Morning Notes – Tuesday September 3, 2019

Directional Bias For The Day: S&P Futures are lower; The odds are for a down day – watch for break above 2913.75 for change of fortune Key economic data due: ISM Manufacturing PMI ( 51.2 est.; prev. 51.2 ) at 10:00 AM Construction Spending¬† (0.3% est.; prev. -1.3%) at 10:00 AM ISM Manufacturing Prices (…

Morning Notes – Friday August 30, 2019

Directional Bias For The Day: S&P Futures are higher; The odds are for an up day – watch for break below 2934.25 for change of fortune Key economic data due: Personal Spending (0.6% vs. 0.5% est.; prev. 0.3%) at 8:30 AM Core PCE Price Index (0.2% vs. 0.3% est.; prev. 0.2%) at 8:30 AM Personal…

Morning Notes – Thursday August 29, 2019

Directional Bias For The Day: S&P Futures are higher; The odds are for an up day with elevated volatility – watch for break below 2906.25 for change of fortune ¬†Key economic data due: Prelim GDP (2.0% vs. 2.0% est.; prev. 2.1%) at 8:30 AM Goods Trade Balance (-72.3B vs. -74.0B est.; prev. -74.2B) at 8:30…

Morning Notes – Wednesday August 28, 2019

Directional Bias For The Day: S&P Futures are lower; The odds are for a down day with elevated volatility – watch for break above 2878.00 for change of fortune The 61.8% Fibonacci retracement of the big decline on Friday – from 2936.50 to 2810.25 – is achieved near 2888.00; the 78.6% Fibonacci retracement is near…

Morning Notes – Tuesday August 27, 2019

Directional Bias For The Day: S&P Futures are higher; The odds are for an up day with elevated volatility – watch for break below 2869.25 for change of fortune The 61.8% Fibonacci retracement of the big decline on Friday – from 2936.50 to 2810.25 – is achieved near 2888.00; the 78.6% Fibonacci retracement is near…

Morning Notes – Monday August 26, 2019

Directional Bias For The Day: S&P Futures are higher; The odds are for an up day with elevated volatility – watch for break below 2863.50 for change of fortune The 61.8% Fibonacci retracement of the big decline on Friday – from 2936.50 to 2810.25 – is achieved near 2888.00; the 78.6% Fibonacci retracement is near…

Morning Notes – Friday August 23, 2019

Directional Bias For The Day: S&P Futures are higher; The odds are for a sideways too an up day – watch for break below 2918.75 and break above 2929.75 for change of fortune Key economic data due: New Home Sales ( 645K est. ; prev. 646K) at 10:00 AM Fed Chair Powell Speech at 10:00…

Morning Notes – Thursday August 22, 2019

Directional Bias For The Day: S&P Futures are higher; The odds are for an up to sideways day – watch for break below 2918.50 for change of fortune Key economic data due: Unemployment Claims ( 217K est. ; prev. 220K) at 8:30 AM Flash Manufacturing PMI ( 50.5 est.; prev. 50.4) at 9:45 AM Flash…

Morning Notes – Friday August 16, 2019

Directional Bias For The Day: S&P Futures are higher; The odds are for an up day with elevated volatility – watch for break below 2861.50 for change of fortune Key economic data due: Building Permits ( 1.34 M vs. 1.27M est. ; prev. 1.23M ) at 8:30 AM Housing Starts ( 1.19M vs. 1.26M est.…