Morning Notes – Thursday March 28, 2019

Directional Bias For The Day: S&P Futures are little changed; moving up since 9:00 PM after making a low of 2795.00 Odds are for a sideways day with elevated volatility  – watch for break above 2814.50 and break below 2805.25 for clarity Key economic data due: Final GDP (2.2% vs. 2.4% est.; prev. 2.6%) at 8:30…

Morning Notes – Tuesday March 26, 2019

Directional Bias For The Day: S&P Futures are higher; moving mostly up since 2:00 PM on Monday; Odds are for an up to a sideways day with elevated volatility  – watch for break above 2823.75 and break below 2809.25 for clarity Key economic data due: Building Permits (1.30M vs. 1,32M est.; prev. 1.32M) at 8:30…

Morning Notes – Monday March 25, 2019

Directional Bias For The Day: S&P Futures are lower; moving  up since 2:30 AM; Odds are for a down day with elevated volatility  – watch for break above 2810.25 for change of fortune No key economic data due: Markets Around The World Markets in the East closed down European markets are mixed – Germany, U.K…

Morning Notes – Friday March 22, 2019

Directional Bias For The Day: S&P Futures are lower; moving  down since 4:00 AM; Odds are for a down to sideways  day with elevated volatility  – watch for break above 2852.00 for change of fortune Key economic data due: Existing Home Sales (est. 5.10M; prev. 4.94M) at 9:45 AM Risk-off sentiment due to weak economic…

Morning Notes – Thursday March 21, 2019

Directional Bias For The Day: S&P Futures are lower; moving  down since 6:30 AM; at a resistance-turned-support level Odds are for a sideways to down day with potential for a bounce – watch for break above 2827.25 for change of fortune Key economic data due: Philly Fed Manufacturing Index (13.7 vs. 4.6 est.; prev. -4.1)…

Morning Notes – Wednesday March 20, 2019

Directional Bias For The Day: S&P Futures are unchanged; moving  down since 4:30 AM Odds are for a down to sideways day – watch for break above 2842.50 for change of fortune Key economic data due: FOMC Statement at 2:00 PM FOME Economic Projections at 2:00 PM Fed Funds Rate at 2:00 PM FOMC Press…

Morning Notes – Tuesday March 19, 2019

Directional Bias For The Day: S&P Futures are higher; moving  sideways since 6:45 AM Odds are for a sideways to an up day – watch for break below 2847.50 for change of fortune Key economic data due: Start of two-day FOMC meeting Markets Around The World Markets in the East closed mixed – Shanghai, Tokyo,…

Morning Notes – Monday March 18, 2019

Directional Bias For The Day: S&P Futures are little changed; moving mostly sideways since 12:00 PM on Friday Odds are for a sideways to an up day – watch for break below 2828.50 for change of fortune No key economic data due: Markets Around The World Markets in the East closed up European markets are…

Morning Notes – Thursday March 14, 2019

Directional Bias For The Day: S&P Futures are lower; moving within a down-sloping channel since 11:00 AM on Wednesday Odds are for a sideways to an up day with chance for a breakout – watch for break below 2811.50 for change of fortune Key economic data due: Unemployment Claims (229K vs. 225K est.; prev., 223K)…

Morning Notes – Wednesday March 13, 2019

Directional Bias For The Day: S&P Futures are higher; moving up since 10:30 PM on Tuesday Odds are for an up day – watch for break below 2797.75 for change of fortune Key economic data due: Core PPI (0.1% vs. 0.2% est.; prev. 0.3%) at 8:30 AM PPI  (0.1% vs. 0.2% est.; prev. -0.1% )…