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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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Monday, June 18th No Significant Economic Announcements Today Burr Jennings and the Direct Access Trading Academy will be on vacation this week. Morning Call will be available today only. The DATA chat room and administrative office will be open should you need any assistance. Regular business will resume on Monday, June 25th. *Check this weeks economic calendar by clicking on: www.econoday.com eSignal Futures Symbols: ES U7 (S&P500), ZN U7 (10 Year Note) and QM N7 (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 massive gap up at the open on Friday signaled a short opportunity in the S&P with a gap fill to Thursdays close of 1539.50 as a minimum profit target. This week focus should either not be on the buy side or exclusively the short side until the gap fills. Upon filling, the buy side should once again be favored off high relative strength and positive momentum. Economic announcements are light this week with Philly Fed at noon on Thursday our greatest concern. Be sure to check the link just above the S&P chart and be aware of what is coming.
*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 continued to crawl out of their hole on Friday and will likely do the same today and the week ahead as long as trading above the confluence of the upper .214 and the Pivot as highlighted above. This level should be valid as a line in the sand to buy against this entire week or until the gap to the 6/11 close at 104 27.5/32 fills at a minimum with 105 27/32 as an ultimate target. Economic announcements are light this week with Philly Fed at noon on Thursday our greatest concern. Be sure to check the link just above the S&P chart and be aware of what is coming.
*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 continued its rise on Friday but as suggested DATA Morning Call, struggled to stay above Thursdays high. I am not a fan of the buy side at these levels. Look for a pullback that breaks Fridays low of 67.40 to once again pursue the buy side in Oil. Pullbacks that maintain above 66.875 should offer a buy opportunity once high relative strength and positive momentum returns with last weeks high of 68.30 as a minimum profit target. Oil Inventory on Wednesday at 10:30am ET may offer such a pullback. 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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