Morning Notes – Tuesday September 18, 2018

Directional Bias For The Day: S&P Futures are little changed; at a resistance level Odds are for a down day to sideways move; watch for break above 2904.00 for change of fortune No key economic data due: Markets Around The World Markets in the East closed mixed – Shanghai, Hong Kong, Tokyo and Seoul closed up; Sydney, Singapore and Mumbai closed…

Morning Notes – Monday September 17, 2018

Directional Bias For The Day: S&P Futures are lower; a symmetrical triangle is emerging on 15-minute chart; Odds are for a sideways; watch for break above 2910.25 and below 2904.50 for clarity Key economic data due: Empire State Manufacturing Index (19.0 vs. 23.2 est.) at 8:30 AM Markets Around The World Markets in the East closed mostly lower – Sydney…

Morning Notes – Friday September 14, 2018

Directional Bias For The Day: S&P Futures are higher; declining from all time high of 2917.25 at 3:30 AM Breaking below above an descending triangle/double top on 6-minute chart Odds are for a sideways to an up day; watch for break above 2917.25 and below 2909.50 for clarity Key economic data due: Retail Sales (0.3% vs. 0.5% ets.) at 8:30 AM…

Digging the Numbers: CPI – August 2018

Key Takeaway: there was a moderation in the year-over-year growth rate for CPI – both Core and Headline – but that is unlikely to change Fed’s intention of two more rate hikes this year The Consumer Price Index increased by +0.2% in August on seasonally adjusted basis as compared to the expected increase of +0.3%…