Morning Notes – Thursday August 27, 2020

Directional Bias For The Day: S&P Futures are little changed; The odds are for a sideways to down day – watch for a break above 3483.50 and break below 3462.25 for clarity Key economic data due: Unemployment Claims ( 1006K vs. 1000K est. ; prev. 1106K ) at 8:30 AM Prelim GDP (-31.7% vs. -32.5%…

Morning Notes – Wednesday August 26, 2020

Directional Bias For The Day: S&P Futures are little changed; The odds are for a sideways day – watch for a break above 3449.00 and break below 3421.00 for clarity Key economic data due: Core Durable Goods Orders ( 2.4% vs. 1.9% est. ; prev. 3.6% ) at 8:30 AM Durable Goods Orders (1.2% vs.…

Morning Notes – Tuesday August 25, 2020

Directional Bias For The Day: S&P Futures are higher; The odds are for an up day with a good chance of sideways to down move from pre-open levels near 3440.00 – watch for a break below 3425.00 for change of sentiments Key economic data due: HPI ( 0.3% est.; prev. -0.3%) at 9:00 AM S&P/CS…

Morning Notes – Monday August 24, 2020

Directional Bias For The Day: S&P Futures are higher; The odds are for an up day with a good chance of sideways to down move from pre-open levels near 3320.00 – watch for a break below 3393.05 for change of sentiments No key economic data due: Directional Bias Before Open: Weekly: Uptrend since March 23…

Morning Notes – Friday August 21, 2020

Directional Bias For The Day: S&P Futures are lower; The odds are for a sideways day – watch for a break below 3356.75 and break above 3379.50 for clarity Key economic data due: Flash Manufacturing PMI ( 51.9 est.; prev. 50.9) at 9:45 AM Flash Services PMIĀ  ( 50.9 est.; prev. 50.0) at 9:45 AM…

Morning Notes – Tuesday August 11, 2020

Directional Bias For The Day: S&P Futures are higher; The odds are for an up day with a good chance of sideways move from pre-open levels around 3365.00 – watch for a break below 3357.00 for change of sentiments Key economic data due: PPI ( 0.6% vs. 0.3% est.; prev. -0.2%) at 8:30 AM Core…

Morning Notes – Monday August 10, 2020

Directional Bias For The Day: S&P Futures are higher; The odds are for an up day with a good chance of sideways move from pre-open levels around 3350.00 – watch for a break above 3343.50 for change of sentiments Key economic data due: JOLTS Job Openings ( 5.30M est.; prev. 5.40M) at 10:00 AM Directional…

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 – Wednesday August 5, 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 3309.00 for change of sentiments Key economic data due: ADP Non-Farm Employment Change ( 167K vs. 1200K est.; prev. 4314K) at 8:15 AM Trade Balance ( -50.7B vs. -50.3B est.; prev.…