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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, May 30th Due to substantial growth in Jennings Capital Management (burrjennings.com) and the need to focus on that growth, today will be the last day for DATA Morning Call Personal Income 8:30am, NAPM-Chcago 9:45, 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: Weakness at the open found support off confluence and advanced to a new high on the week. Yesterdays strength is likely to continue but must offer support at or above the confluence of the pivot and yesterdays close to be considered bullish with 1407.00 as a minimum profit target. That said, yesterdays close is right at the .382 retracement of this weeks low to last weeks high and so far this week we have an inside weekly bar that follows an outside weekly bar with a negative bias. With important economic announcements this morning we could see a sell-off that if offers resistance at or below confluence expect 1388.25 as a minimum profit target to the short side and 1372.75 as an ultimate target. The Direct Access Trading Academy is celebrating its 8th year as a premier educational resource for traders and it is a bittersweet moment for me to announce that today is the last day of DATA Morning Call as I continue to pursue the capital management side of my business. I thank each of you for your participation and friendship over the many years. Best wishes to all of you! Trade with Knowledge! Burr Jennings ______________________________________________________________________
Thursday, May 29th Due to substantial growth in Jennings Capital Management (burrjennings.com) and the need to focus on that growth, this Friday will be the last day for DATA Morning Call GDP, Corp. Profits and Jobless 8:30am, Oil Inventory 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: Strength at the open found support at the .618 retracement of yesterdays morning high to Tuesdays low before rallying to fill the gap back to last Thursdays close at 1393.25 creating a capitulation to positive momentum on the daily bars. Yesterdays strength comes in front of important economic announcements and today's 8:30am ET reports will likely have an influence on directional bias. Today's loose confluence of the upper .214 and the pivot as highlighted above will decide the battle between bulls and bears with support at or above confluence offering 1393.25 as a minimum profit target. That said, this week has avoided a continuance of negative momentum with a double bottom at last weeks low to the tick. A breakdown below confluence could lead to an attack on 1372.75 which given last weeks outside week appears inevitable. Be in the DATA chat room for the latest real time analysis. Trade with Knowledge! Burr Jennings ______________________________________________________________________
Wednesday, May 28th Due to substantial growth in Jennings Capital Management (burrjennings.com) and the need to focus on that growth, this Friday will be the last day for DATA Morning Call Durable Goods 8:30am, Oil Inventory 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: Strength at the open found support at Fridays low and rallied to the lower .214 before closing just below the high of the day posting an inside day. Today yesterdays strength will likely continue with a break above 1387.75 to fill the gap back at Thursdays close at 1393.25 minimum. We have Durable Goods at 8:30am ET which will have a say in the matter of up or down and Oil Inventory at 10:30 will likely do the same. Down side targets should the market come unglued are the same as yesterday 1372.75 and perhaps quite a bit lower with 1370.75, 1336.00 and 1325.00 as ultimate targets. Trade with Knowledge! Burr Jennings ______________________________________________________________________
Tuesday, May 27th Due to substantial growth in Jennings Capital Management (burrjennings.com) and the need to focus on that growth, this Friday will be the last day for DATA Morning Call Consumer Confidence and New 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 gap down at the open on Friday continued to push lower breaking the low of the previous week to post an outside week. As the S&P was extremely overbought last Monday it is now extremely over sold and due for a bounce. A break of Fridays low today will likely be bought for a 5 to 10 point rally minimum and ultimately a return to positive momentum on the daily bars which currently stands at 1390.00. Strength at the open that finds resistance at the confluence of Thursdays low and the lower .214 will likely be sold back down to 1372.75 and perhaps quite a bit lower with 1370.75, 1336.00 and 1325.00 as ultimate targets. Trade with Knowledge! Burr Jennings ______________________________________________________________________ Monday, May 26th Memorial Day Holiday - U.S. Markets Closed ______________________________________________________________________ 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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