Morning Notes – Friday October 30, 2020

Directional Bias For The Day: S&P Futures are lower; The odds are for a down day; good chance of  sideways to up move from pre-open levels around 3275.00; the daily bias is down; elevated volatility – watch for a break above 3290.75 and break below 3264.25 for clarity Key economic data report: Core PCE Price…

Morning Notes – Thursday October 29, 2020

Directional Bias For The Day: S&P Futures are higher; The odds are for a sideways to an up day; the daily bias is down; elevated volatility – watch for a break above 3309.75 and break below 3260.25 for clarity Key economic data report: Avance GDP ( 32.0% est.; prev.-31.4% ) at 8:30 AM Advance GPD…

Morning Notes – Wednesday October 28, 2020

Directional Bias For The Day: S&P Futures are lower; The odds are for a down day with a good chance of  sideways to an up move from pre-open levels around 3333.00; the daily bias is down; elevated volatility – watch for a break above 3345.75 and break below 3328.75 for clarity Key economic data report:…

Morning Notes – Tuesday October 27, 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; the daily bias is down; elevated volatility – watch for a break above 3410.00 and break below 3392.50 for clarity Key economic data report: Core Durable Goods…

Morning Notes – Friday October 23, 2020

Directional Bias For The Day: S&P Futures are higher; The odds are for an up to sideways day; the daily bias is down-to-sideways elevated volatility – watch for a break below 3451.75 and below 3437.0 for change of fortune Key economic data report: Flash Manufacturing PMI ( 53.4 est.; prev.53.2) at 9:45 AM Flash Services…

Morning Notes – Thursday October 22, 2020

Directional Bias For The Day: S&P Futures are lower but moving up since 8:00 PM; The odds are for an up to sideways day; the daily bias is down-to-sideways elevated volatility – watch for a break above 3450.75 and below 3417.75 for clarity Key economic data report: Unemployment Claims ( 787K vs 860K est.; prev.898K)…