Morning Notes – Wednesday February 6, 2019

Directional Bias For The Day: S&P Futures are not much changed from 9:3-0 AM on Tuesday; moving up since 4:30 from 2724.50 Odds are for sideways to an up day – watch for break below 2724.50 for change of fortune No Key economic data due: Markets Around The World Markets in the East closed up – Shanghai, Hong Kong, Seoul…

Morning Notes – Tuesday February 5, 2019

Directional Bias For The Day: S&P Futures are moving sideways to up since the NYSE close on Monday Odds are for an up day – watch for break below 2716.25 for change of fortune Key economic data due: ISM Non-Manufacturing PMI (est. 57.2; prev. 57.6) at 10:00 AM Markets Around The World Markets in the East closed mostly…

Morning Notes – Monday February 4, 2019

Directional Bias For The Day: S&P Futures are moving sideways Odds are for a sideways to up day – watch for break above 2709.25 and below 2698.00 for clarity No key economic data due Markets Around The World Markets in the East closed mostly up – Singapore closed down; Shanghai and Seoul were closed European markets are mostly lower – U.K.…

Morning Notes – Friday February 1, 2019

Directional Bias For The Day: S&P Futures are drifting down since 4:30 PM on Thursday Odds are for a sideways to down day – watch for break above 2708.25 for change of fortunes Key economic data due: Non Farm Employment Change (est. 165K; 312K prev.) at 8:30 AM Average Hourly Earnings (est. 0.3%; 0.4% prev.) at 8:30 AM Unemployment Rate (est. 3.9%;…

Morning Notes – Thursday January 31, 2019

Directional Bias For The Day: S&P Futures are moving sideways Odds are for an up day with elevated volatility – watch for break below 2674.25 for change of fortunes Key economic data due: Employment Cost Index (0.7% vs. 0.8% est.; prev. 0.8%) at 8:30 AM Unemployment Claims (253K vs. 215K est.; prev. 199K) at 8:30 AM Chicago PMI (est. 61.5; prev65.4) at 9:45 AM…

Morning Notes – Wednesday January 30, 2019

Directional Bias For The Day: S&P Futures are higher; moving higher since 2:30 PM; breaking above an ascending triangle on 30-minute chart Daily and weekly trends are down Odds are for an up day with elevated volatility – watch for break below 2644.75 for change of fortunes Key economic data due: ADP Non-Farm Employment Change (est. 180K; prev. 271K) at 8:15 AM Pending Home Sales (est.…

Morning Notes – Tuesday January 29, 2019

Directional Bias For The Day: S&P Futures are higher; moving higher since 8:30 PM on Monday in steps Daily and weekly trends are down Odds are for an up day with elevated volatility – watch for break below 2637.50 for change of fortunes Key economic data due: S&P/Case-Shiller Composite-20 HPI (est. 5.0%; prev. 5.0%) at 9:00 AM CB Consumer Confidence (est. 125; prev. 128.1) at 10:00…

Morning Notes – Monday January 28, 2019

Directional Bias For The Day: S&P Futures are lower; moving lower since 12:00 PM on Friday Daily and weekly trends are down Odds are for a down day with elevated volatility – watch for break above 2648.00 for change of fortunes No key economic data due: Markets Around The World Markets in the East closed mostly lower – Hong Kong was up and Sydney was closed European…

Morning Notes – Wednesday January 16, 2019

Directional Bias For The Day: S&P Futures are higher; moving mostly sideways since 3:30 PM on Tuesday Daily and weekly trends are down Odds are for an up day with elevated volatility – watch for break below 2602.50 for change of fortunes Key economic data due: Import Prices (est. -1.3%; -1.% prev.) at 8:30 AM NAHB Housing Market Index  (est. 56; 56 prev. ) at 10:00 AM Markets Around The World…

Morning Notes – Tuesday January 15, 2019

Directional Bias For The Day: S&P Futures are little changed; moving down since 0:30 AM after rising by nearly 20 points Daily and weekly trends are down Odds are for a sideways to down day with elevated volatility – watch for break above 2591.75 and break below 2577.00 for more clarity Key economic data due: PPI (est. -0.1%; 0.1% prev.) at 8:30 AM Core PPI (est. 0.2%; 0.31% prev.)…