Morning Notes – Wednesday November 13, 2019

Directional Bias For The Day: S&P Futures are essentially moving sideways for the past few days The odds are for a sideways day to down; watch for break above 3088.00 and below 3072.50 for clarity Key economic data due: CPI (0.4% vs. 0.3% est.; prev. 0.0%) at 8:30 AM Core CPI (0.2% vs. 0.2% est.;…

Morning Notes – Tuesday November 12, 2019

Directional Bias For The Day: S&P Futures are essentially moving sideways for the past couple of days The odds are for a sideways day; watch for break above 3097.00 and below 3072.50 for clarity No key economic data due: Directional Bias Before Open: Weekly: Uptrend Daily: Confirmed Uptrend 120-Min: Up-Side 30-Min: Side 15-Min: Side 6-Min:…

Morning Notes – Monday November 11, 2019

Directional Bias For The Day: S&P Futures are moving sideways since 3:00 PM on Thursday Veterans Day Federal holiday; no bonds trading The odds are for a sideways to an up day; watch for break above 3097.00 and below 3072.50 for clarity No key economic data due: Directional Bias Before Open: Weekly: Uptrend Daily: Confirmed…

Morning Notes – Friday November 8, 2019

Directional Bias For The Day: S&P Futures are moving up since 12:00 AM after declining from all time high at 11:45 AM on Thursday; The odds are for an up to sideways day; watch for break above 3097.00 and below 3076.75 for clarity Key economic data due: Prelim UoM Consumer Sentiment ( 96.0 est.; prev.…

Morning Notes – Thursday November 7, 2019

Directional Bias For The Day: S&P Futures are higher; The odds are for an up day with good chance of sideways move from current level – watch for break below 3078.00 for change of fortune Key economic data due: Unemployment Claims ( 211K vs. 215K ; prev. 219K ) at 8:30 AM Directional Bias Before…

Morning Notes – Wednesday November 6, 2019

Directional Bias For The Day: S&P Futures are higher; The odds are for a sideways to an up day – watch for break below 3067.50 for change of fortune Key economic data due: Prelim Non-Farm Productivity (-0.3% vs. 1.0% est.; prev. 2.3%) at 8:30 AM Prelim Unit Labor Costs ( 3.6% vs. 2.2% est. ;…

Morning Notes – Tuesday November 5, 2019

Directional Bias For The Day: S&P Futures are higher; The odds are for a sideways to an up day – watch for break below 3072.50 for change of fortune Key economic data due: Final Service PMI ( 51.0 est.; prev. 51.0) at 9:45 AM ISM Non-Manufacturing PMI ( 53.5 est. ; prev. 52.6) at 10:00…

Morning Notes – Friday October 25, 2019

Directional Bias For The Day: S&P Futures are lower; The odds are for a sideways to an up day – watch for break below 3000.00 for change of fortune Key economic data due: Revised UoM Consumer Sentiment¬† ( 96.0 est.; prev. 96.0) at 10:00 AM Revised UoM Inflation Expectations¬† (¬† prev. 2.5%) at 10:00 AM…

Morning Notes – Thursday October 24, 2019

Directional Bias For The Day: S&P Futures are higher; The odds are for a sideways to an up day – watch for break below 3003.00 for change of fortune Key economic data due: Durable Goods Orders (-1.1% vs. -0.5% est.; prev. 0.3%) at 8:30 AM Core Durable Goods Orders (-0.3% vs. -0.2% est. ; prev.…

Morning Notes – Wednesday October 23, 2019

Directional Bias For The Day: S&P Futures are lower to sideways; The odds are for a sideways to down day – watch for break above 2997.75 for change of fortune No key economic data due: Directional Bias Before Open: Weekly: Uptrend Daily: Confirmed Uptrend 120-Min:Side 30-Min: Side-Down 15-Min: Down-Side 6-Min: Side Key Levels: Critical support…