Monday, January 23, 2023

DTI Daily Rundown - January 23

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On TBUZ TV Today:

3975.00 Pivot.

4020.00 Resistance

3945.00 Support

January 25th Sawgrass meeting. Open of 2023: 3895.00

Chinese New Year (Asia Volume Down)

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Next Week Preview:

The Beginning of the End

The market opens this week at 3987.00. That's higher than the open of the year at 3895.00, but below last week's open at 4020.00.

Earnings season will continue through this week, and into the next.

Including today there are 7 days left in the month of January. So far, we are positive for the month. The average range of the ESH23 as of this morning is 65.02 points.

At this point, all opportunities are still on the table, though the market is pushing a bit higher.


Over 70% of stocks track with the S&P 500 Futures

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Major Events:

Jan 24 Flash PMI

Jan 25 DTI Sawgrass

Jan 26 Advanced GDP

Feb 1 FOMC

Feb 3 NFP

Key Numbers Opens: Above or Below

4094.50 was the open of Dec

4020.00 was the open of last Week

3987.00 is the open

3895.00 is the open of 2023

3593.25 was the open of 4Q 2022


What's Hot and Not

This week we start the tech sector earnings with INTC on Jan 26 and their traditional comparative AMD on Jan 31.

In the past when INTC has spiked higher, the big question was, is it a real move, or did they take back market share from AMD.

Things are not so simple now, but still worth a watch.

Past performance is not indicative of future results. Futures trading involves substantial financial risk.

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