Morning Notes – Friday April 3, 2020

Directional Bias For The Day: S&P Futures are lower; gradually rising since 1:00 AM The odds are for a sideways to up day from pre-NYSE session levels with high volatility – watch for break below 2487.00 for change of fortune Key economic data due: Non-Farm Employment Change ( -700K vs. -100K est.; prev. 2737K )…

Morning Notes – Thursday April 2, 2020

Directional Bias For The Day: S&P Futures are higher to unchanged; were higher before Unemployment Claims report; down from 2502.00 at 4:00 AM to near 2460.00 at 9:00 AM The odds are for a sideways to down day from pre-NYSE session levels with high volatility – watch for break above 2502.00 for change of fortune…

Morning Notes – Wednesday April 1, 2020

Directional Bias For The Day: S&P Futures are lower The odds are for a down day with high volatility – watch for break above 2512.00 for change of fortune Key economic data due: ADP Non-Farm Employment Change ( -27K vs. -150K est.; prev. 179K ) at 8:30 AM Final Manufacturing PMI (est. 48.2; prev. 49.2)…

Morning Notes – Monday March 30, 2020

Directional Bias For The Day: S&P Futures are higher The odds are for a sideways to an up day with high volatility – watch for break below 2495.00 for change of fortune Key economic data due: Pending Home Sales (est. -1.8%; prev. 5.2%) at 10:00 AM Directional Bias Before Open: Weekly: In Correction Daily: In…

Morning Notes – Friday March 27, 2020

Directional Bias For The Day: S&P Futures are lower; declining since 7:45 PM on Thursday – down 100 points The odds are for a sideways to down day with extreme volatility – watch for break above 2567.75 and break 2527.00 for clarity Key economic data due: Core PCE Price Index ( 0.2% vs. 0.2% est.;…

Morning Notes – Thursday March 26, 2020

Directional Bias For The Day: S&P Futures are lower; declining since 2:00 PM on Wednesday – down 150 points The odds are for a sideways to down day with extreme volatility – watch for break above 2451.25 and break 2387.00 for clarity Key economic data due: Unemployment Claims ( 3283K vs. 1648K; prev. 281K) at…

Morning Notes – Wednesday March 25, 2020

Directional Bias For The Day: S&P Futures are lower and volatile; off the higher around 2500.00 reached in European session The odds are for a sideways day with extreme volatility – watch for break below 2387.50 and break above 2498.00 for clarity Key economic data due: Durable Goods Orders ( 1.2% vs. -1.0% est.; prev.…

Morning Notes – Tuesday March 24, 2020

Directional Bias For The Day: S&P Futures are higher and volatile; The odds are for an up day – a bounce from oversold levels; extreme volatility – watch for break below 2301.25 for change of fortune Key economic data due: Flash Manufacturing PMI (est. 45.1; prev. 50.7) at 9:45 AM Flash Services PMI ( est.…

Morning Notes – Monday March 23, 2020

Directional Bias For The Day: S&P Futures are erratic; The odds are for an up day – a bounce from oversold levels; extreme volatility- watch for break below 2204.50 No key economic data due: Directional Bias Before Open: Weekly: In Correction Daily: In Correction 120-Min: Down 30-Min: Down-Side 15-Min: Side-Up 6-Min: Side Key Levels: Critical…

Morning Notes – Friday March 20, 2020

Directional Bias For The Day: S&P Futures are higher; The odds are for an up day – a bounce from oversold levels; extreme volatility- watch for break below 2380.75 and break above 2499.00 No key economic data due: Directional Bias Before Open: Weekly: In Correction Daily: In Correction 120-Min: Down 30-Min: Side-Up 15-Min: Side-Up 6-Min:…