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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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Wednesday, May 7th Productivity and Costs 8:30am, Pending Home Sales 10:00, Oil Invty 10:30, 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: Weakness yesterday at the open found support at S2 and rallied almost the entire day breaking well above Mondays high and retracing more than 90% of the way back to last weeks high suggesting further strength today. Weakness at the open today that maintains support above the loose confluence of the upper .382 and the pivot as highlighted above and the buy side is favored with 1422.25 as a minimum profit target and 1424.00 as an ultimate target. Above 1424.00 and further ascent is likely to be a struggle. A gap up at the open and the short side is favored as long as trading below the open with a gap fill and negative momentum on the daily bars as minimum profit targets. I am out of the office due to a death in the family beginning today and WILL NOT produce DATA MC Thursday or Friday. I will do my best to keep the DATA chat room up in my absence. See ya next Monday! Trade with Knowledge! Burr Jennings ______________________________________________________________________
Tuesday, May 6th No Significant Economic 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 yesterday at the open found resistance at Fridays close and confluence, selling off to below Fridays low putting negative momentum back on the daily bars yet closed above Fridays low suggesting the bulls are not ready to give up the fight quite yet. Today we have loose confluence between the lower ,214, the pivot and yesterdays close as highlighted above. Trading with resistance below this level and the short side will be favored with 1404.25 as a minimum profit target and 1383.00 as an ultimate target. A break above yesterday afternoons high of 1409.50 and the bulls may make a run for 1416.00 and ultimately 1424.00. I am out of the office due to a death in the family beginning Wednesday and will not produce DATA MC Thursday or Friday. I will do my best to keep the DATA chat room up in my absence. Trade with Knowledge! Burr Jennings ______________________________________________________________________
Monday, May 5th ISM Non-Manufacturing 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 fill the gap back to Thursdays close and the upper .214 whereupon buyers squeezed out short sellers in to the close. Today we are likely to see sellers return to take the S&P below Fridays low of 1406.00 with 1383.00 as an ultimate profit target. Confluence at 1415.25 as highlighted above will likely be an excellent line in the sand to trade against today. Trading above confluence with support and the short side should be avoided until trading above Fridays high of 1424.00 whereupon further ascent will likely be a struggle. A gap up at the open and the short side will be favored with a gap fill and negative momentum on the daily bars as minimum profit targets. This week is very light on economic announcements. 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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