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 (…

Morning Notes – Tuesday June 30, 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 break above 3055.25 for change of sentiments Key economic data due: S&P/CS Composite-20 HPI ( 3.8% est.; prev. 3.9%) at 9:00 AM Chicago PMI ( 45.0 est.; prev. 32.3) at 9:45…

Morning Notes – Friday June 26, 2020

Directional Bias For The Day: S&P Futures are lower The odds are for a sideways to up day with elevated volatility; – watch for break below 3048.75 for change of sentiments Key economic data due: Core PCE Price Index ( 0.1% vs. 0.0% est.; prev. -0.4%) at 8:30 AM Personal Spending ( 8.2% s. 8.9%…

Morning Notes – Thursday June 25, 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 break above 3052.25 for change of sentiments Key economic data due: Core Durable Goods Orders ( 2.1% est.; prev. -7.7%) at 8:30 AM Durable Goods Orders ( 10.3% est.; prev. -17.7%)…