Morning Notes – Friday August 7, 2020

Directional Bias For The Day: S&P Futures are lower; The odds are for a sideways to down day with elevated volatility – watch for a break above 3345.50 and below 3323.25 for clarity Key economic data due: Non-Farm Employment Change ( 1763K vs. 1530K est.; prev. 4791K) at 8:30 AM Unemployment Rate ( 0.2% vs.…

Morning Notes – Friday July 31, 2020

Directional Bias For The Day: S&P Futures are higher; The odds are for an up to sideways day – watch for a break below 3245.75 for change of sentiments Key economic data due: Core PCE Price Index ( 0.2% vs. 0.2% est.; prev. 0.1%) at 8:30 AM Personal Spending ( 5.6% vs. 5.3% est.; prev.…

Morning Notes – Thursday July 30, 2020

Directional Bias For The Day: S&P Futures are lower; The odds are for a sideway to down day – watch for a break above 3247.25 for change of sentiments Key economic data due: Advanced GDP ( -32.9% vs. -34.5% est.; prev. -5.0%) at 8:30 AM Advanced GDP Price Index ( -1.8% vs. 0.0% est.; prev.…

Morning Notes – Wednesday July 29, 2020

Directional Bias For The Day: S&P Futures are higher; The odds are for a sideway day – watch for a break above 3236.50 and break below 3204.50 for clarity Key economic data due: Good Trade Balance ( -70.6B vs. -75.5B est.; prev. -74.3B) at 8:30 AM Prelim Wholesale Inventories ( -2.0% vs. -0.4% est.; prev.…

Morning Notes – Wednesday July 22, 2020

Directional Bias For The Day: S&P Futures are lower; The odds are for a sideways to a down day – watch for a break above 3265.50 for change of sentiments Key economic data due: HPI ( 0.3% est.; prev. 0.2%) at 9:00 AM Existing Home Sales ( 4.77M est.; prev. 3.91M) at 10:00 AM Directional…

Morning Notes – Tuesday July 21, 2020

Directional Bias For The Day: S&P Futures are higher; The odds are for an up day; elevated volatility – watch for a break below 3241.00 for change of sentiments No key economic data due: Directional Bias Before Open: Weekly: Uptrend since March 23 under pressure Daily: Uptrend since March 23 resumed 120-Min: Side-Up 30-Min: Side-Up…

Morning Notes – Monday July 20, 2020

Directional Bias For The Day: S&P Futures are higher; The odds are for a sideways day moving within a range – watch for a break above 322.25 and break below 3190.25 for change of sentiments No key economic data due: Directional Bias Before Open: Weekly: Uptrend since March 23 under pressure Daily: Uptrend since March…

Morning Notes – Friday July 17, 2020

Directional Bias For The Day: S&P Futures are higher; The odds are for a sideways to an up day; elevated volatility – watch for a break below 3195.25 for change of sentiments Key economic data due: Building Permits (1.24M vs. 1.30M est.; prev. 1.22M) at 8:30 AM Housing Starts (1.19M vs. 1.17M est.; prev. 0.97M)…