Morning Notes – Thursday May 23, 2019

Directional Bias For The Day: S&P Futures are lower; mostly moving down since 2:00 PM on Tuesday;  fresh leg down since 2:30 PM on Wednesday The odds are for a down day with elevated volatility – watch for break above 2841.00 for change of fortune Trade news influencing the sentiments; risk-off sentiments Key economic data due:…

Morning Notes – Wednesday May 22, 2019

Directional Bias For The Day: S&P Futures are lower; mostly moving down since 2:00 PM on Tuesday;  fresh leg down since 6:30 AM The odds are for a down to sideways day with elevated volatility – watch for break above 2865.75 for change of fortune Trade news influencing the sentiments; risk-off sentiments Key economic data due:…

Morning Notes – Tuesday May 21, 2019

Directional Bias For The Day: S&P Futures are higher; moving up since 3:00 PM on Monday;  fresh leg up since 3:30 AM The odds are for an up day with elevated volatility – watch for break below 2846.25 for change of fortune Trade talks influencing the sentiments Key economic data due Existing Home Sates (5.21M…

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…