Monday, February 6, 2023

DTI Daily Rundown - February 6

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On TBUZ TV Today:

4132.00 Pivot.

4162.00 Resistance

4092.00 Support

Open of 2023: 3895.00, Open of February 4085.75

State of the Union Tuesday night

Unscheduled event at 1:00pm ET tomorrow (check email)

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State of the Market:

In the ES, Early action in February pushed us above the December and 4th Quarter high of 4180.00 in the ES. The next big number moving up in that market is likely 4327.50 (the 3rd Quarter high). Immediate support likely to be around last year's 1st Quarter low, 4101.75.

In the YM, 35228 is that 4th Quarter and December high from 2022. The YM is also still looking at the January high 34489.00 as the current High of the Year. Keep an eye on Down futures and those two numbers for signs the bulls may be resurging.

In the NQ, the push did its job. Not only is 12949.75 the high of the month and year, but it is also above 4th Quarter highs from last year. The next big number for the NQ should be 13740.75 (the 3rd Quarter high from 2022)


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

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Major Events:

Feb 10 Consumer Sentiment

Feb 14 CPI

Feb 15 Retail Sales

Feb 16 PPI

Feb 21 Flash Services PMI

Key Numbers Opens: Above or Below

4134.25 is the open of the Week

4094.50 was the open of Dec 2022

4085.75 is the open of the Month

4077.00 was the open of last Week

3895.00 is the open of 2023

What's Hot and Not!

The NQ pushed, and now can it hold. The markets rally was impressive and made big gains over the numbers from the 4th Quarter of 2022.

The ES is in the same boat as the NQ as is the Russell 2k.

The Dow futures however are telling a slightly different story and should be watched carefully.

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

Please consult your personal financial advisor before using this information for your own trading purposes.

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