Morning Notes – Tuesday October 10, 2017

Directional Bias For The Day: S&P Futures are higher Drifting higher since 3:00 PM on October 9 Odds are for an up to sideways day – watch for break below 2543.75 and below 2539.25 for change of fortunes No key economic data due: Markets Around The World Markets in the East closed mostly higher  – Sydney was down; Seoul was closed European markets are mostly down – Switzerland…

Morning Notes – Monday October 9, 2017

Directional Bias For The Day: S&P Futures are higher Drifting higher since 11:30 AM on October 6 Odds are for an up to sideways day – watch for break below 2546.75 and below 2541.50 for change of fortunes Bond market closed due to Columbus Day No key economic data due: Markets Around The World Markets in the East were either closed or mixed – Hong…

Morning Notes – Friday October 6, 2017

Directional Bias For The Day: S&P Futures are almost unchanged Drifting sideways since 4:00 PM Awaiting Non-Farm Payroll report at :30 AM Bias will become clear post NFP report; an in-line report will increase the odds for a sideways move – watch for break below 2545.50 and above 2550.75 for change of fortunes Key economic data due: Non-Farm Employment Change (est. 82K) at 8:30 AM Average Hourly…

Morning Notes – Thursday October 5, 2017

Directional Bias For The Day: S&P Futures are lower Drifting up since 1:00 AM Odds are for an up to sideways move – watch for break below 2535.75 for change of fortunes Key economic data due: Unemployment Claims (260K vs. 266K est.) at 8:30 AM Trade Balance (-42.4B vs. -42.7B est.) at 8:30 AM Factory Orders (est. 1.0%) at 10:00 AM Markets Around The World Markets…

Morning Notes – Wednesday October 4, 2017

Directional Bias For The Day: S&P Futures are lower Drifting sideways with down bias since 4:30 PM on October 3 Odds are for a sideways to down move – watch for break above 2533.50 and below 2529.50 for change of fortunes Key economic data due: ADP Non-Farm Employment Change (135K vs. 131K est.) at 8:15 AM ISM Non-Manufacturing PMI (est. 55.5) at 10:00…

Morning Notes – Tuesday October 3, 2017

Directional Bias For The Day: S&P Futures are higher Drifting sideways since 4:00 PM on October 2 Odds are for a sideways move with upward bias – watch for break above 2529.50 and below 2525.50 for change of fortunes No Key economic data due: Markets Around The World Markets in the East closed mostly up – Sydney was down; Shanghai and Seoul were closed for the day;…

Morning Notes – Monday October 2, 2017

Directional Bias For The Day: S&P Futures are higher Drifting down after making all time high of 2523.75 at the weekly open Odds are for an up to a sideways move – watch for break above 2521.25 and below 2513.50 for change of fortunes Key economic data due: ISM Manufacturing PMI (est. 57.9) at 10:00 AM Markets Around The World Markets in the East closed…

Morning Notes – Friday September 29, 2017

Directional Bias For The Day: S&P Futures are lower Within a narrow horizontal channel – between 2507.50 and 2505.50 – since 6:30 PM on September 28 Odds are for a sideways – watch for break above 2508.25 and below 2504.50 for change of fortunes  Key economic data due: Core PCE Price Index (0.1% vs. 0.2% est.) at 8:30 AM Personal Spending (0.1% vs. 01.%…

Morning Notes – Thursday September 28, 2017

Directional Bias For The Day: S&P Futures are lower New leg down at 7:30 Am after a sideway move from 6:00 PM on September 27; an ABCD pattern; price near the 100% extension target of 2498.25 Odds are for a down day – watch for break above 2505.50 for change of fortunes  Key economic data due: Final GDP (3.1% vs. 3.0% est.) at 8:30…

Morning Notes – Wednesday September 27, 2017

Directional Bias For The Day: S&P Futures are higher Moving mostly up 3:30 PM on September 26 Near a double top at 2501.25; break above will have a target near 2510.50 Resistance at 2501.25 and the downtrend line from the high of September 20 Odds are for an up day – watch for break below 2496.75 for change of fortunes  Key economic data due: Core Durable…