Morning Notes – Monday July 20, 2020

Directional Bias For The Day: S&P Futures are higher; The odds are for a sideways day moving within a range – watch for a break above 322.25 and break below 3190.25 for change of sentiments No key economic data due: Directional Bias Before Open: Weekly: Uptrend since March 23 under pressure Daily: Uptrend since March…

Morning Notes – Friday July 17, 2020

Directional Bias For The Day: S&P Futures are higher; The odds are for a sideways to an up day; elevated volatility – watch for a break below 3195.25 for change of sentiments Key economic data due: Building Permits (1.24M vs. 1.30M est.; prev. 1.22M) at 8:30 AM Housing Starts (1.19M vs. 1.17M est.; prev. 0.97M)…

Morning Notes – Thursday July 16, 2020

Directional Bias For The Day: S&P Futures are lower; The odds are for a down to sideways day; elevated volatility – watch for a break above 3208.25 for change of sentiments Key economic data due: Core Retail Sales (7.3% vs. 5.0% est.; prev. 12.1%) at 8:30 AM Retail Sales (7.5% vs. 5.0% est.; prev. 18.2%)…

Morning Notes – Tuesday July 14, 2020

Directional Bias For The Day: S&P Futures are lower; The odds are for a down to sideways day; elevated volatility – watch for break above 3166.00 for change of sentiments No key economic data due: Directional Bias Before Open: Weekly: Uptrend since March 23 under pressure Daily: Uptrend since March 23 under pressure 120-Min: Up-Side…

Morning Notes – Monday July 13, 2020

Directional Bias For The Day: S&P Futures are higher; The odds are for an up day; elevated volatility – watch for break below 3187.50 for change of sentiments No key economic data due: Directional Bias Before Open: Weekly: Uptrend since March 23 under pressure Daily: Uptrend since March 23 under pressure 120-Min: Side-Up 30-Min: Up-Side…

Morning Notes – Wednesday July 8, 2020

Directional Bias For The Day: S&P Futures are little changed; fluctuating within a narrow range The odds are for a sideways to down day; elevated volatility – watch for break above 3152.0 for change of sentiments No key economic data due: Directional Bias Before Open: Weekly: Uptrend since March 23 under pressure Daily: Uptrend since…

Morning Notes – Tuesday July 7, 2020

Directional Bias For The Day: S&P Futures are lower The odds are for a down to sideways day; elevated volatility – watch for break above 3167.50 for change of sentiments No key economic data due: Directional Bias Before Open: Weekly: Uptrend since March 23 under pressure Daily: Uptrend since March 23 under pressure 120-Min: Side-Up…

Morning Notes – Monday July 6, 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 3165.00; elevated volatility – watch for break below 3157.75 for change of sentiments Key economic data due: Final Services PMI (47.0 est.; prev. 46.7) at 9:45 AM ISM Non…

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 3123.75 for change of sentiments Key economic data due: Non-Farm Employment Change (4800K vs. 3037K est.; prev. 2509K) at 8:30 AM…

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 (…