Morning Notes – Friday January 3, 2020

Directional Bias For The Day: S&P Futures are lower; sharp decline at 8:30 PM; bouncing since 5:30 AM after falling nearly 60 points; up 20 points since The odds are for a down day with elevated volatility – watch for break above 3240.00 for change of fortune Key economic data due: ISM Manufacturing PMI (…

Morning Notes – Friday December 20, 2019

Directional Bias For The Day: S&P Futures are higher; moving higher since 4:30 AM The odds are for an up day – watch for break below 3209.00 for change of fortune Key economic data due: Final GDP ( 2.1% vs. 2.1% est.; prev. 2.1%) at 8:30 AM Final GDP Price Index (1.8% vs. 1.8% est.;…

Morning Notes – Wednesday December 18, 2019

Directional Bias For The Day: S&P Futures are little changed Moving sideways since 9:30 AM on Monday The odds are for a sideways day – watch for break above 3203.50 and break below 3192.00 for clarity No key economic data due: Directional Bias Before Open: Weekly: Uptrend Daily: Confirmed Uptrend 120-Min: Up-Side 30-Min: Side 15-Min:…

Morning Notes – Tuesday December 17, 2019

Directional Bias For The Day: S&P Futures are higher Moving sideways since 9:30 AM on Monday The odds are for a sideways to an up day – watch for break above 3202.25 and break below 3192.00 for clarity Key economic data due: Building Permits ( 1.48M vs. 1.41M est. ; prev. 1.46M ) at 8:30…

Morning Notes – Monday December 16, 2019

Directional Bias For The Day: S&P Futures are higher Moving higher since 11:30 AM on Friday The odds are for an up day with increased chances of sideways to down move from current level – watch for break above 3195.50 and break below 3178.75 Key economic data due: Empire State Manufacturing Index ( 3.5 vs.…

Morning Notes – Friday December 13, 2019

Directional Bias For The Day: S&P Futures are higher Moving mostly sideways to down after gapping up at 6:30 PM on Wednesday The odds are for an up day with increased chances of sideways to down move from current level – watch for break above 3185.50 and break below 3162.75 Key economic data due: Retail…

Morning Notes – Thursday December 12, 2019

Directional Bias For The Day: S&P Futures are little changed to lower; Moving mostly sideways since 8:30 AM on December 10 The odds are for a sideways to down day – watch for break above 3150.75 for change of fortune Key economic data due: PPI ( 0.0% vs. 0.2% est. ; prev. 0.4%) at 8:30…

Morning Notes – Wednesday December 11, 2019

Directional Bias For The Day: S&P Futures are little changed to higher; Moving mostly sideways since 8:30 AM on Tuesday FOMC rate decision day The odds are for a sideways day – watch for break above 3143.50 and break below 3127.50 for clarity Key economic data due: CPI ( 0.3% vs. 0.2% est. ; prev.…

Morning Notes – Tuesday December 10, 2019

Directional Bias For The Day: S&P Futures are little changed to higher; were down more than 20 points till 6:00 AM and then bounced on news The odds are for a sideways to down day with increased volatility; watch for break above 3141.75 for change of fortune Key economic data due: Revised Non-Farm Productivity (…

Morning Notes – Friday December 6, 2019

Directional Bias For The Day: S&P Futures are higher; rising since 9:30 AM on December 3 The odds are for an up day; watch for break below 3121.25 for change of fortune Key economic data due: Non-Farm Employment Change ( 266K vs. 181K; prev. 128K ) at 8:30 AM Unemployment Rate ( 3.5% vs. 3.6%…