| DATA Home Page |
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, January 12th Import/Export and Retail Sales 8:30, Business Inventory 10:00am 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 DATA Morning Call, a continuance of Wednesdays rally hit the market yesterday as the S&P went back in to rally mode. I will continue to pursue the buy side today as long as trading above the confluence of the upper .214 and the Pivot as highlighted above with 1440.00 as my minimum profit target and ultimately 1444.25 the old 52 week high. 8:30am ET economic announcements will likely dictate much of this mornings price action. U.S. markets will be closed on Monday due to the Martin Luther King 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: As suggested in yesterdays DATA Morning the sell side in Notes continued to be favored on Thursday with last weeks low easily broken. The sell side is still favored today as long as trading below the lower .214 of 107 14/32. I will need a gap down at the open that is below yesterdays low to get excited about the buy side today. 8:30am ET economic announcements will likely dictate much of this mornings price action. We have an early close in Notes today at 1pm pit and 2pm electronic due to the Martin Luther King holiday on Monday.
*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 attempted to get traction off Wednesdays low yesterday only to get sold to new 52 week lows in the afternoon. Strength at the open will likely be sold today and a gap down at the open that is below yesterdays low of 51.775 is a strong buy as long as trading above the open. I am not interested in the short side at these levels. U.S. markets will be closed on Monday due to the Martin Luther King holiday. Trade with Knowledge! Burr Jennings _____________________________________________________________________
Thursday, January 11th Jobless 8:30, Natural Gas Inventory 10:30am 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: Weakness at the open lead to a break of this weeks low which immediately reversed offering support at the open that as suggested in the DATA chat room was bought for the balance of the day nearly eclipsing Tuesdays high. Today I will continue to pursue the buy side as long as trading above the confluence of the upper .382 and the Pivot with minimum profit targets of last Thursdays close of 1427.50, 1431.50, 1440.00 and ultimately 1444.25
*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: As suggested in DATA Morning Call, Notes found resistance at confluence and sold-off. Selling was mild and the Fib low was tested but not broken. Today we have significant confluence at the lower .214, the Pivot and yesterdays close. Look to be short below this level with 107 15/32 as a minimum profit target.
*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 was again weak on Wednesday opening lower and cascading to a new 52 week low off the 10:30am ET Oil Inventory report. Should Oil open below yesterdays low I will work nothing but the buy side in Oil as long as trading with support above the open similar to Tuesdays trade. Strength at the open will likely be sold to at least test yesterdays low. Above yesterdays high of 55.025 and the buy side is favored as long as trading above 54.75
Trade with Knowledge! Burr Jennings _____________________________________________________________________
Wednesday, January 10th International Trade 8:30, Wholesale Trade 10:00, Oil Inventory 10:30am 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: The S&P posted a weak response to Mondays price action yesterday confusing the bulls that wanted momentum and high relative strength to continue. To day I will continue to pursue the buy side in the S&P as long as trading above the confluence highlighted above which is in the same area as yesterday. Again, as suggested on Monday, beware a significant sell-off that takes the S&P back to the 1400 area so no heroic's to the buy side below 1420. Support above 1420 and I am looking for the same profit targets as yesterday. Minimum profit targets of last Thursdays close of 1427.50, 1431.50, 1440.00 and ultimately 1444.25
*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: Again yesterday, Notes were quiet due to a lack of economic announcements. Today we again have triple confluence at the lower .382, yesterdays close and the Pivot. Given yesterdays rally in the S&P, Notes are likely to sell-off below the Fib low of 107 15/32 should the S&P rally continue today. Use the confluence of the lower .382 and the Pivot as highlighted above as your line in the sand to short sell against. We have International Trade at 8:30am ET which will likely influence Notes out of the current range.
*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: As suggested in the DATA chat room and in the emailed DATA Trade Alert! yesterdays gap down at the open signaled a significant high probability buy opportunity and that buying should follow through today as long as trading above the confluence of the lower .382 and the Pivot as highlighted above. Weakness at the open will likely again be bought. Look for buying in Oil that ultimately fills the gap back to last Wednesdays close of 58.30. My focus continues to be 100% to the buy side in Oil.
Trade with Knowledge! Burr Jennings _____________________________________________________________________
Tuesday, January 9th 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: As suggested in yesterdays DATA Morning Call, the S&P found resistance at the lower .214 and sold through last weeks low whereupon buyers came back in creating high relative strength on the day in the afternoon mounting a rally that broke just above Fridays high posting an outside day. Today I expect higher prices in the S&P as long as trading with support above the confluence of the upper .382 and the Pivot. Minimum profit targets of last Thursdays close of 1427.50, 1431.50, 1440.00 and ultimately 1444.25
*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: As suggested in yesterdays DATA Morning Call, Notes were quiet on Monday due to a lack of economic announcements. Today we have triple confluence at the lower .382, yesterdays close and the Pivot. Given yesterdays rally in the S&P, Notes are likely to sell-off below the Fib low of 107 15/32 should the S&P rally continue today. Use the confluence of the lower .382 and the Pivot as highlighted above as your line in the sand to short sell against.
*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 up at the open was sold hard on Monday nearly breaking last weeks low. Yesterdays close carries confluence with today's Pivot and will likely be sold against given that a break of last weeks low is reasonable to assume. Look for buying in Oil once back above the low of last week at 55.05 that ultimately fills the gap back to last Wednesdays close of 58.30. My focus continues to be 100% on the buy side in Oil.
Trade with Knowledge! Burr Jennings _____________________________________________________________________
Monday, January 8th 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: As suggested in Fridays DATA Morning Call and in DATA chat the confluence of the Pivot and the lower .382 offered a perfect line in the sand to short sell against after the Employment DATA was released and the regular market opened at 9:30am ET ultimately breaking the low of the week and closing poorly. Today the S&P is bearish below the lower .214 of 1419.75 with the potential for significant selling back to the 1400 level. A significant gap down at the open that is well below Fridays low of 1414.25 and the buy side will be favored as long as trading above the open. Above the Friday afternoon high of 1420.50 and the buy side will be favored with last Thursdays close of 1427.75 as my minimum profit target and the 2006 high of 1444.25 as my ultimate target.
*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: Employment data imploded Notes off a gap up at the open but within 30 minutes Notes gathered themselves and began to retrace half the way back to the days high. We have a mixed message from Notes currently and given the confluence of Fridays close and today's Pivot we have a line in the sand to buy or sell against. With no significant economic announcements today it is likely that Notes will be relatively quiet and post an inside day.
*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 easily broke the low of the week after minor strength at the open was sold. The .786 retracement to the pre-market low offered support and we had nothing but positive momentum on the 30 minute bars in to the close. Fridays close carries confluence with today's Pivot and lower .214 (a powerful combination) which will likely be sold against given that a break of last weeks low is reasonable to assume. Look for buying in Oil once back above the low of last week that ultimately fills the gap back to last Wednesdays close of 58.30. My focus continues to be 100% on the buy side in Oil. 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.
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
