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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!
| _____________________________________________________________________ Friday, December 22nd Durable Goods and Personal Income 8:30, Consumer Sentiment 10:00 ET Today *Check this weeks economic calendar by clicking on: www.econoday.com eSignal Futures Symbols: ES H7 (S&P500), ZN H7 (10 Year Note) and QM F7 (Crude Oil)
*Chart above represents the Fib Grid and Pivot (short red line) from YESTERDAY'S market The Fib Grid and Pivot Points below represent TODAY'S session
S&P 500: Strength at the open was defeated for a test of Tuesdays low that closed weak on the day in the S&P on Thursday. This suggests further weakness today as long as trading below the confluence of the lower .382 and the Pivot with the 12/19 low as a minimum profit target. With an early close in Bonds and Notes, trading could get a bit choppy in front of the Christmas holiday weekend especialy in the afternoon. I will not be in the DATA chat room today but my charts will be up. Next week the Direct Access Trading Academy will be closed for the Christmas holiday. I will not be producing DATA Morning Call, DATA chat or DATA charts and will not be available for consultation until January 2nd. Have a great holiday!
*Chart above represents the Fib Grid and Pivot (short red line) from YESTERDAY'S 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: After 5 consecutive closes within a few ticks of each other, Notes finally broke out to the upside off support at the lower .214 closing strong on Thursday. Today it is reasonable to assume strength will continue to follow through as long as trading with support above the confluence of the upper .214 and the Pivot with the 12/15 high of 109 00/32 as my minimum profit target. I am not a fan of the short side in Notes here but below confluence all bets off to the buy side. Notes and Bonds close early today. I will not be in the DATA chat room today but my charts will be up. Next week the Direct Access Trading Academy will be closed for the Christmas holiday. I will not be producing DATA Morning Call, DATA chat or DATA charts and will not be available for consultation until January 2nd. Have a great holiday!
*Chart above represents the Fib Grid and Pivot (short red line) from YESTERDAY'S market The Fib Grid and Pivot Points below represent TODAY'S market
Crude Oil: Oil gapped down and sold-off to break the low of the week on Thursday closing weak on the day. Today it is reasonable to assume that weakness will prevail as long as trading below the confluence of the lower .214 and the Pivot with last weeks low of 61.50 as my ultimate profit target. I will not be in the DATA chat room today but my charts will be up. Next week the Direct Access Trading Academy will be closed for the Christmas holiday. I will not be producing DATA Morning Call, DATA chat or DATA charts and will not be available for consultation until January 2nd. Have a great holiday! Trade with Knowledge! Burr Jennings ____________________________________________________________________
Thursday, December 21st GDP and Corporate Profits 8:30, Leading Indicators 10:00, Natural Gas Inventory 10:30 ET, Philly Fed 12:00 Today *Check this weeks economic calendar by clicking on: www.econoday.com eSignal Futures Symbols: ES H7 (S&P500), ZN H7 (10 Year Note) and QM F7 (Crude Oil)
*Chart above represents the Fib Grid and Pivot (short red line) from YESTERDAY'S market The Fib Grid and Pivot Points below represent TODAY'S session
S&P 500: The S&P was again held at the upper .214 to the tick on Wednesday but could not maintain bullish levels in the afternoon closing at a slight deficit to Tuesday. Today we have GDP at 8:30am ET which will likely dictate price action in equities and treasuries today. A gap down below yesterdays low of 1434.00 will likely be bought as will a gap up that maintains inside of yesterdays range with 1440.50 as my minimum profit target and 1444.25 as my ultimate target. A gap up above 1444.25 which is unlikely and I will be pursuing the short side aggressively with a gap fill and negative momentum on the daily bars as my minimum profit target. Be in the DATA chat room for the latest analysis. Next week the Direct Access Trading Academy will be closed for the Christmas holiday. I will not be producing DATA Morning Call, DATA chat or DATA charts and will not be available for consultation until January 2nd.
*Chart above represents the Fib Grid and Pivot (short red line) from YESTERDAY'S 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 yesterday closing identical to Tuesday. Notes have closed within a couple of ticks of the previous close for 5 sessions now and with GDP at 8:30am ET today we are likely to see a break away from the recent range. Be in the DATA chat room for the latest analysis. Next week the Direct Access Trading Academy will be closed for the Christmas holiday. I will not be producing DATA Morning Call, DATA chat or DATA charts and will not be available for consultation until January 2nd.
*Chart above represents the Fib Grid and Pivot (short red line) from YESTERDAY'S market The Fib Grid and Pivot Points below represent TODAY'S market
Crude Oil: Oil remained bullish on Wednesday breaking above Tuesdays high but held at last weeks high to the tick. Today we have confluence at the upper .214, the Pivot and yesterdays close which will likely be an area of significant support or resistance. With positive momentum on the daily bars I will continue to pursue the buy side in Oil as long as trading with support above this level. Next week the Direct Access Trading Academy will be closed for the Christmas holiday. I will not be producing DATA Morning Call, DATA chat or DATA charts and will not be available for consultation until January 2nd. Trade with Knowledge! Burr Jennings ____________________________________________________________________
Wednesday, December 20th Oil Inventory 10:30 ET Today *Check this weeks economic calendar by clicking on: www.econoday.com eSignal Futures Symbols: ES H7 (S&P500), ZN H7 (10 Year Note) and QM F7 (Crude Oil)
*Chart above represents the Fib Grid and Pivot (short red line) from YESTERDAY'S market The Fib Grid and Pivot Points below represent TODAY'S session
S&P 500: A gap down at the open had us looking to cover shorts from last Friday and pursue the buy side as long as trading above 1430.00 the confluence of the open and S1. A nice move to 1440 finally emerged in the afternoon session with a positive close that suggests higher prices today. We do not have any significant economic announcements to move the market today and there is no confluence within less than 4 ticks so trading could be a bit sloppy especially in the morning session. With GDP on Thursday expect a rally today especially in the afternoon as long as trading above yesterdays close of 1436.25 which was a 4 tick discount to the cash close. Look for a move to the Fib high of 1444.25 minimum where you should take off at least half your trade. I will not be in the DATA chat room today but my charts will be up. Next week the Direct Access Trading Academy will be closed for the Christmas holiday. I will not be producing DATA Morning Call, DATA chat or DATA charts and will not be available for consultation until January 2nd.
*Chart above represents the Fib Grid and Pivot (short red line) from YESTERDAY'S 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 outside day that closed weak suggesting indecision continues to exist. That may change today and certainly on Thursday with the GDP report at 8:30am ET. Having been bought right up from below last weeks low yesterday I favor the buy side today as long as trading above 108 10/32 the confluence of the Pivot and yesterdays close below which all bets off to the buy side. This number is also above the lower .214 a key number for the bears to be considered in control. I will not be in the DATA chat room today but my charts will be up. Next week the Direct Access Trading Academy will be closed for the Christmas holiday. I will not be producing DATA Morning Call, DATA chat or DATA charts and will not be available for consultation until January 2nd.
*Chart above represents the Fib Grid and Pivot (short red line) from YESTERDAY'S market The Fib Grid and Pivot Points below represent TODAY'S market
Crude Oil: Oil ripped out an outside day yesterday off a small gap down closing strong on the day and suggesting higher prices today. Look to be working the buy side in Oil today as long as trading above the upper .382 which is approximately yesterdays close as well with the old Fib high of 64.125 as the ultimate profit target. I will not be in the DATA chat room today but my charts will be up. Next week the Direct Access Trading Academy will be closed for the Christmas holiday. I will not be producing DATA Morning Call, DATA chat or DATA charts and will not be available for consultation until January 2nd. Trade with Knowledge! Burr Jennings ____________________________________________________________________
Tuesday, December 19th Housing Starts and PPI 8:30, S.S. Investor Confidence 10:00 ET Today *Check this weeks economic calendar by clicking on: www.econoday.com eSignal Futures Symbols: ES H7 (S&P500), ZN H7 (10 Year Note) and QM F7 (Crude Oil)
*Chart above represents the Fib Grid and Pivot (short red line) from YESTERDAY'S market The Fib Grid and Pivot Points below represent TODAY'S session
S&P 500: As suggested in yesterdays DATA Morning Call, The short side was again to be place to be on Monday as my minimum objective of negative momentum on the daily bars and test of 1432.00 both came to fruition. This leaves the S&P highly susceptible to a rally today especially given the pre-market economic announcements. That said though, with negative momentum on the daily bars, as long as trading below the confluence of the lower .382 and the Pivot as highlighted above the short side will continue to be favored.
*Chart above represents the Fib Grid and Pivot (short red line) from YESTERDAY'S 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 on Monday that retains the same trading plan today as yesterday. As long as trading below the confluence of the lower .214 and the Pivot as highlighted above I will focus on the shorts side today. Be aware, that in the big picture I am looking for the current pullback to ultimately be bought in Notes.
*Chart above represents the Fib Grid and Pivot (short red line) from YESTERDAY'S market The Fib Grid and Pivot Points below represent TODAY'S market
Crude Oil: A gap down at the open yesterday ultimately saw a break of Fridays low capitulating the current momentum form positive to negative on the daily bars suggesting the gap up from last week will likely be filled to last Wednesdays close of 62.075 and ultimately a break of last weeks low of 61.50 as can be seen in the chart above. Today we have near perfect confluence of the lower .214 and the Pivot as highlighted above and as long as trading below this are the short side will be favored. Similar to last year, Oil may be setting up for a final push lower before establishing a new bull run in January. Trade with Knowledge! Burr Jennings ____________________________________________________________________
Monday, December 18th No Significant Economic Announcements Today *Check this weeks economic calendar by clicking on: www.econoday.com eSignal Futures Symbols: ES H7 (S&P500), ZN H7 (10 Year Note) and QM F7 (Crude Oil)
*Chart above represents the Fib Grid and Pivot (short red line) from YESTERDAY'S market The Fib Grid and Pivot Points below represent TODAY'S session
S&P 500: A gap up at the open in to new 52 week high territory suggested working the short side on Friday and with patience the S&P closed just off the low of the day. I will continue to pursue the short side (or at least avoid the buy side) until negative momentum on the daily bars once again exists. It is not unreasonable to assume that we will see 1432.00 in the near future. Use the Pivot or R1 as your line in the sand to short against today, above which all bets off to the short side. I will not be in the DATA chat room today but the chat room will be open and my charts will be up.
*Chart above represents the Fib Grid and Pivot (short red line) from YESTERDAY'S 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 bought a round-trip ticket on Friday with an 80% retracement rally only to close back at the open. This suggests lower prices today and as long as trading below the confluence of the lower .382 and the Pivot as highlighted above I will focus on the shorts side. Be aware, that in the big picture I am looking for the current pullback to ultimately be bought in Notes. I will not be in the DATA chat room today but the chat room will be open and my charts will be up.
*Chart above represents the Fib Grid and Pivot (short red line) from YESTERDAY'S market The Fib Grid and Pivot Points below represent TODAY'S market
Crude Oil: Oil held support at the Pivot on Friday closing just off the high of the week. Today I will look for support above the upper .214 which is also Thursdays high to continue to pursue the buy side in Oil with 12/8 high of 64.30 as my minimum profit target and the December high of 65.30 as my ultimate target. A gap up above 64.30 at the open and I will pursue the short side in Oil as long as trading below the open. Trading below 63.025 and the short side is once again favored as well. I will not be in the DATA chat room today but the chat room will be open and my charts will be up. 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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