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DATA Morning Call
Empowering active trading and investment through proper technical analysis.
DATA Morning Call is a subscription based daily service that 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. DATA Morning Call reveals exactly where we will be buying or shorting and exactly where we will be booking profits. By focusing on 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 it 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 may 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 bottom of this page!
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Friday, November 24th Natural Gas Inventory 10:30am ET Today *Check this weeks economic calendar by clicking on: www.econoday.com eSignal Futures Symbols: ES Z6 (S&P500), ZN Z6 (10 Year Note) and QM F7 (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: A higher open led to a new 2006 high as suggested in DATA MC as well as a new 2006 high close. Today it is reasonable to assume that trading with support above 1408.00 and we will see yet another new 2006 high. Breakouts continue to be sold as the current move up is getting a bit old. We are in buy the pullback/sell the breakout mode in the S&P until a respectable pullback exists.
*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 MC, Notes continued to find support from the upper .382 and upper .214 to break above last Thursdays high. Today the buy side continues to be favored as long as trading above the upper .214 of 108 9.5/32 with 108 24.5/32 as my ultimate profit target. trading below the upper .214 and all bets off to the buy side in Notes.
*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 fell out of bed on Wednesday after a fat Oil Inventory report sent prices lower. Below the loose confluence of the lower .382 and the Pivot and the short side is favored today with Mondays low of 57.975 as a minimum profit target and the continuous contract low of 57.150 as an ultimate target. Natural Gas Inventory is at 10:30am ET today. Trade with Knowledge! Burr Jennings
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Thursday, November 23rd Thanksgiving - U.S. Markets Closed _____________________________________________________________________ Wednesday, November 22nd Jobless 8:30am, Consumer Sentiment 10:00am, Oil Inventory 10:30am ET Today *Check this weeks economic calendar by clicking on: www.econoday.com eSignal Futures Symbols: ES Z6 (S&P500), ZN Z6 (10 Year Note) and QM F7 (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: The S&P posted what was perhaps the most narrow range day of the year on Tuesday which was obviously an inside day. That leaves us today with the same Fib Grid and same plan from yesterday. Keep working the buy side until the market suggests otherwise.
*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: Mondays low and the upper .382 continued to offer support yesterday as Notes broke out above Mondays high. Today I will continue to pursue the buy side in Notes as long as trading above the confluence of the upper .214 and the Pivot with 108 19.5/32 as my minimum profit target and 108 24.5/32 as my ultimate 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: A gap up in Oil was the low of the day on Tuesday as momentum capitulated and Oil squeezed shorts right in to the close. Today I will continue to pursue the buy side in Oil as long as trading above the upper .214 and the Pivot with last weeks high of 61.40 as my ultimate profit target Trade with Knowledge! Burr Jennings
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Tuesday, November 21st State Street Investor Confidence 10:00am ET Today *Check this weeks economic calendar by clicking on: www.econoday.com eSignal Futures Symbols: ES Z6 (S&P500), ZN Z6 (10 Year Note) and QM F7 (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 was again bought on Monday posting positive momentum on the daily bars. Last weeks high offered resistance and the S&P closed just above today's Pivot. Today I will look for the loose confluence of yesterdays close, today's Pivot and the upper .382 as an area of support to buy against for a new 2006 high above 1408.00. Below yesterdays low and of 1401.50 and we have negative momentum on the daily bars which should offer a test of the old 2006 high at 1395.
*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 a quiet inside day after an inside day that was after an outside day. Same Fib Grid today - same plan as yesterday.
*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 last weeks low and rallied on Monday closing at the high of the day. Look to pursue the buy side in Oil today as long as trading above the lower .214 of 58.700 with last weeks high of 61.40 as my ultimate profit target. Trade with Knowledge! Burr Jennings
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Monday, November 20th Leading Indicators 10:00am ET Today *Check this weeks economic calendar by clicking on: www.econoday.com eSignal Futures Symbols: ES Z6 (S&P500), ZN Z6 (10 Year Note) and QM F7 (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 bought to the previous close on Friday as negative momentum on the daily bars posted a high relative strength close on the day suggesting higher prices today. Should Fridays high be broken today I will pursue the buy side as long as trading above the Pivot with last weeks high of 1408.00 as my minimum profit target. Given the current negative momentum on the daily bars, if trading below the loose confluence of the lower .382 and the Pivot the short side will be favored.
*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 rallied off the lower .214 on Friday posting an inside day after an outside day which suggests Notes could go either way today. Trading with support above the upper .382 look for a break above last weeks high. Trading below the lower .382 with resistance look for a break of last weeks low.
*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: A small gap down at the open afforded a new low on the week with a rebound and close at the high of the day. Today I will look to buy a gap down at the open that is below Fridays low as long as trading above the open with a gap fill and positive momentum on the daily bars as my minimum profit target. As long as trading above Fridays open of 58.450 with support I will also pursue the buy side. I am not interested in the short side at these levels. Trade with Knowledge! Burr Jennings
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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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