Morning Notes – Thursday July 2, 2020

Directional Bias For The Day: S&P Futures are higher The odds are for an up day with good chance of  sideways move from pre-open levels near 3145.00; elevated volatility – watch for break below 3123.700for change of sentiments Key economic data due: Non-Farm Employment Change (4800K vs. 3037K est.; prev. 2509K) at 8:30 AM Unemployment…

Morning Notes – Wednesday July 1, 2020

Directional Bias For The Day: S&P Futures are lower to near 3080.00 The odds are for a sideways to up day with elevated volatility – watch for break below 3062.75 for change of sentiments Key economic data due: ADP Non-Farm Employment Change (269K vs. 2850K est.; prev. 3065K) at 8:15 AM ISM Manufacturing PMI (…

Morning Notes – Tuesday June 30, 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 break above 3055.25 for change of sentiments Key economic data due: S&P/CS Composite-20 HPI ( 3.8% est.; prev. 3.9%) at 9:00 AM Chicago PMI ( 45.0 est.; prev. 32.3) at 9:45…

Morning Notes – Friday June 26, 2020

Directional Bias For The Day: S&P Futures are lower The odds are for a sideways to up day with elevated volatility; – watch for break below 3048.75 for change of sentiments Key economic data due: Core PCE Price Index ( 0.1% vs. 0.0% est.; prev. -0.4%) at 8:30 AM Personal Spending ( 8.2% s. 8.9%…

Morning Notes – Thursday June 25, 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 break above 3052.25 for change of sentiments Key economic data due: Core Durable Goods Orders ( 2.1% est.; prev. -7.7%) at 8:30 AM Durable Goods Orders ( 10.3% est.; prev. -17.7%)…

Morning Notes – Wednesday June 24, 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 break above 3126,00 for change of sentiments Key economic data due: HPI ( 0.3% est.; prev. 0.1%) at 9:00 AM Directional Bias Before Open: Weekly: Uptrend since March 23 under pressure…

Morning Notes – Tuesday June 23, 2020

Directional Bias For The Day: S&P Futures are higher The odds are for a sideways to up day with elevated volatility; – watch for break below 3100,00 for change of sentiments Key economic data due: Flash Manufacturing PMI ( 50.0 est.; prev. 39.8) at 9:45 AM Flash Services PMI ( 46.9 est.; prev. 37.5) at…

Morning Notes – Monday June 22, 2020

Directional Bias For The Day: S&P Futures are higher The odds are for a sideways to down day with elevated volatility; – watch for break above 3104,75 for change of sentiments Key economic data due: Existing Home Sales ( 4.15M est.; prev. 4.33M) at 10:00 AM Directional Bias Before Open: Weekly: Uptrend since March 23…

Morning Notes – Friday June 19, 2020

Directional Bias For The Day: S&P Futures are higher The odds are for an up day with elevated volatility; – watch for break below 3120,00 and 3102.00 for change of sentiments Key economic data due: Current Account ( -104B vs. -101B est.; prev. -104B) at 8:30 AM Directional Bias Before Open: Weekly: Uptrend since March…

Morning Notes – Thursday June 18, 2020

Directional Bias For The Day: S&P Futures are lower The odds are for a down day with elevated volatility; – watch for break above 3120,00 for change of sentiments Key economic data due: Philly Fed Manufacturing Index (27.5 vs. -21.0 est.;prev. -43.1) at 8:30 AM Unemployment Claims (1508K vs. 1300K est.; prev. 1566K) at 8:30…