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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
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Friday, February 15th *Early Bond Close* - Empire State Mfg. and Import/Export Prices 8:30am, IPCU 9:15am, Consumer Sentiment 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 filled the gap back to Wednesdays close finding support at the pivot only to be sold to new lows for the balance of the day breaking well below Wednesdays low posting negative momentum on the daily bars. Today selling is likely to continue as long as resistance exists at or below the confluence of the lower .382 and the pivot as highlighted above with yesterdays low of 1347.25 as a minimum profit target with 1339.75, 1320.25 and 1317.50 as ultimate profit targets. We have important economic announcements pre-market and an early bond close that will likely affect the market today. Trading above 1358.50 and the buy side will be favored as long as support exists at or above confluence with the high of the week as an ultimate profit target. Trade with Knowledge! Burr Jennings ______________________________________________________________________
Thursday, February 14th *Valentines Day* - International Trade and Jobless 8:30am 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 attempted to fill the gap back to Tuesdays close only to find support at the pivot for new afternoon highs closing at Tuesdays high. Yesterday was the 3rd day in a row with a positive close. Last I heard this is a bear market and if so we should see the S&P run out of gas today and post negative momentum on the daily bars. International Trade at 8:30am ET will likely set the tone for the day. 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. Support at or above the loose confluence of yesterdays close and today's pivot and the buy side remains favored with yesterdays high of 1370.50 as a minimum profit target with 1378.75 and 1397.75 as ultimate targets. Trade with Knowledge! Burr Jennings ______________________________________________________________________
Wednesday, February 13th Retail Sales 8:30am, 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 to well above Fridays high as suggested in DATA Morning Call. Weakness in the afternoon almost filled the gap to Mondays close suggesting the bulls have a weak grip on the market. Today the sell side is likely favored below the loose confluence of the pivot at 1351.00 and yesterdays close of 1349.75 with negative momentum on the daily bars at 1339.50 as a minimum profit target and last weeks low of 1317.50 as an ultimate target. Retail Sales at 8:30am ET will likely make or break the market today. A good number that offers support above confluence and a rally to yesterdays high of 1363.50 as a minimum profit target is likely. We are still looking for a gap fill to the 2/4 close of 1378.75 as an ultimate target. Trade with Knowledge! Burr Jennings ______________________________________________________________________ Tuesday, February 12th Redbook 8:55am 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 on Monday led to a break of Fridays low but held support above the low of last week posted Thursday before rallying to Fridays high posting yet another trading day inside of last Thursdays range leaving us with the same Fib Grid again. Today we are likely to breakout. Although we do not have any significant economic announcements today, we do have 3 days worth starting pre-market on Wednesday. As long as support exists above the loose confluence of the lower .214 and the pivot as highlighted above, the buy side will be favored today with 1342.50 and 1348.50 as minimum profit targets and the 2/4 close of 1378.75 as an ultimate target. Trading below the pivot of 1333.75 and all bets off the buy side. Trade with Knowledge! Burr Jennings ______________________________________________________________________
Monday, February 11th 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 was bought on Friday to the previous day close whereupon sellers took the S&P through the low of the day to ultimately post an inside day. Today we have loose confluence at the pivot and Fridays close. Further selling is likely should resistance exist at or below confluence with last Thursdays low of 1317.50 as a minimum profit target and the low of January at 1262.00 as an ultimate target. Support at or above confluence and a break above Fridays high of 1342.50 and ultimately a break above Thursdays high of 1348.50 is likely. We did not have a single positive momentum daily bar last week and are due to have one today or tomorrow. Given Fridays relatively narrow range an outside day may occur today. With important economic announcements for the first time since 2/1 beginning on Wednesday it is likely we see strength return to the S&P in front of these announcements. 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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