Morning Notes – Thursday February 27, 2020

Directional Bias For The Day: S&P Futures are lower; resuming the downtrend since 4:30 AM The odds are for a down day with elevated volatility; watch for break above 3104.00 for change of fortune Key economic data due: Core Durable Goods Orders ( 0.9% vs. 0.2% est.; prev. 0.1%) at 8:30 AM Durable Goods Orders…

Morning Notes – Wednesday February 26, 2020

Directional Bias For The Day: S&P Futures are higher; bouncing off since 4:00 AM from oversold levels; up more than 50 points The odds are for an up to sideways day with elevated volatility; watch for break below 3122.25 for change of fortune Key economic data due: New Home Saes ( est. 714K; prev. 694K…