Morning Notes – Friday August 2, 2018

Directional Bias For The Day: S&P Futures are little changed Declined from a high of 2836.00 at 7:30 AM to near previous close of 2828.50 Odds are for a sideways to down day with high volatility – watch for break above 2836.00 and below 2827.00 for clarity Key economic data due: Non-Farm Employment Change (157K vs. 191K est.) at 8:30 AM…

Morning Notes – Thursday August 2, 2018

Directional Bias For The Day: S&P Futures are lower Odds are for a down day with high volatility – watch for break above 2798.75 for clarity Key economic data due: Unemployment Claims (218K vs. 220K est.) at 8:30 AM Markets Around The World Markets in the East closed lower European markets are lower Currencies: Up Down Dollar index USD/CHF USD/CAD USD/INR EUR/USD GBP/USD…

Morning Notes – Wednesday August 1, 2018

Directional Bias For The Day: S&P Futures are higher; moving up from a low of 2813.50 since 6:45 AM Odds are for an up day with high volatility – watch for break above 2821.25 and below 2813.50 for clarity Key economic data due: ADP Non-Farm Employment Change (219K vs. 186K est.) at 8:15 AM ISM Manufacturing PMI (est. 59.4)…

Morning Notes – Tuesday July 31, 2018

Directional Bias For The Day: S&P Futures are higher; moving up from a low of 2798.25 since 12:30 PM on July 30; near a resistance level Odds are for a sideways to up day, with high volatility – watch for break above 2811.75 and below 2804.75 for clarity Key economic data due: Core PCE Price Index (0.1% vs. 0.1%…

Morning Notes – Monday July 30, 2018

Directional Bias For The Day: S&P Futures are unchanged to down; moving up from a low of 2806.50 since 10:30 PM on Sunday Odds are for a sideways to up day, with high volatility – watch for break above 2821.25 and below 2812.50 for clarity No key economic data due: Markets Around The World Markets in the East closed mostly…

Morning Notes – Friday July 27, 2018

Directional Bias For The Day: S&P Futures are higher; moving sideways to up since 6:00 PM on Wednesday in a narrow range Odds are for a sideways to up day – watch for break above 2845.50 and below 2839.00 for clarity Key economic data due: Advanced GDP (4.1% vs. 4.2% est.) at 8:30 AM Advanced GDP Price Index (3.0% vs.…

Morning Notes – Thursday July 26, 2018

Directional Bias For The Day: S&P Futures are lower; moving sideways since 6:00 PM on Wednesday in a narrow range Odds are for a sideways to down day – watch for break above 2841.25 and below 2833.50 for clarity Key economic data due: Durable Goods (1.0% vs. 3.0% est.) at 8:30 AM Core Durable Goods (0.4% vs. 0.5% est.) at 8:30…

Morning Notes – Wednesday July 25, 2018

Directional Bias For The Day: S&P Futures are lower; in the middle of an ascending triangle between 2822.00 and 2812.00 since 1:00 PM on July 24 Odds are for a sideways day – watch for break above 2822.00 and below 2812.00 for clarity No key economic data due: Markets Around The World Markets in the East closed mostly higher – Sydney…

Morning Notes – Tuesday July 24, 2018

Directional Bias For The Day:   S&P Futures are higher; moving up from a low of 2792.50 at 10:00 PM on Sunday; Odds are for an up day – watch for break below 2811.00 for change of fortune No key economic data due: Markets Around The World Markets in the East closed higher European markets are higher Currencies: Up Down EUR/USD GBP/USD…

Morning Notes – Monday July 23, 2018

Directional Bias For The Day: S&P Futures are down; moved up from a low of 2792.50 at 10:00 PM on Sunday; Odds are for a down-to-sideways day – watch for break above 2802.50 and break below 2797.oo for clarity Key economic data due: Existing Home Sales (5.38M vs. 5.46M est.) at 10:00 AM Markets Around The World Markets in…