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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 16th Industrial Production 9:15am 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 was initially bought only to be sold off to well below Tuesdays low. Today we should see a continuance of selling that breaks the low of the week at 1439.50 and closes at or near the new low of the week. Today we have confluence at the lower .214 and yesterdays close and as long as resistance exists below this number we should see a new low on the week. Industrial Production at 9:15am ET will likely have some short term effect on the market. Be in the DATA chat room for the latest real-time analysis. Trade with Knowledge! Burr Jennings ______________________________________________________________________
Thursday, November 15th CPI and Jobless 8:30am, Philly Fed 12:00pm 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 yesterday was sold against the entire day with a move down to Mondays high before buyers stepped back in to the close. Momentum is positive on the daily bars but yesterdays close was a poor showing and momentum is still negative on the weekly and monthly bars suggesting we could see lower prices today. Today's CPI and Philly Fed will likely dictate price action. Trading above the upper .214 with support and we are likely to see a break above yesterdays high of 1496.50. Trading below yesterdays low of 1470.00 and we can expect a test if not a break of the low of the week as long as trading below 1475.75. Be in the DATA chat room for the latest real-time analysis. Trade with Knowledge! Burr Jennings ______________________________________________________________________
Wednesday, November 14th PPI and Retail Sales 8:30, Business Inventories 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 yesterday was bought right from the open with a parabolic move to well above last Fridays high in to the close. Yesterdays price action was up nearly 50 points from the pre-market low and represents a hyper over-bought close. Today's PPI and Retail Sales will likely dictate price action. A gap up at the open and the short side will be favored as long as trading below the open with a gap fill and negative momentum on the daily bars as a minimum profit target. Weakness at the open will likely find support at between today's upper .214 of 1476.50 and the pivot of 1474.50 below which all bets off the buy side. Look for a break above yesterdays high of 1486.50 as a minimum profit target to the buy side. Expect resistance between 1493.00 and 1494.00. Trade with Knowledge! Burr Jennings ______________________________________________________________________
Tuesday, November 13th 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 flat open yesterday led to a break of last weeks low and the September low with a close just off the low of the day. Although economic announcements are light today, we have important announcements each day for the balance of the week. Look for a bullish drift to an outright rally today especially in the afternoon session with a break above yesterdays high of 1469.25 as a minimum target. A gap down at the open that is below yesterdays low and the buy side is favored as long as trading above the open with a gap fill to yesterdays close and positive momentum on the daily bars as a minimum profit target. Strength at the open that finds resistance at or below the lower .214 of 1458.00 should be sold short with yesterdays low of 1439.50 as a minimum profit target. Trade with Knowledge! Burr Jennings ______________________________________________________________________
Monday, November 12th Veterans Day, Notes and Bonds Closed, Equities and Futures Open 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 yesterday was initially bought only to sell-off below Thursdays low and ultimately close a point above Thursdays low after a dramatic final 30 minute sell-off from the high of the day. As suggested last week, the S&P continues to trade in an ominous way suggesting a significant correction may be immanent. Momentum is negative on the daily, weekly and monthly bars confirming the bears are firmly in control. Today is veterans day which offers a split holiday amongst the treasury and equity markets as treasuries are closed today while equities are open. Treasuries saw a flight to quality in advance of Mondays holiday with the 10-Year Note breaking out to a new 2007 high. The S&P is extremely oversold at Fridays close and is due for a healthy bounce. A gap down at the open today and the buy side is favored as long as trading above the open with a gap fill to 1455.00 as a minimum profit target and positive momentum on the daily bars as an ultimate target. Strength at the open that finds resistance at or below the lower .214 of 1467.75 and the short side is favored with 1451.75 as a minimum profit target. Although treasuries are closed today, world markets will be open and the S&P will likely trade off significant movement in Asia and/or Europe. Again, although this has been an orderly sell-off to date, that may change suddenly and a test if not a break of the August low of 1374.50 is very possible. 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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