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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 14th CPI 8:30am, 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 down at the open yesterday saw continued selling that broke below Tuesdays low only to rally sharply off news the world is not coming to an end closing well above Wednesdays close suggesting further strength today. We have confluence today with the upper .382 and yesterdays close at 1315.25 above which we want to be buyers as long as support holds with yesterdays high of 1324.50 as a minimum profit target and Wednesdays high of 1334.25 as an ultimate target. That said, yesterdays price action was clearly led by short covering and it will take real buyers to maintain higher levels and if they do not emerge today then we are likely going lower. Momentum on the daily, weekly and monthly bars is still negative and the trend is down with yesterdays low of 1284.00 as a minimum profit target and 1272.50 and 1262.00 as ultimate targets. CPI at 8:30am ET will likely set the tone for the day. Trade with Knowledge! Burr Jennings ______________________________________________________________________
Thursday, March 13th Retail Sales and Import/Export 8:30am, 10-Year Note 1:00pm 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 flat open led to a pullback and a rally that easily broke Tuesdays high and threatened to fill the gap at the 3/5 close and perhaps put positive momentum back on the weekly bars. Sellers had something else in mind and took the S&P down in the afternoon breaking well below the February low and closing poorly with resistance at the pivot suggesting lower prices today. We do not have confluence to work with today so if bulls are to come back in the market we need to be trading above yesterdays close of 1309.50 with yesterdays high of 1334.25 as a minimum profit target. A break below yesterdays low of 1308.00 and the short side is favored as long as trading with resistance against yesterdays close. A gap down at the open and we may see continued selling as that would make today a capitulation to negative momentum in conjunction with trend day with Mondays low of 1272.50 and the January low of 1262.00 as ultimate targets. Important economic announcements at 8:30 will likely help shape the day. The S&P e-mini contract rolls to the June contract today (ES M8). Be in the DATA chat room for the latest real time analysis. Trade with Knowledge! Burr Jennings ______________________________________________________________________
Wednesday, March 12th Quarterly Services 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 was faded to well below Mondays high before finding support and posting the largest gain in over 5 years. Today weakness at the open will likely be bought as long as support exists above the loose confluence of the pivot and the upper .214 with yesterdays high of 1324.25 as a minimum profit target and last weeks high of 1345.00 as an ultimate target. A gap up at the open is a short as long as trading below the open with a gap fill and negative momentum on the daily bars as a minimum profit target. Be in the DATA chat room for the latest real time analysis Trade with Knowledge! Burr Jennings ______________________________________________________________________
Tuesday, March 11th International Trade 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 flat open led to a break of last weeks low ultimately closing at a new March low. Today weakness is likely to continue as long as trading with resistance below the loose confluence of the pivot at 1281.25 and last weeks low of 1282.25 with yesterdays low of 1272.50 as a minimum profit target and the January low of 1262.00 as an ultimate target. A gap down at the open that is 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. Trade with Knowledge! Burr Jennings ______________________________________________________________________
Monday, March 10th Wholesale Trade 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 strong gap down on Friday at the open brought back buyers to easily fill the gap to the previous close but resistance after little more than 60 minutes of rally sent the S&P back thru Thursdays low and the low of the day. A late day rally found resistance at Thursdays low and closed just about where it opened. Today the short side remains favored as long as resistance exists below the confluence of the lower .214 and the pivot as highlighted above with Fridays low of 1282.25 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 Fridays 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. 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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