Morning Notes – Monday January 13, 2020

Directional Bias For The Day: S&P Futures are higher; The odds are for a sideways to an up day – watch for break below 3271.75 for change of fortune No key economic data due: Directional Bias Before Open: Weekly: Uptrend Daily: Uptrend 120-Min: Up-Side 30-Min: Side 15-Min: Side-Up 6-Min: Up Key Levels: Critical support levels…

Morning Notes – Friday January 10, 2020

Directional Bias For The Day: S&P Futures are higher; Non-Farm Payroll day The odds are for an up day – watch for reaction following payroll report; watch break below 3264.25 for change of fortune Key economic data due: Non-Farm Employment Change ( 162K est.; prev. 266K ) at 8:30 AM Average Hourly Earnings ( 0.3%…

Morning Notes – Thursday January 9, 2020

Directional Bias For The Day: S&P Futures are higher; bounced up following the drop during the last half-hour of trading on Wednesday; up 18 point from that low; moving sideways since 2:30 AM The odds are for an up day – watch for break below 3257.75 for change of fortune Key economic data due: Unemployment…

Morning Notes – Wednesday January 8, 2020

Directional Bias For The Day: S&P Futures are higher following a nearly 50+ points drop during Asian session; The odds are for an up day with elevated volatility – watch for break below 3221.75 for change of fortune Key economic data due: ADP Non-Farm Employment Change (202K vs.160K est.; prev. 124K ) at 8:15 AM…

Morning Notes – Monday January 6, 2020

Directional Bias For The Day: S&P Futures are lower; gapped down at week’s open and broke below a low since then; bouncing off the lows near support levels The odds are for a down day with elevated volatility – watch for break above 3222.75 and 3230.00 for change of fortune Key economic data due: Final…

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 (…