Morning Notes – Monday June 15, 2020

Directional Bias For The Day: S&P Futures are lower The odds are for a down day with elevated volatility; good chance of sideways to down move from pre-open levels around 2975.00 – watch for break above 2992.75 for change of sentiments No key economic data due: Directional Bias Before Open: Weekly: Uptrend since March 23…

Morning Notes – Friday June 12, 2020

Directional Bias For The Day: S&P Futures are higher The odds are for an up day with elevated volatility – watch for break below 3048.25 for change of sentiments Key economic data due: Import Prices (1.0% vs. 0.6% est.; prev. -2.6%) at 8:30 AM Prelim UoM Consumer Sentiment ( 7.00 est.; prev. 72.3) at 10:00…

Morning Notes – Thursday June 11, 2020

Directional Bias For The Day: S&P Futures are lower The odds are for a down day with good chance of sideways to up move from pre-open levels near 3100.00;  elevated volatility – watch for break above 3144.75 for change of sentiments Key economic data due: Core PPI (-0.1% vs. -0.1% est.; prev. -0.3%) at 8:30…

Morning Notes – Friday June 5, 2020

Directional Bias For The Day: S&P Futures are higher The odds are for an up day with elevated volatility – watch for break below 3130.00 for change of fortune Key economic data due: Non-Farm Employment Change (2509K vs. -7750K est.; prev. -20537K) at 8:30 AM Average Hourly Earnings (-1.0% vs. 1.0% est.; prev. 4.7) at…

Morning Notes – Thursday June 4, 2020

Directional Bias For The Day: S&P Futures are lower The odds are for a down day with good chance of sideways to up move from pre-open levels around 3098.00 – watch for break below 3086.00 and break above 3112.75 for clarity Key economic data due: Unemployment Claims ( 1877K vs. 1820K est.; prev. 2126K) at…

Morning Notes – Wednesday June 3, 2020

Directional Bias For The Day: S&P Futures are higher The odds are for an up day – watch for break below 3084.50 Key economic data due: ADP Non-Farm Employment Change ( -2760K vs. -9000K est.; prev. -1957K) at 8:15 AM Final Services PMI (37.5 vs. 37.2 est.; prev. 36.9) at 9:45 AM ISM Non-Manufacturing PMI…

Morning Notes – Tuesday June 2, 2020

Directional Bias For The Day: S&P Futures are higher but moving down sideways since 5:30 AM The odds are for an up day with good chance of sideways to down move from pre-open levels around 3065.00 No key economic data due: Directional Bias Before Open: Weekly: In Correction Daily: In Correction 120-Min: Up 30-Min: Up…