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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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Monday, December 24th Early S&P Close 1:15pm ET, No Significant Economic AnnouncementsToday *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 significant gap up on Friday lead to continued buying in the afternoon after maintaining high relative strength in the morning to ultimately close just off the high of the day. Today is the last day of DATA Morning Call and chat room until Monday December 31st. We are likely to see Fridays strength continue today which would post positive momentum on the weekly bars if trading above 1499.25 suggesting a bull run in to the end of the year. With an early close at 1:15pm ET today trading is likely to be thin and light on volume. No economic announcements suggests someone must say or do something stupid to knock the market down as the bulls clearly have the bears trapped in to both last Thursday and Fridays close. With over 50 points on the Fib Grid and a gap from Friday that is likely to fill at 1474.75 the short side is tempting. Work the short side only below the open as there are a large contingency of buy side traders that get paid for annual performance at the end of this month who have a vested interest in keeping this market propped up until the close on December 31st. Today is Christmas Eve. We have much to be thankful for. Let us celebrate the holiday with good cheer, family and fun. Merry Christmas! 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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