Morning Notes – Tuesday March 12, 2019

Directional Bias For The Day: S&P Futures are higher; moving mostly sideways to down since reaching a high of 2799.00 at 6:30 PM on Monday Odds are for a sideways to down day with elevated volatility – watch for break above 27497.00 and below 2785.50 for clarity Key economic data due: Core CPI (0.1% vs.…

Morning Notes – Monday March 11, 2019

Directional Bias For The Day: S&P Futures are higher; moving mostly sideways to up since 9:15 PM on Sunday Odds are for an up day with elevated volatility – watch for break below 2748.25 for change of fortune Key economic data due: Core Retail Sales (0.9% vs. 0.4% est.; prev. -2.1%) at 8:30 AM Retail…

Morning Notes – Friday March 8, 2019

Directional Bias For The Day: S&P Futures are down; moving mostly sideways since 2:00 AM Odds are for a down day with elevated volatility – watch for break above 2750.50 for change of fortune Key economic data due: Non-Farm Employment Change (est. 180K;prev. 304K ) at 8:30 AM Unemployment Rate (est. 3.9%; prev. 4.0%) at 8:30…

Morning Notes – Thursday March 7, 2019

Directional Bias For The Day: S&P Futures are little changed to up; moving since 2:30 AM; below a downtrend line Odds are for a down to sideways day – watch for break above 2778.75 and above the downtrend line for change of fortune Key economic data due: ECB Monetary Policy Statement at 7:30 AM ECB…

Morning Notes – Wednesday March 6, 2019

Directional Bias For The Day: S&P Futures are little changed to down; moving within a narrow range since NYSE close on Tuesday; moivng up since 11:00 PM from a low of 2781.50 Odds are for a sideways day – watch for break above 2796.75 or below 2781.50 for clarity Key economic data due: ADP Non-Farm…

Morning Notes – Tuesday March 5, 2019

Directional Bias For The Day: S&P Futures are little changed; drifting down since 4:30 AM after rising since 1:00 Pm on Monday Odds are for a down to sideways day – watch for break above 2796.50 for change of fortune Key economic data due: ISM Non-Manufacturing PMI (est. 57.4; prev. 56.7) at 10:00 AM New…

Morning Notes – Monday March 4, 2019

Directional Bias For The Day: S&P Futures are higher; moving up since 5:00 AM after declining from a high of 2819.75 at 6:00 PM Odds are for an up day – watch for break below 2809.50 for change of fortune No key economic data due: Markets Around The World Markets in the East closed mostly higher…

Morning Notes – Friday March 1, 2019

Directional Bias For The Day: S&P Futures are higher; moving up since 6:00 PM on Thursday; broke above a symmetrical triangle; Odds are for an up day – watch for break below 2795.25 for change of fortune Key economic data due: Core PCE Price Index (est. 0.2%; prev. 0.1%) at 8:30 AM Personal Spending ( est. -0.2%; prev. 0.4%) at 8:30 AM…

Morning Notes – Thursday February 28, 2019

Directional Bias For The Day: S&P Futures are lower; moving up since 2:00 AM from 2781.75; moving sideways to higher since 3:45 AM Odds are for a sideways to an up day – watch for break below 2785.50 for change of fortune Key economic data due: Advanced GDP (2.6% vs. 2.2% est.; 3.4% prev.) at 8:30 AM Advanced GDP Price Index…

Morning Notes – Wednesday February 27, 2019

Directional Bias For The Day: S&P Futures are lower; broke below a Double Top after NYSE close; tracing an up-sloping flag since 4:00 AM Odds are for a down day – watch for break above 2793.25 for change of fortune No Key economic data due: Sentiment & Catalyst Rick-off mood Markets Around The World Markets in the East closed mixed…