Morning Notes – Monday January 27, 2020

Directional Bias For The Day: S&P Futures are lower; The odds are for a down day with elevated volatility Futures are sharply down at the open and there is great chance of a bounce from pre-open low levels Key economic data due: New Home Sales ( est. 730K; prev. 719K) at 10:00 AM Directional Bias…

Morning Notes – Wednesday January 22, 2020

Directional Bias For The Day: S&P Futures are higher; The odds are for an up day – watch for break below 3319.25 for change of fortune Key economic data due: Existing Home Sales ( est. 5.43M; prev. 5.35M) at 10:00 AM Directional Bias Before Open: Weekly: Uptrend Daily: Uptrend 120-Min: Up 30-Min: Side-Up 15-Min: Up-Side…

Morning Notes – Tuesday January 21, 2020

Directional Bias For The Day: S&P Futures are lower; The odds are for a down day – watch for break above 3323.25 for change of fortune No key economic data due: Directional Bias Before Open: Weekly: Uptrend Daily: Uptrend 120-Min: Up-Side 30-Min: Up-Side 15-Min: Down-Side 6-Min: Side Key Levels: Critical support levels for S&P 500…

Morning Notes – Friday January 17, 2020

Directional Bias For The Day: S&P Futures are higher; The odds are for an up day – watch for break below 3317.50 for change of fortune Key economic data due: Building Permits ( 1.42M vs. 1.47M est.; prev. 1.47M) at 8:30 AM Housing Starts (1.61M vas. 1.38M est.; prev. 1.38M) at 8:30 AM Capacity Utilization…

Morning Notes – Thursday January 16, 2020

Directional Bias For The Day: S&P Futures are higher; The odds are for an up day – watch for break below 3294.50 for change of fortune Key economic data due: Retail Sales ( 0.3% vs. 0.3% est.; prev. 0.3%) at 8:30 AM Core Retail Sales (0.7% vs. 0.5% est.; prev. 0.1%) at 8:30 AM Philly…

Morning Notes – Wednesday January 15, 2020

Directional Bias For The Day: S&P Futures are lower; The odds are for a sideways to a down day – watch for break above 3289.75 for change of fortune Key economic data due: PPI ( 0.1% vs. 0.2% est.; prev. 0.0%) at 8:30 AM Core CPI (0.1% vs. 0.2% est.; prev. -0.2%) at 8:30 AM…

Morning Notes – Tuesday January 14, 2020

Directional Bias For The Day: S&P Futures are little changed to lower; The odds are for a sideways to an up day – watch for break below 3275.75 for change of fortune Key economic data due: CPI ( 0.2% vs. 0.2% est.; prev. 0.3%) at 8:30 AM Core CPI (0.1% vs. 0.2% est.; prev. 0.2%)…

Morning Notes – Monday January 13, 2020

Directional Bias For The Day: S&P Futures are higher; The odds are for a sideways to an up day – watch for break below 3271.75 for change of fortune No key economic data due: Directional Bias Before Open: Weekly: Uptrend Daily: Uptrend 120-Min: Up-Side 30-Min: Side 15-Min: Side-Up 6-Min: Up Key Levels: Critical support levels…

Morning Notes – Friday January 10, 2020

Directional Bias For The Day: S&P Futures are higher; Non-Farm Payroll day The odds are for an up day – watch for reaction following payroll report; watch break below 3264.25 for change of fortune Key economic data due: Non-Farm Employment Change ( 162K est.; prev. 266K ) at 8:30 AM Average Hourly Earnings ( 0.3%…

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…