Morning Notes – Monday November 30, 2020

Directional Bias For The Day: S&P Futures are lower; The odds are for a sideways to down day – watch for the break above 3635.50 and the break below 3621.50 for clarity Key economic data report: Chicago PMI ( 59.4 est.; prev. 61.1) at 9:45 M Pending Home Sales ( 1.1% est.; prev. -2.2% )…

Morning Notes – Thursday November 19, 2020

Directional Bias For The Day: S&P Futures are lower; The odds are for a down day with a good chance to sideways move from pre-open levels around 3560.00 – watch for the break above 3573.75 and the break below 3542.50 for clarity Key economic data report: Philly Fed Manufacturing Index¬† ( 26.3 vs. 22.0 est.;…

Morning Notes – Wednesday November 18, 2020

Directional Bias For The Day: S&P Futures are higher; The odds are for an up day with a good chance to sideways to up move from pre-open levels around 3615.00 – watch for the break above 3623.25 and the break below 3585.75 for clarity Key economic data report: Building Permits ( 1.55M vs. 1.57M est.;…

Morning Notes – Tuesday November 17, 2020

Directional Bias For The Day: S&P Futures are lower; The odds are for a down day with a good chance to sideways to up move from pre-open levels around 3600.00 – watch for the break above 3616.50 and the break below 3596.75 for clarity Key economic data report: Retail Sales ( 0.3% vs. 0.5% est.;…

Morning Notes – Monday November 16, 2020

Directional Bias For The Day: S&P Futures are higher; The odds are for an up day with a good chance to sideways move from pre-open levels around 3615.00 – watch for the break above 3635.75 and the break below 3603.00 for clarity Key economic data report: Empire State Index ( 6.3 vs. 13.8 est.; prev.…

Morning Notes – Thursday November 12, 2020

Directional Bias For The Day: S&P Futures are lower; The odds are for a sideways to down day – watch for the break above 3576.00 and the break below 3510.00 for change of sentiments Key economic data report: CPI ( 0.1% est.; prev. 0.2%) at 8:30 AM Core CPI (0.2% est.; prev. 0.2% ) at…

Morning Notes – Wednesday November 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 3570.00 – watch for the break below 3543.25 for change of sentiments Key economic data report: Veterans Day Bank Holiday Directional Bias Before Open: Weekly: Uptrend Under Pressure…

Morning Notes – Tuesday November 10, 2020

Directional Bias For The Day: S&P Futures are lower; The odds are for a sideways to down day; the daily bias since October 30 is up; elevated volatility – watch for the break above 3559.00 and break below 3520.00 for clarity; NASDAQ is driving the market Key economic data report: JOLTS Job opening ( 6.50M…

Morning Notes – Thursday November 5, 2020

Directional Bias For The Day: S&P Futures are higher; The odds are for an up day; the daily bias since October 12 is down to sideways; elevated volatility – watch for the break below 3453.50 for change of sentiments Key economic data report: Unemployment Claims ( 751K vs. 740K est.; prev. 758K ) at 8:30…

Morning Notes – Wednesday November 4, 2020

Directional Bias For The Day: S&P Futures are higher; The odds are for an up day; the daily bias since October 12 is down; elevated volatility – watch for the break below 3357.00 for change of sentiments Key economic data report: ADP Non-Farm Employment Change ( 365K vs. 650K est.; prev. 753K ) at 8:15…