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%)…

Morning Notes – Wednesday June 24, 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 3126,00 for change of sentiments Key economic data due: HPI ( 0.3% est.; prev. 0.1%) at 9:00 AM Directional Bias Before Open: Weekly: Uptrend since March 23 under pressure…

Morning Notes – Tuesday June 23, 2020

Directional Bias For The Day: S&P Futures are higher The odds are for a sideways to up day with elevated volatility; – watch for break below 3100,00 for change of sentiments Key economic data due: Flash Manufacturing PMI ( 50.0 est.; prev. 39.8) at 9:45 AM Flash Services PMI ( 46.9 est.; prev. 37.5) at…

Morning Notes – Monday June 22, 2020

Directional Bias For The Day: S&P Futures are higher The odds are for a sideways to down day with elevated volatility; – watch for break above 3104,75 for change of sentiments Key economic data due: Existing Home Sales ( 4.15M est.; prev. 4.33M) at 10:00 AM Directional Bias Before Open: Weekly: Uptrend since March 23…

Morning Notes – Friday June 19, 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 3120,00 and 3102.00 for change of sentiments Key economic data due: Current Account ( -104B vs. -101B est.; prev. -104B) at 8:30 AM Directional Bias Before Open: Weekly: Uptrend since March…

Morning Notes – Thursday June 18, 2020

Directional Bias For The Day: S&P Futures are lower The odds are for a down day with elevated volatility; – watch for break above 3120,00 for change of sentiments Key economic data due: Philly Fed Manufacturing Index (27.5 vs. -21.0 est.;prev. -43.1) at 8:30 AM Unemployment Claims (1508K vs. 1300K est.; prev. 1566K) at 8:30…

Morning Notes – Wednesday June 17, 2020

Directional Bias For The Day: S&P Futures are higher The odds are for an up to sideways day with elevated volatility; good chance of sideways to down move from pre-open levels around 3125.00 – watch for break below 3096,50 for change of sentiments Key economic data due: Building Permits ( 1.22M vs. 1.23M est.; prev.…

Morning Notes – Tuesday June 16, 2020

Directional Bias For The Day: S&P Futures are higher The odds are for an up with elevated volatility; good chance of sideways to down move from pre-open levels around 3165.00 – watch for break below 3091,25 for change of sentiments Key economic data due: Retail Sales ( 17.7% vs. 7.9% est.; prev. -14.7%) at 8:30…

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…