Morning Notes – Tuesday December 15, 2020

Directional Bias For The Day: S&P Futures are higher ; The odds are for an up day; watch for a break below 3645.50 for change of fortunes Key economic data report due during the day: Empire State Manufacturing PMI (4.9 vs. 6.3 est.; prev. 6.3) at 8:30 AM Import Prices (0.1% vs. 0.3% est.; prev.…

Morning Notes – Monday December 14, 2020

Directional Bias For The Day: S&P Futures are higher; The odds are for an up day; watch for a break below 3667.25 for change of fortunes No key economic data report due during the day: Directional Bias Before Open: Weekly: Uptrend Daily: Uptrend 120-Min: Up-Side 30-Min: Side-Up 15-Min: Side-Up 6-Min: Side-Up Key Levels: Critical support…

Morning Notes – Friday December 11, 2020

Directional Bias For The Day: S&P Futures are lower; The odds are for a down day; watch for the break above 3670.50 for change of fortunes Key economic data report due during the day: PPI ( 0.1% vs. 0.1% est.; prev. 0.3%) at 8:30 AM Core PPI ( 0.1% vs. 0.2% est.; prev. 0.1%) at…

Morning Notes – Wednesday December 9, 2020

Directional Bias For The Day: S&P Futures are higher; The odds are for an up-to-sideways day; watch for the break above 3714.75 and break below 3699.25 for clarity Key economic data report due during the day: JOLTS Job Openings ( 6.30M est.; prev. 6.44M) at 8:30 AM Directional Bias Before Open: Weekly: Uptrend Daily: Uptrend…

Morning Notes – Tuesday December 8, 2020

Directional Bias For The Day: S&P Futures are lower; The odds are for a down day; watch for the break above 3687.50 for change of fortunes Key economic data report due during the day: Revised Nonfarm Productivity ( 4.9% est.; prev. 4.9%) at 8:30 AM Revised Unit Labor Costs ( -8.9% est.; prev. -8.9%) at…

Morning Notes – Monday December 7, 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 3705.00 and the break below 3672.75 for clarity No key economic data report due during the day Directional Bias Before Open: Weekly: Uptrend Daily: Uptrend 120-Min: Side-Up 30-Min: Side-Up 15-Min: Side-Up 6-Min:…

Morning Notes – Friday December 4, 2020

Directional Bias For The Day: S&P Futures are higher; The odds are for an up to sideways day with elevated volatility – watch for the break above 3682.00 and the break below 3655.25 for clarity Key economic data report: Non-Farm Employment Change ( 480K est.; prev. 683K) at 8:30 AM Average Hourly Earnings ( 0.1%…

Morning Notes – Thursday December 3, 2020

Directional Bias For The Day: S&P Futures are little changed; The odds are for a sideways day – watch for the break above 3674.50 and the break below 3642.25 for clarity Key economic data report: Unemployment Claims ( 712K vs. 775K est.; prev. 787K) at 8:30 AM Final Services PMI (57.5 est.; prev. 57.7) at…

Morning Notes – Wednesday December 2, 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 3657.25 and the break below 3642.50 for clarity Key economic data report: ADP Non-Farm Employment Change ( 307K vs. 433K est.; prev. 404K) at 8:15 AM Fed Chair Powell Testifies at…