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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 futures trading in the e-mini S&P 500 contract 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 and at the same time increase probability of outcome it is possible to trade with a higher percentage 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 2nd Employment 8:30am, Factory Orders 10:00am ET Today *Check this weeks economic calendar by clicking on: www.econoday.com
*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 on Thursday was met with continued selling posting a new low on the week and closing just off the low of the day. Today the short side will remain favored as long as trading with resistance against the confluence of the lower .214 and the pivot with yesterdays low of 1510.50 as a minimum profit target and 1494.75 as an ultimate target. The last 10 weeks have each closed at or near the high or low of the week suggesting buying and selling pressure peaks on Fridays. Clearly we are closer to the low of the week at yesterdays close than we are to the high and pressure in to today's close will likely be the case. Employment at 8:30am ET will help to define at least the morning session. Trade with Knowledge! Burr Jennings ______________________________________________________________________
Thursday, November 1st Jobless and Personal Income 8:30am, ISM Mfg. and Pending Home Sales 10:00am ET Today *Check this weeks economic calendar by clicking on: www.econoday.com
*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 led to continued buying as a capitulation to positive momentum and high relative strength maintained new highs on the day through noon. FOMC at 2:15pm ET saw initial selling through the low of the week only to rebound and post new highs on the week creating an outside day. Today is the 1st day of a new month and the beginning of a very bullish seasonal trade in equities and as long as the S&P is trading with support above the loose confluence of the upper .382 and the pivot as highlighted above the buy side will be favored with yesterdays high of 1558.75 as a minimum profit target and the high of 2007 at 1586.75 as an ultimate target.
Trade with Knowledge! Burr Jennings ______________________________________________________________________
Wednesday, October 31st ADP 8:15am, ECI and GDP 8:30, NAPM 9:45, Construction spending 10:00, Oil Invty 10:30, FOMC 2:15pm ET Today *Check this weeks economic calendar by clicking on: www.econoday.com eSignal Futures Symbols: ES Z7 (S&P500), ZN Z7 (10 Year Note) and QM Z7 (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 lead to more selling up until 11:30am ET whereupon buyers came back in and bid the S&P to well above the high of the day only to be denied in the last hour by sellers that took us down to below the morning low. This price action was uncharacteristic of the S&P the day before FOMC but with 6 consecutive days of higher closes a pullback was apparently due. Today we have a bunch of economic announcements that will keep things volatile throughout the day beginning pre-market and ending with FOMC at 2:15pm ET. Price action will be dictated by the economic announcements today and we have confluence at the lower .214 and the pivot to trade against. Typically on the morning of the FOMC announcement we see a bullish drift to an outright rally that lasts until noon so today's open may be a good line in the sand to trade against as well. Today's FOMC announcement is highly anticipated but not predictable as far as outcome is concerned. Be in the DATA chat room for real time market analysis.
*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 tight inside day on Tuesday closing just above the previous close suggesting no change to our trading plan today. Notes will likely continue to trade with a bullish bias that may break above Mondays high given today is FOMC day - the decision on interest rates. Confluence at the pivot and the lower .382 as highlighted above offer a good line in the sand to buy against today below which all bets off the buy side. As of Today, November 1st Notes analysis will no longer be available from DATA Morning Call as we have determined that the singular focus on the S&P employed in the DATA chat room and our own in-house trading since July 1 is all the success we and our clients desire. If you are interested in still receiving analysis on Notes please call 941-364-3600 to discuss. Thank you.
*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 capitulated hard yesterday as expected closing more than $3 down on the day. Today look for yesterdays weakness to continue. Today the trading plan remains the same. Look for any good reason to short Oil against the confluence of the lower .214 and the pivot as highlighted above with a continuance of negative momentum on the daily bars and 88.05 as a minimum profit target and 87.075 and 82.70 as ultimate targets. I am not interested in the buy side at all at these levels. It has been a tough go for the shorts in Oil but persistence will pay and now is not the time to give up as the current levels in Oil are once again hyper-overbought.As of today, November 1st Oil analysis will no longer be available from DATA Morning Call as we have determined that the singular focus on the S&P employed in the DATA chat room and our own in-house trading since July 1 is all the success we and our clients desire. If you are interested in still receiving analysis on Oil please call 941-364-3600 to discuss. Thank you. Trade with Knowledge! Burr Jennings ______________________________________________________________________
Tuesday, October 30th Consumer Confidence 10:00am ET Today *Check this weeks economic calendar by clicking on: www.econoday.com eSignal Futures Symbols: ES Z7 (S&P500), ZN Z7 (10 Year Note) and QM Z7 (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 held support at Fridays close and managed to close above the open at the end of day for the 6th straight session. Normally we would be looking for a capitulation of momentum on the daily bars in this scenario, but given we have the FOMC decision on interest rates Wednesday as well as other important economic announcements, we are expecting bullish price action today especially in the afternoon. Weakness at the open will likely be bought affording a line in the sand at the open to trade against. Strength at the open will likely be sold in the morning to the pivot and bought in the afternoon to a new high on the day. Regardless of which scenario look for the bullish drift to outright rally in the afternoon with a close at or near the high of the 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 session 108 145/320 = 108 14.5/32 or 108 29/64 depending on your charting software
10 Year Note: Notes gapped down at the open on Monday and rallied smartly to fill the gap as a gap up in the S&P sold off and filed its gap to Fridays close. Notes will likely continue to trade within yesterdays range with a bullish bias that may break above yesterdays high given today is the day before the FOMC decision on interest rates. Confluence at the pivot and the lower .382 offer a good line in the sand to buy against today below which all bets off the buy side. As of Thursday, November 1st Notes analysis will no longer be available from DATA Morning Call as we have determined that the singular focus on the S&P employed in the DATA chat room and our own in-house trading since July 1 is all the success we and our clients desire. If you are interested in still receiving analysis on Notes please call 941-364-3600 to discuss. Thank you.
*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 again bought on Monday as Oil rallied to close at new all-time highs. Today the trading plan remains the same. Look for any good reason to short Oil above yesterdays high of 93.675 with negative momentum on the daily bars and 88.05 as a minimum profit target and 87.075 and 82.70 as ultimate targets. I am not interested in the buy side at all at these levels. It has been a tough go for the shorts in Oil but persistence will pay and now is not the time to give up as the current levels in Oil are once again hyper-overbought. As of Thursday, November 1st Oil analysis will no longer be available from DATA Morning Call as we have determined that the singular focus on the S&P employed in the DATA chat room and our own in-house trading since July 1 is all the success we and our clients desire. If you are interested in still receiving analysis on Oil please call 941-364-3600 to discuss. Thank you. Trade with Knowledge! Burr Jennings ______________________________________________________________________
Monday, October 29th No Significant Economic Announcements Today *Check this weeks economic calendar by clicking on: www.econoday.com eSignal Futures Symbols: ES Z7 (S&P500), ZN Z7 (10 Year Note) and QM Z7 (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 on Friday was sold to just above the previous days close leading to a rally that closed just off the high of the day. Today look for Fridays strength to continue as we have an important week of economic announcements beginning Wednesday with GDP and FOMC and ending Friday with the Employment Report. Look for the bias in the S&P to be bullish up until Wednesdays FOMC announcement at 2:15pm ET with a minimum profit target of 1546.75 and ultimate targets of 1560.75 and 1586.75
*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: A small gap down led to a break of Wednesdays low and a gap fill to Tuesdays close. We have an important week of economic announcements beginning Wednesday with GDP and FOMC and ending Friday with the Employment Report. Notes will likely reflect the opposite of what occurs in the S&P but with a firm or bullish bias in front of FOMC on Wednesday at 2:15pm. Momentum is currently negative on the daily bars but positive on the weekly bars. Trading below the loose confluence of Fridays close and today's lower .214 and the sell side will still be favored. Above Fridays high of 110 29/32 which is the upper .382 of the current move down and the buy side will be favored with a minimum profit target of 111 6.5/32. As of Thursday, November 1st Notes analysis will no longer be available from DATA Morning Call as we have determined that the singular focus on the S&P employed in the DATA chat room and our own in-house trading since July 1 is all the success we and our clients desire. If you are interested in still receiving analysis on Notes please call 941-364-3600 to discuss. Thank you.
*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 back to the previous days high on Friday only to rally right back and close at the high of the day. Today the trading plan remains the same. Look for any good reason to short Oil above Fridays high of 91.925 with negative momentum on the daily bars and 88.05 as a minimum profit target and 87.075 and 82.70 as ultimate targets. I am not interested in the buy side at all at these levels. As of Thursday, November 1st Oil analysis will no longer be available from DATA Morning Call as we have determined that the singular focus on the S&P employed in the DATA chat room and our own in-house trading since July 1 is all the success we and our clients desire. If you are interested in still receiving analysis on Oil please call 941-364-3600 to discuss. Thank you. 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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