Morning Notes – Thursday September 10, 2020

Directional Bias For The Day: S&P Futures are higher; The odds are for an up day with elevated volatility – watch for a break above 3400.00 for change of sentiment Key economic data due: Unemployment Claims ( 884K vs. 838K est.; prev. 881K) at 8:30 AM Core PPI ( 0.4% vs 0.2% est.; prev.0.5%) at…

Morning Notes – Friday September 4, 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 a break above 3484.25 and below 3435.75 for clarity Key economic data due: Non-Farm Employment Change ( 1371K vs. 1375K est.; prev. 1763K) at 8:30 AM Unemployment Rate ( 8.4% vs…

Morning Notes – Thursday September 3, 2020

Directional Bias For The Day: S&P Futures are lower; The odds are for a sideways to down day – watch for a break above 3584.25 for change of sentiments Key economic data due: Unemployment Claims ( 881K vs. 955K est.; prev. 1006K) at 8:30 AM Revised Nonfarm Productivity ( 10.1% s 7.3% est.; prev.7.3%) at…

Morning Notes – Wednesday September 2, 2020

Directional Bias For The Day: S&P Futures are higher; The odds are for an up day with a good chance of sideways to down move from pre-open levels around 3550.00 – watch for a break above 3556.25 and break below 3532.00 for clarity Key economic data due: ADP Non-Farm Employment Change ( 428K vs. 1250K…

Morning Notes – Tuesday September 1, 2020

Directional Bias For The Day: S&P Futures are little changed; The odds are for a sideways to up day – watch for a break above 3516.25 and break below 3494.25 for clarity Key economic data due: Final Manufacturing PMI ( 53.1 vs. 53.6 est. ; prev. 53.6 ) at 9:45 AM ISM Manufacturing PMI (…

Morning Notes – Thursday August 27, 2020

Directional Bias For The Day: S&P Futures are little changed; The odds are for a sideways to down day – watch for a break above 3483.50 and break below 3462.25 for clarity Key economic data due: Unemployment Claims ( 1006K vs. 1000K est. ; prev. 1106K ) at 8:30 AM Prelim GDP (-31.7% vs. -32.5%…

Morning Notes – Wednesday August 26, 2020

Directional Bias For The Day: S&P Futures are little changed; The odds are for a sideways day – watch for a break above 3449.00 and break below 3421.00 for clarity Key economic data due: Core Durable Goods Orders ( 2.4% vs. 1.9% est. ; prev. 3.6% ) at 8:30 AM Durable Goods Orders (1.2% vs.…

Morning Notes – Tuesday August 25, 2020

Directional Bias For The Day: S&P Futures are higher; The odds are for an up day with a good chance of sideways to down move from pre-open levels near 3440.00 – watch for a break below 3425.00 for change of sentiments Key economic data due: HPI ( 0.3% est.; prev. -0.3%) at 9:00 AM S&P/CS…

Morning Notes – Monday August 24, 2020

Directional Bias For The Day: S&P Futures are higher; The odds are for an up day with a good chance of sideways to down move from pre-open levels near 3320.00 – watch for a break below 3393.05 for change of sentiments No key economic data due: Directional Bias Before Open: Weekly: Uptrend since March 23…

Morning Notes – Friday August 21, 2020

Directional Bias For The Day: S&P Futures are lower; The odds are for a sideways day – watch for a break below 3356.75 and break above 3379.50 for clarity Key economic data due: Flash Manufacturing PMI ( 51.9 est.; prev. 50.9) at 9:45 AM Flash Services PMIĀ  ( 50.9 est.; prev. 50.0) at 9:45 AM…