Morning Notes – Monday March 27, 2017

Directional Bias For The Day: The futures are sharply lower Moved up from 2:30 AM lows of 2317.75 to high of 2327.50 by 5:00 AM; drifting lower since Odds are for a down day; watch for break above 2337.50 for change of fortunes Volatility will be elevated Markets Around The World Markets in the East closed lower European markets are lower Dollar index, USD/JPY and GBP/USD are lower; EUR/USD is…

Morning Notes – Friday March 24, 2017

Directional Bias For The Day: The futures are higher Moving sideways to down since 8:00 PM, Asian session, on March 23 – between 2349.50 and the 2340.75 – like that on Thursday; Moving higher since 6:30 AM low of 2340.75 Daily trend is down; 30-minute chart trend is sideways; Odds are for a sideways to down day; watch for break above 2349.50 and below 2340.75 for change…

Morning Notes – Thursday March 23, 2017

Directional Bias For The Day: The futures are higher Moving sideways since 6:30 PM on March 22 – between 2349.50 and the 2343.25; Daily trend is down; 30-minute chart trend is sideways; Odds are for a sideways to down day; watch for break above 2349.50 and below 2343.25 for change of fortunes Markets Around The World Markets in the East closed higher European markets are higher Dollar…

Morning Notes – Wednesday March 22, 2017

Directional Bias For The Day: The futures are lower Drifting higher since 2:30 AM Pressure is high for a follow through to the sharp decline on Tuesday Odds are for a sideways to down day; watch for break above 2349.50 and below 2337.75 for change of fortunes Markets Around The World Markets in the East closed sharply lower European markets are lower – Spain is…

Morning Notes – Tuesday March 21, 2017

Directional Bias For The Day: The futures are higher Moving sideways since 9:30 PM on March 20 – between 2376.75 and 2373.25 Odds are for a sideways to up day; watch for break above 2376.75 and below 2372.50 for change of fortunes Markets Around The World Markets in the East closed mixed – Shanghai, Hong Kong and Seoul were up; Tokyo, Sydney and Mumbai were down European markets are lower Dollar…

Morning Notes – Monday March 20, 2017

Directional Bias For The Day: The futures are lower; Moving, mostly, sideways since 4:00 PM on March 17 – between 2375.75 and 2368.75 Odds are for a sideways to down day; watch for break above 2375.75 and below 2368.50 for change of fortunes Markets Around The World Markets in the East closed mixed – Shanghai and Hong Kong were up; Sydney, Mumbai and Seoul…

Morning Notes – Friday March 17, 2017

Directional Bias For The Day: The futures are drifting higher; Moving, mostly, sideways since 10:30 AM on March 16 – between 2380.75 and 2373.50 Odds are for a sideways day; watch for break above 2380.75 and below 2375.50 for change of fortunes Key economic report: Industrial Production and University of Michigan Consumer Sentiment Markets Around The World Markets in the East closed mostly higher…

Morning Notes – Thursday March 16, 2017

Directional Bias For The Day: The futures are higher; Drifting higher since NYSE session close on Wednesday Odds are for an up day; watch for break below 2377.75 for change of fortunes Key economic report: Philly Fed Manufacturing and Unemployment Claims Markets Around The World Markets in the East closed higher European markets are mostly higher – Switzerland is lower Dollar index and USD/JPY are lower; GBP/USD…

Morning Notes – Wednesday March 15, 2017

Directional Bias For The Day: The futures are higher; Rising since 10:30 AM on March 14 Odds are for an up to sideways day; watch for break above 2372.00 and break below 2363.00 for change of fortunes Chart patterns on daily and 2-hour timeframes are bearish; on shorter time frames patterns are bullish FOMC’s two day March meeting culminates today; the…

Morning Notes – Tuesday March 14, 2017

Directional Bias For The Day: The futures are lower; Falling since 3:00 AM – European session open Broke below a horizontal channel on 30-min chart; target near 2358.00 Odds are for a down day; watch for break above 2372.00 FOMC’s two day March meeting starts today; it is weighing on the market Markets Around The World Markets in the East closed mixed – Hong Kong and…