:15 AM Unemployment Claims (231K vs 225K) at 8:30 AM ISM Non-Manufacturing PMI (est. 58.3) at 10:00 AM…