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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, March 7th Employment 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: Weakness at the open yesterday led to a break of Wednesdays low which held resistance throughout the morning session and ultimately breaking our profit target of 1307.00 late in the afternoon session. Today look for yesterdays selling to continue as long as trading with resistance below the loose confluence of the lower .214 and the pivot with yesterdays low of 1302.25 as a minimum profit target and the January low of 1262.00 as an ultimate target. A gap down at the open that is well below yesterdays low is a buy as long as trading above the open with a gap fill and positive momentum on the daily bars as minimum profit targets. Employment at 8:30am ET will likely dictate today's price action. I am out of the office this week and will do my best to keep updating DATA MC and supporting the chat room at least at the open.
Trade with Knowledge! Burr Jennings ______________________________________________________________________
Thursday, March 6th Jobless 8:30, 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: Tuesdays late day strength followed through yesterday morning with an afternoon pullback that found support at Mondays low before rallying in to the close. Today the buy side continues to be favored as long as trading above the loose confluence of the upper .382 at 1330.50, Tuesdays high at 1331.75 and today's pivot at 1333.50 with yesterdays high of 1345.00 as a minimum profit target and last Fridays high of 1354.75 and a gap fill to last Thursdays close of 1366.25 as ultimate targets. Failure to maintain above confluence and the bears are likely in control and a break of yesterdays low of 1320.25 and look for 1307.00 to be broken. I am out of the office this week and will do my best to keep updating DATA MC and supporting the chat room at least at the open.
Trade with Knowledge! Burr Jennings ______________________________________________________________________
Wednesday, March 5th ADP 8:15, Productivity and Costs 8:30, Factory Orders and ISM Non-Mfg 10:00, Beige Book 2:00 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 broke below Mondays low creating a continuance of negative momentum on the monthly, weekly and daily bars easily surpassing our ultimate target of 1317.50 only to rally hard in to the close suggesting further strength today and a capitulation to positive momentum on the daily bars. Today we have loose confluence between Mondays low at 1320.00 the pivot at 1322.00 and the lower .214 at 1324.75 which will likely be an area that bulls and bears will fight over if given the chance. A break above yesterdays high and the buy side is favored as long as trading above confluence with last Fridays high of 1354.75 as a minimum profit target and a gap fill to last Thursdays close of 1366.25 as an ultimate target. Failure to maintain above confluence and the bears are likely in control with yesterdays low of 1307.00 as a minimum profit target. I am out of the office this week and will do my best to keep updating DATA MC and supporting the chat room at least at the open.
Trade with Knowledge! Burr Jennings
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Tuesday, March 4th 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: A gap down at the open broke below Fridays low creating a continuance of negative momentum on the weekly and daily bars but missed our ultimate target of 1317.50 which now appears inevitable. Today the short side continues to be favored as long as trading with resistance below the lower .214 of 1335.00 with yesterdays low of 1320.00 as a minimum target and 1317.50 as an ultimate target. Trading above yesterdays high1335.75 and the buy side will likely be favored with Fridays high of 1354.75 as a minimum profit target and a gap fill to last Thursdays close of 1366.25 as an ultimate target. I am out of the office this week and will do my best to keep updating DATA MC and supporting the chat room at least at the open. Trade with Knowledge! Burr Jennings
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Monday, March 3rd ISM Mfg and Construction Spending 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 Friday was met with continued selling that broke the low of last week posting an outside week and prompting a violent rally in to the close. Today the short side continues to be favored as long as trading with resistance below the very loose confluence of the lower .214 and the pivot with Fridays low of 1325.25 as a minimum profit target and 1317.50 as an ultimate target. Trading above 1346.25 and the buy side will likely be favored with Fridays high of 1354.75 as a minimum profit target and a gap fill to last Thursdays close of 1366.25 as an ultimate target. I am out of the office this week and will do my best to keep updating DATA MC and supporting the chat room at least at the open. 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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