Morning Notes – Friday November 22, 2019

Directional Bias For The Day: S&P Futures are higher; rising since 10:30 AM on Thursday The odds are for an up to sideways day; watch for break below 3098.25 for change of fortune Key economic data due: Flash Manufacturing PMI ( 51.5 est.; prev. 51.3) at 9:45 AM Flash Services PMI ( 51.2 est. ;…

Morning Notes – Thursday November 21, 2019

Directional Bias For The Day: S&P Futures are higher; rising since making a near double bottom at 8:30 PM The odds are for an up to sideways day; watch for break below 3098.25 for change of fortune Key economic data due: Philly Fed Manufacturing Index ( 10.4 vs. 7.0 est.; prev. 5.6) at 8:30 AM…

Morning Notes – Wednesday November 20, 2019

Directional Bias For The Day: S&P Futures are lower; declining since 6:00 AM on November 19 The odds are for a down to sideways day; watch for break above 3124.25 for change of fortune Key economic data due: FOMC Meeting Minutes at 2:00 PM Directional Bias Before Open: Weekly: Uptrend Daily: Confirmed Uptrend 120-Min: Up-Side…

Morning Notes – Tuesday November 19, 2019

Directional Bias For The Day: S&P Futures are higher, though pulling back little bit since 4:30 AM The odds are for an up to sideways day; watch for break below 3115.25 for change of fortune Key economic data due: Building Permits ( 1.46M vs. 1.39M est.; prev. 139M) at 8:30 AM Housing Starts (1.31M vs.…

Morning Notes – Monday November 18, 2019

Directional Bias For The Day: S&P Futures are higher, though pulling back since 7:30 AM The odds are for an up to sideways day; watch for break below 3111.75 for change of fortune Key economic data due: NAHB housing Market Index ( 71 est.; prev. 71) at 10:00 AM Directional Bias Before Open: Weekly: Uptrend…

Morning Notes – Friday November 15, 2019

Directional Bias For The Day: S&P Futures are essentially moving sideways for the past few days; broke above the range at 6:00 PM on Thursday The odds are for an up day but mostly likely sideways from pre-open levels; watch for break below 3095.75 for change of fortune Key economic data due: Retail Sales (…

Morning Notes – Thursday November 14, 2019

Directional Bias For The Day: S&P Futures are essentially moving sideways for the past few days The odds are for a sideways to down day; watch for break above 3095.75 and below 3075.75 for clarity Key economic data due: PPI (0.4% vs. 0.3% est.; prev. -0.3%) at 8:30 AM Core CPI (0.3% vs. 0.2% est.;…