Monday, March 6, 2023

DTI Daily Rundown - March 06

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On TBUZ TV Today:

4052.00 Pivot.

4085.00 Resistance

4025.00 Support

Open of 2023: 3895.00, Open of March 3968.50

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Market Review:

A Staggered Start

Much like last month, the market stretched early, and then turned itself around. At the beginning of February the market stretched to an early high, and spent the rest of the month settling back down to the middle, around the February open of 4085.75. The end of February saw the market pushing down.

March opened low, and stretched down to 3925.00, below the February low, but has rallied back to open this week at 4049.25. It is almost back to that February open 4085.75, that we now view as short term resistance.


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

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Major Events:

Mar 8 ADP Employment

Mar 10 Employment Reports

Mar 14 CPI

Mar 15 PPI

Mar 17 Consumer Sentiment


Key Numbers Opens: Above or Below

4085.75 was the open of Feb 2023

4049.25 is the open of the Week

3976.50 was the open of last Week

3968.50 is the open of the Month

3895.00 is the open of 2023

What's Hot and Not!

Monetary Policy Report to Congress

On Tuesday and Wednesday of this week, Jerome Powell will head to the hill. He will be testifying Tuesday to the Senate Banking committee and Wednesday to the House Financial Services committee. These testimonies can be a market disruptor. Be careful on Tuesday and Wednesday morning, especially when we get to the unscripted question and answer portion.

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

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