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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 23rd No Significant Announcements 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: Weakness at the open Wednesday led to new lows on the week with a close just off the low of the day suggesting lower prices today. With negative momentum on the daily bars and low relative strength at the close Wednesday the S&P is a short candidate today as long as trading below the loose confluence of the lower .214 and the pivot as highlighted above with Wednesdays low of 1417.00 as a minimum profit target. A gap down at the open and the buy side will be favored as long as trading above the open with a gap fill and positive momentum on the daily bars as a minimum profit target. Today the S&P closes at 1:15pm. The DATA chat room will be up today and open but I will not be monitoring. Trade with Knowledge! Burr Jennings
______________________________________________________________________ Thursday, November 22nd Thanksgiving Holiday - U.S. Markets Closed ______________________________________________________________________ Wednesday, November 21st Jobless 8:30am, Consumer Sentiment and Leading Indicators 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: Buyers came out right from yesterdays open to bid the S&P well above Mondays high of 1455.00 only to have the bears come growling back to break the low of the day and Mondays low posting an outside day before rallying in to the close. Yesterdays price action leaves us with a bullish bias today as long as trading with support above the loose confluence of the upper .382 and the pivot with yesterdays high of 1456.50 as a minimum profit target, then last Fridays close at 1460.25 and ultimately the 10day ema at 1466.00. Trading below the Pivot of 1441.25 and all bets off the buy side. I am not interested in the short side today as pre-thanksgiving historically suggests the bulls will deliver and yesterdays late day rally may be just the beginning. I will be trading until noon today and will take Friday off as it tends to be a dull day. The DATA chat room will remain open through Fridays close. Trade with Knowledge! Burr Jennings ______________________________________________________________________
Tuesday, November 20th Housing Starts 8:30am, SSI Confidence 10:00am, FOMC Minutes 2:00pm 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 down at the open offered selling to below last weeks low of 1439.00 ultimately rebounding to Thursdays low before settling lower in to the close. Today I am very interested in the buy side as we now have 4 days of selling behind us and the Tuesday before Thanksgiving is traditionally bullish. Today's lower .214 holds confluence with last Thursdays low and may be a good line in the sand to buy against with 1455.00 as a minimum profit target. A gap down at the open is also a buy as long as trading above the open with a gap fill to yesterdays close of 1437.50 and positive momentum on the daily bars as minimum profit targets. FOMC minutes at 2:00pm ET will likely interject significant volatility this afternoon. Be in the DATA chat room for real time analysis. Trade with Knowledge! Burr Jennings ______________________________________________________________________
Monday, November 19th No Significant Economic Announcments 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: Strength at the open was immediately sold on Friday but could not break Thursdays lows creating an inside day that frustrated anyone trying to jump on the trend. This week we have the Thanksgiving holiday on Thursday and a very light load of economic announcements with FOMC minutes on Tuesday at 2:00pm ET as our primary concern. Momentum is negative on the daily, weekly and monthly bars and trading below Fridays high of 1466.75 and relative strength is weak suggesting the short side is still favored. With loose confluence at the lower .214 and the pivot as highlighted above we have a good line in the sand to trade against today. Look for selling to test and break last weeks low of 1439.50 with support potentially just below that number at S2. 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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