Morning Notes – Thursday September 6, 2018

Directional Bias For The Day: S&P Futures are unchanged to up; moving within a symmetrical triangle on 30-min chart Odds are for a sideways to up day; watch for break above 2892.75 and below 2885.50 for clarity Key economic data due: ADP Non-Farm Employment Change (163K vs. 195K) at 8:15 AM Unemployment Claims (203K vs. 214K est.) at 8:30 AM…

Morning Notes – Wednesday September 5, 2018

Directional Bias For The Day: S&P Futures are lower; bouncing off from a low 2885.00, near Tuesday’s low, at 4:00 AM Odds are for a sideways to down day; watch for break above 2899.25 and below 2885.00 for clarity No key economic data due: Markets Around The World Markets in the East closed lower European markets are mostly down – Italy is…

Morning Notes – Tuesday September 4, 2018

Directional Bias For The Day: S&P Futures are lower; near a support level Odds are for a sideways to down day; watch for break above 2898.25 and below 2892.00 for clarity Key economic data due: ISM Manufacturing PMI (est. 57.6) at 10:00 AM Markets Around The World Markets in the East closed mixed – Shanghai, Hong Kong, Seoul and Singapore were up;…

Morning Notes – Friday August 31, 2018

Directional Bias For The Day: S&P Futures are lower; forming a double bottom on 30-minute chart Odds are for a sideways to down day with low volume, hence unpredictability; watch for break above 2898.25 and below 2895.00 for clarity Key economic data due: Chicago PMI (est. 63.0) at 9:45 AM Markets Around The World Markets in the East closed mostly down…

Morning Notes – Friday August 3, 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)…