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.;…

Morning Notes – Wednesday November 13, 2019

Directional Bias For The Day: S&P Futures are essentially moving sideways for the past few days The odds are for a sideways day to down; watch for break above 3088.00 and below 3072.50 for clarity Key economic data due: CPI (0.4% vs. 0.3% est.; prev. 0.0%) at 8:30 AM Core CPI (0.2% vs. 0.2% est.;…

Morning Notes – Tuesday November 12, 2019

Directional Bias For The Day: S&P Futures are essentially moving sideways for the past couple of days The odds are for a sideways day; watch for break above 3097.00 and below 3072.50 for clarity No key economic data due: Directional Bias Before Open: Weekly: Uptrend Daily: Confirmed Uptrend 120-Min: Up-Side 30-Min: Side 15-Min: Side 6-Min:…

Morning Notes – Monday November 11, 2019

Directional Bias For The Day: S&P Futures are moving sideways since 3:00 PM on Thursday Veterans Day Federal holiday; no bonds trading The odds are for a sideways to an up day; watch for break above 3097.00 and below 3072.50 for clarity No key economic data due: Directional Bias Before Open: Weekly: Uptrend Daily: Confirmed…

Morning Notes – Friday November 8, 2019

Directional Bias For The Day: S&P Futures are moving up since 12:00 AM after declining from all time high at 11:45 AM on Thursday; The odds are for an up to sideways day; watch for break above 3097.00 and below 3076.75 for clarity Key economic data due: Prelim UoM Consumer Sentiment ( 96.0 est.; prev.…

Morning Notes – Thursday November 7, 2019

Directional Bias For The Day: S&P Futures are higher; The odds are for an up day with good chance of sideways move from current level – watch for break below 3078.00 for change of fortune Key economic data due: Unemployment Claims ( 211K vs. 215K ; prev. 219K ) at 8:30 AM Directional Bias Before…

Morning Notes – Wednesday November 6, 2019

Directional Bias For The Day: S&P Futures are higher; The odds are for a sideways to an up day – watch for break below 3067.50 for change of fortune Key economic data due: Prelim Non-Farm Productivity (-0.3% vs. 1.0% est.; prev. 2.3%) at 8:30 AM Prelim Unit Labor Costs ( 3.6% vs. 2.2% est. ;…

Morning Notes – Tuesday November 5, 2019

Directional Bias For The Day: S&P Futures are higher; The odds are for a sideways to an up day – watch for break below 3072.50 for change of fortune Key economic data due: Final Service PMI ( 51.0 est.; prev. 51.0) at 9:45 AM ISM Non-Manufacturing PMI ( 53.5 est. ; prev. 52.6) at 10:00…