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DATA Morning Call
Empowering active trading and investment through proper technical analysis.
DATA Morning Call is entirely focused on E-MINI futures trading and supports 3 trading vehicles to choose from with varying degrees of volatility and risk. By far the least volatile are the 10-year Notes and the most volatile is Crude Oil. By learning how to contain or mitigate risk it is possible to trade higher volatility products that tend to have a higher degree of reward. This can be learned and is the mission of the Direct Access Trading Academy to teach you to be a low risk/high return trader that specializes in one particular product and masters that product before trading any additional product. Click on education to learn more.
A proficient trader with a cash account should be able to average a 1% profit per week or better. Properly margined futures accounts may experience even greater returns. All this with the added safety of trading an index! To learn more join us in the DATA chat room by clicking on real-time chat or call us any time at 941-364-3600.
Trade with Knowledge! -Burr Jennings
* Please read the Disclaimer at the very bottom of this page!
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Friday, August 25th No Significant Economic Announcements Today DATA Morning Call will become a private subscription service Monday 8/28 Call 941-365-3600 or email burrjennings@datacademy.com to keep receiving *Check this weeks economic calendar by clicking on: www.econoday.com eSignal Futures Symbols: ES U6 (S&P500), ZN U6 (10 Year Note) and QM V6 (Crude Oil)
*Chart above represents the Fib Grid and Pivot (short red line) from yesterdays market The Fib Grid and Pivot Points below represent TODAY'S session
S&P 500: Strength at the open was sold in to yesterday but a lack of volatility posted an inside day hence the same Fib Grid today as Thursday. With that in mind I will continue to pursue the short side in the S&P today using yesterdays confluence which lines up with the cash close and of course today's lower .382 with today's Pivot only 4 ticks away. I am still looking for a gap fill at 1287.75 as my minimum profit target. DATA Morning Call will go private this coming Monday. To find out how you may continue to receive DATA Morning Call free, please call 941-365-3600 and speak to the good folks at Sarasota Futures Group.
*Chart above represents the Fib Grid and Pivot (short red line) from yesterdays market The Fib Grid and Pivot Points below represent TODAY'S session 108 145/320 = 108 14.5/32 or 108 29/64 depending on your charting software
10 Year Note: Notes posted an uneventful inside day on Thursday held down by the upper .214 and supported by the Pivot, hence no change in todays Fib Grid or trading plan. With that in mind I need a much greater pullback than yesterday to buy and a significant gap up above this weeks high at the open to short against. Let me remind you again, that if your quest is high probability, proftable trading then you must subscribe to the fact that every day is not a trading day. DATA Morning Call will go private this coming Monday. To find out how you may continue to receive DATA Morning Call free, please call 941-365-3600 and speak to the good folks at Sarasota Futures Group.
*Chart above represents the Fib Grid and Pivot (short red line) from YESTERDAYS market The Fib Grid and Pivot Points below represent TODAY'S market
Crude Oil: As suggested in DATA Morning Call, loose confluence offered support as Oil posted an inside day as well on Thursday hence no change in the Fib Grid today. Yesterdays close suggests my plan of working the buy side for a minimum profit target of this weeks high at 73.40 may come through today. Keep buying Oil as long as the relative strength offers support above the loose confluence of the lower .382 and the Pivot. 72.00 was Wednesdays afternoon high and today's confluence, an area I would expect significant support. DATA Morning Call will go private this coming Monday. To find out how you may continue to receive DATA Morning Call free, please call 941-365-3600 and speak to the good folks at Sarasota Futures Group. Trade with Knowledge! Burr Jennings ____________________________________________________________________
Thursday, August 24th Durable Goods and Jobless 8:30am, New Home Sales 10:00am, Natural Gas Inventory 10:30am ET Today *Check this weeks economic calendar by clicking on: www.econoday.com eSignal Futures Symbols: ES U6 (S&P500), ZN U6 (10 Year Note) and QM V6 (Crude Oil)
*Chart above represents the Fib Grid and Pivot (short red line) from yesterdays market The Fib Grid and Pivot Points below represent TODAY'S session
S&P 500: As suggested in numerous DATA Morning Call, the S&P finally broke down for real on Wednesday and for those of you that remained focused and committed to the plan you profited handsomely. Today I will continue to pursue the short side in the S&P as long as trading below the confluence of the lower .382 and the Pivot as highlighted above which also shares the same level as yesterdays close which should be an area of significant interest today. I am still looking for last Wednesdays close of 1287.75 as my minimum profit target. DATA Morning Call will go private this coming Monday. To find out how you may continue to receive DATA Morning Call free, please call 941-365-3600 and speak to the good folks at Sarasota Futures Group.
*Chart above represents the Fib Grid and Pivot (short red line) from yesterdays market The Fib Grid and Pivot Points below represent TODAY'S session 108 145/320 = 108 14.5/32 or 108 29/64 depending on your charting software
10 Year Note: As suggested in DATA Morning Call, Notes posted negative momentum on the daily bars yesterday but with significant reluctance continuing to suggest buying pullbacks for new monthly highs. With that in mind I need a much greater pullback than yesterday to buy and a significant gap up above this weeks high at the open to short against. Let me remind you, that if your quest is high probability, proftable trading then you must subscribe to the fact that every day is not a trading day. DATA Morning Call will go private this coming Monday. To find out how you may continue to receive DATA Morning Call free, please call 941-365-3600 and speak to the good folks at Sarasota Futures Group.
*Chart above represents the Fib Grid and Pivot (short red line) from YESTERDAYS market The Fib Grid and Pivot Points below represent TODAY'S market
Crude Oil: As suggested in DATA Morning Call, Tuesdays price action "a narrow range day that is highly suggestive the bulls are in hibernation" came to fruition on Wednesday as Oil tested last weeks low. At yesterdays close Oil is now threatening a break below last weeks low which is an area I will look for any good reason to buy Oil with the high of this week at 73.400 as my minimum profit target. The lower .214, and the Pivot have loose confluence with yesterdays close which should provide an area of significant interest to traders today. Be in the DATA chat room for real-time market analysis. DATA Morning Call will go private this coming Monday. To find out how you may continue to receive DATA Morning Call free, please call 941-365-3600 and speak to the good folks at Sarasota Futures Group. Trade with Knowledge! Burr Jennings ____________________________________________________________________
Wednesday, August 23rd Existing Home Sales 10:00am, Oil Inventory 10:30am ET Today *Check this weeks economic calendar by clicking on: www.econoday.com eSignal Futures Symbols: ES U6 (S&P500), ZN U6 (10 Year Note) and QM V6 (Crude Oil)
*Chart above represents the Fib Grid and Pivot (short red line) from yesterdays market The Fib Grid and Pivot Points below represent TODAY'S session
S&P 500: Weakness at the open on Tuesday was bought above Mondays high only to be sold off in the afternoon to below Mondays low creating and outside day that maintained within Fridays range thus the continued use of yesterdays Fib Grid today and no change to the trading plan. Given the fact that the S&P has not had real negative momentum in 7 sessions and that last Wednesdays gap up is likely to fill, I will focus on the short side today as long as trading below Fridays high of 1307.75. A gap above Fridays high at the open and I will be shorting aggressively as long as trading below the open with a gap fill and negative momentum on the daily bars as my minimum profit target.
*Chart above represents the Fib Grid and Pivot (short red line) from yesterdays market The Fib Grid and Pivot Points below represent TODAY'S session 108 145/320 = 108 14.5/32 or 108 29/64 depending on your charting software
10 Year Note: Notes found support at the Pivot on Tuesday and easily rallied well above Mondays high only to retreat once again to the Pivot which today shares the same level as yesterdays close. Today I again have no interest in the buy side in Notes and will pursue the short side off a gap up at the open that trades below the open with a gap fill and negative momentum on the daily bars as my minimum profit target. Weakness at the open will likely be bought and I will short against the confluence of the Pivot and yesterdays close looking for negative momentum on the daily bars minimum.
*Chart above represents the Fib Grid and Pivot (short red line) from YESTERDAYS market The Fib Grid and Pivot Points below represent TODAY'S market
Crude Oil: Oil sputtered and spit 3 ticks above Mondays high yesterday posting a narrow range day that is highly suggestive the bulls are in hibernation. We have positive momentum on the daily bars and with high relative strength I am still a buyer in Oil. The upper .382 and Fridays high (which the current positive momentum in Oil is measured against) should offer support today with 75.250 as my minimum profit target and if not all bets off to the buy side as a test of last weeks low is likely. Oil inventory at 10:30am ET today. Trade with Knowledge! Burr Jennings ____________________________________________________________________
Tuesday, August 22nd State Street Investor Confidence 10:00am ET Today *Check this weeks economic calendar by clicking on: www.econoday.com eSignal Futures Symbols: ES U6 (S&P500), ZN U6 (10 Year Note) and QM V6 (Crude Oil)
*Chart above represents the Fib Grid and Pivot (short red line) from yesterdays market The Fib Grid and Pivot Points below represent TODAY'S session
S&P 500: Weakness at the open was incapable of breaking Fridays low as the S&P posted a narrow range inside day on Monday. An inside day leaves us with the same trading plan today as yesterday. Given the fact that the S&P has not had negative momentum in 6 sessions and that Wednesdays gap up is likely to fill, I will focus on the short side today as long as trading below Fridays high of 1307.75. A gap above Fridays high at the open and I will be shorting aggressively as long as trading below the open with a gap fill and negative momentum on the daily bars as my minimum profit target.
*Chart above represents the Fib Grid and Pivot (short red line) from yesterdays market The Fib Grid and Pivot Points below represent TODAY'S session 108 145/320 = 108 14.5/32 or 108 29/64 depending on your charting software
10 Year Note: Notes held the Pivot and rallied thru the high of last week on Monday. Today I have no interest in the buy side in Notes and will pursue the short side off a gap up at the open that trades below the open with a gap fill and negative momentum on the daily bars as my minimum profit target.
*Chart above represents the Fib Grid and Pivot (short red line) from YESTERDAYS market The Fib Grid and Pivot Points below represent TODAY'S market
Crude Oil: As suggested in Mondays DATA Morning Call, the buy side was the place to be on Monday in Oil and it is likely that the current positive momentum will continue to follow through today. The upper .214 of 72.80 is also yesterdays morning high/resistance and will be my line in the sand to buy against today with my minimum profit target of breaking above the old Fib Grid high of 75.250. Trade with Knowledge! Burr Jennings ____________________________________________________________________
Monday, August 21st No significant Economic Announcements Today *Check this weeks economic calendar by clicking on: www.econoday.com eSignal Futures Symbols: ES U6 (S&P500), ZN U6 (10 Year Note) and QM V6 (Crude Oil)
*Chart above represents the Fib Grid and Pivot (short red line) from yesterdays market The Fib Grid and Pivot Points below represent TODAY'S session
S&P 500: After a week of nothing but positive momentum on the daily bars, the S&P foiled all nay sayers by rallying Friday afternoon to close near high tick on the week. Given the fact that the S&P has not had negative momentum in 5 sessions and that Wednesdays gap up is likely to fill, I will focus on the short side today as long as trading below Fridays high of 1307.75 and a gap above Fridays high at the open and I will be shorting aggressively as long as trading below the open with a gap fill and negative momentum on the daily bars as my minimum profit target
*Chart above represents the Fib Grid and Pivot (short red line) from yesterdays market The Fib Grid and Pivot Points below represent TODAY'S session 108 145/320 = 108 14.5/32 or 108 29/64 depending on your charting software
10 Year Note: Notes found support at the upper .214 and posted an inside day on Friday not yet ready to follow through with negative momentum on the daily bars. Today I will continue to pursue the short side in Notes as long as trading below Fridays close of 106 27.5/32 with the elusive negative momentum on the daily bars at 106 18.5/32 as my minimum profit target. A significant gap up at the open above last weeks high and I will be pursuing the short side as long as trading below the open.
*Chart above represents the Fib Grid and Pivot (short red line) from YESTERDAYS market The Fib Grid and Pivot Points below represent TODAY'S market
Crude Oil: Oil broke the low of the week on Friday and immediately reversed throwing in a second higher point of support before advancing above Thursdays high. I am very interested in nothing but the buy side in Oil this week as several gaps down are due to fill and Oil clearly was oversold Friday morning. A gap down at the open and I will aggressively pursue the buy side as long as trading above the open with a gap fill back to Wednesdays close as my minimum profit target. Trade with Knowledge! Burr Jennings ____________________________________________________________________ D i s c l a i m e r It should not be assumed that the methods, techniques, or indicators presented in DATA Morning Call will be profitable or that they will not or cannot result in losses. Past results are not necessarily indicative of future results. DATA Morning Call is not a solicitation for the purchase or sale of securities, options or futures and is offered as an educational resource only.
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