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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 28th Personal Income 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: Strength at the open yesterday was quickly sold to well below Wednesdays low only to rally through the high of the day whereupon an exhaustion sent the S&P back through the low of the day just missing last Thursdays close by 2 points. Today the short side continues to be favored as long as trading with resistance below the confluence of the lower .214 and the pivot with yesterdays low of 1326.50 as a minimum profit target with last Thursdays close at 1324.75 and the old Fib Grid low of 1295.50 as ultimate targets. The S&P has been selling since Monday afternoon and is far from throwing the baby out with the bath water as each break tends to be bought suggesting that smart/big money is accumulating weakness. A rally today is not out of the question and above yesterday afternoons swing high of 1343.25 we could see a short squeeze that tests the high of the week. Spring break for my boys begins today and we will be traveling until Sunday, April 6th. Today will be the last DATA Morning Call until Monday the 7th. I will do my best while away to keep the DATA chat room up and running but I will not be hosting. Trade with Knowledge! Burr Jennings ______________________________________________________________________
Thursday, March 27th GDP, Corporate Profits and Jobless 8:30am, 5-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 gap down at the open maintained resistance around the open for the balance of the day closing poorly creating a capitulation from positive momentum to negative momentum on the daily bars after breaking Tuesday and Mondays low. Today the short side is favored as long as trading with resistance below the confluence of the lower .214 and the pivot (a powerful combination) as highlighted above with yesterdays low of 1334.00 as a minimum profit target and the gap fill to last Thursdays close at 1324.75 and the old Fib Grid low of 1295.50 as ultimate targets. Trading above confluence and all bets off the short side. The government continues to try to prop up the markets and the buy side needs to be respected regardless of momentum so be sure to use stops. Profit targets to the buy side are 1349.50, 1351.50 and 1361.50 as an ultimate target. GDP at 8:30am ET will likely set the tone for at least the morning session. If the 5-Year Note Auction at 1:00pm ET is not received well we could see significant selling in both equities and treasuries. Spring break for my boys begins this Friday and we will be traveling until Sunday, April 6th. This Friday will be the last DATA Morning Call until Monday the 7th. I will do my best while away to keep the DATA chat room up and running but I will not be hosting. Trade with Knowledge! Burr Jennings ______________________________________________________________________
Wednesday, March 26th Durable Goods 8:30, New Home Sales 10:00, Oil Invty 10:30am 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 quick pop and then sold down to well below confluence before rebounding and breaking well above the high of the day only to miss our minimum profit target of 1361.50 posting a rare inside day leaving us with the same Fib Grid as yesterday. Today look for Mondays strength to continue as long as trading above the confluence of the pivot and yesterdays close with Mondays high of 1361.50 as a minimum profit target and 1365.75 and 1390.00 as ultimate targets. Durable Goods at 8:30am ET will likely set the tone for at least the morning session. Be in the DATA chat room for the latest real time analysis. Spring break for my boys begins this Friday and we will be traveling until Sunday, April 6th. This Friday will be the last DATA Morning Call until Monday the 7th. I will do my best while away to keep the DATA chat room up and running but I will not be hosting. Trade with Knowledge! Burr Jennings ______________________________________________________________________
Tuesday, March 25th Consumer Confidence 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 bought to well after noon before finally relaxing in to the close creating a continuance of positive momentum on the weekly bars. Today the buy side is still favored as long as trading with support above the very loose confluence of the upper .214 and the pivot as highlighted above with 1361.50 as a minimum profit target and 1365.75 and 1390.00 as ultimate targets. Expect ascent above 1361.50 to be a struggle as we now have over 66 points on the Fib Grid. Trade with Knowledge! Burr Jennings ______________________________________________________________________
Monday, March 24th Existing 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: A quick break of Thursdays low led to a rally that put the squeeze on option traders that were short the market on Friday. A strong close suggests further strength today. The S&P is a buy today as long as trading with support above the confluence of Fridays close and today's upper .382 with Thursdays high of 1343.75 as a minimum profit target and 1365.75 and 1390.00 as ultimate targets. Momentum is still negative on the daily and monthly bars suggesting the bear is in control, but last weeks price action left us with an outside week that closed with high relative strength which suggests the trend may be turning. Weakness that maintains resistance below confluence should be sold short with 1295.50 as a minimum profit target and 1279.50 and 1257.75 as ultimate targets. Be in the DATA chat room for the latest real-time analysis. 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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