Morning Notes – Monday April 6, 2020

Directional Bias For The Day: S&P Futures are higher; moving mostly sideways since 1:00 AM The odds are for an up day; good odds for sideways move from pre-open levels; high volatility – watch for break above 2588.00 and below 2564.00 for more clarity No key economic data due: Directional Bias Before Open: Weekly: In…

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)…