Morning Notes – Monday February 24, 2020

Directional Bias For The Day: S&P Futures are sharply lower; The odds are for a down day with elevated volatility; good chance of a bounce at the open from pre-open lows News from China/South Korea is affecting the sentiments No key economic data due: Directional Bias Before Open: Weekly: Uptrend Daily: Uptrend Under Pressure 120-Min:…

Morning Notes – Tuesday February 11, 2020

Directional Bias For The Day: S&P Futures are higher; The odds are for an up day; watch for break below 3355.25 for change of fortune Key economic data due: Fed Chair Powell’s Humphrey-Hawkins Testimony JOLTS Job Openings ( est. 6.93M; prev 6.80 M) at 10;00 AM Directional Bias Before Open: Weekly: Uptrend Daily: Uptrend Under…

Morning Notes – Tuesday February 4, 2020

Directional Bias For The Day: S&P Futures are higher; The odds are for an up day with elevated volatility Key economic data due: Factory Orders ( 0.7% est.; prev. -0.7% ) at 10;00 AM Directional Bias Before Open: Weekly: Uptrend Daily: Uptrend Under Pressure 120-Min: Side 30-Min: Up 15-Min: Up 6-Min: Up-Side Key Levels: Critical…

Morning Notes – Monday February 3, 2020

Directional Bias For The Day: S&P Futures are higher; The odds are for an up day with elevated volatility Key economic data due: Final Manufacturing PMI (51.9 vs. 51.7 est.; prev. 51.7) at 9:45 AM ISM Manufacturing PMI ( 50.9 vs. 48.5 est.; prev. 472. ) at 10:00 AM Construction Spending ( -0.2% vs. 0.35%…

Morning Notes – Tuesday January 28, 2020

Directional Bias For The Day: S&P Futures are higher; The odds are for an up day with elevated volatility Futures are up nearly 20 points and there is great chance that the next move could be sideways from pre-open low levels Key economic data due: Durable Goods ( 2.4% vs. 1.2% est. ; prev. -2.1%…