Morning Notes – Monday January 14, 2019

Directional Bias For The Day: S&P Futures are lower; moving sideways since 9:00 PM n Sunday Daily and weekly trends are down Odds are for a sideways to down day with elevated volatility (sideways from pre-NYSE open level and down from last close)  – watch for break above 2578.25 and break below 2567.25 for more clarity No key economic data due Markets Around The World Markets…

Morning Notes – Friday January 11, 2019

Directional Bias For The Day: S&P Futures are lower; moving down since 4:30 AM Daily and weekly trends are down Odds are for a down day with elevated volatility – watch for break above 2590.75 for change of fortune Key economic data due: CPI ( -0.1% vs. -0.1% est.; 0.0% prev.) at 8:30 AM Core CPI ( 0.2% vs. 0.2% est.; 0.2% prev.) at 8:30 AM Markets Around The…

Morning Notes – Thursday January 10, 2019

Directional Bias For The Day: S&P Futures are lower; moving sideways since 8:30 PM on Wednesday Daily and weekly trends are down Odds are for a sideways to down day (from pre-open level) with elevated volatility – watch for break above 2574.25 and break below 2565.25 for clarity Key economic data due: Unemployment Claims (216K vs. 226k est.; 233K prev.) at 8:30 AM Markets Around The World…

Morning Notes – Wednesday January 9, 2019

Directional Bias For The Day: S&P Futures are higher; moving sideways since 8:00 PM on Tuesday Horizontal channel emerging on 30-minute timeframe – high 2587.25 and low 2575.00 Daily and weekly trend is down Odds are for a sideways to down day (from pre-open level) with elevated volatility – watch for break above 2587.25 and break below 2575.00 for clarity Key economic data due: FOMC December…

Morning Notes – Tuesday January 8, 2019

Directional Bias For The Day: S&P Futures are higher; moving up since 2:45 PM on Monday Daily and weekly trend is down Odds are for an up day with elevated volatility – watch for break below 2553.75 for change of fortune; No Key economic data due: Markets Around The World Markets in the East mostly closed higher – Shanghai and Seoul closed down…

Morning Notes – Monday January 7, 2019

Directional Bias For The Day: S&P Futures are higher to little changed; moving lower since 7:30 PM on Sunday high of 2551.75, which was 20.50 pointes above Friday’s close Daily and weekly trend is down Odds are for a sideways to down up day with choppiness and elevated volatility – watch for break above 2535.50 for change of fortune; Key economic data…

Morning Notes – Friday January 4, 2019

Directional Bias For The Day: S&P Futures are higher; moving higher since 7:30 PM on Thursday; Daily and weekly trend is down Odds are for an up day with choppiness and elevated volatility – watch for break below 2470.75 for change of fortune; Key economic data due: Non-Farm Employment Change (312K vs. 179K; 155K Prev.) at 8:30 AM Average Hourly…

Morning Notes – Wednesday December 19, 2018

Directional Bias For The Day: S&P Futures are higher; moving higher since 4:30 PM on Tuesday; Daily and weekly trend is down but futures are ripe for a bounce Odds are for an up day with choppiness and elevated volatility – watch for break below 2545.50 for change of fortune; Key economic data due: Existing Home Sales ( est. 5.20M…

Morning Notes – Tuesday December 18, 2018

Directional Bias For The Day: S&P Futures are higher; moving higher since 0:30 AM; near a downtrend line from the high at 10:00 AM  on December 13; Odds are for an up day but mostly sideways from pre-open levels – watch for break above 2576.00 and break below 2552.25 for clarity; Key economic data due: Building Permits (…

Morning Notes – Monday December 17, 2018

Directional Bias For The Day: S&P Futures are lower; moving lower since 9:30 PM on Sunday; below Friday’s low Odds are for a down day with choppiness and elevated volatility – watch for break above 2605.00 for change of fortune Key economic data due: Empire State Manufacturing Index (10.9 vs. 20.1 est. and 23.3 prev.0.2% vs. 0.2% est. and 1.0% prev.) at 8:30 AM Markets Around…