DTI Daily Rundown - March 09

On TBUZ TV Today: 3968.50 Pivot. 4020.00 Resistance 3967.00 Support Open of 2023: 3895.00, Open of March 3968.50 Focus shifts to Friday. With that understanding, we are not looking to be very aggressive. It all comes down to the early news Friday.

Market Review:

Waiting for the News All eyes focused on early morning news on Friday. The Employment Situation Reports released at 8:30am ET on Friday March 10 have caught traders' attention. After a big move on Tuesday, the range in the ES Wednesday of just under 32 points was aggressively small. You would need to go back to October of 2022 to find the comparative. In fact, that October day, was a Monday just a few days ahead of the Employment Situation Report in November of 2022. Jerome Powell's testimony of the past two days opened the door for a half point rate hike. Now, the question is… Do the Employment Situation Reports justify an increase to the pace of rate hikes?

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

Major Events: Mar 10 Employment Reports Mar 14 CPI Mar 15 PPI Mar 17 Consumer Sentiment Mar 22 FOMC Statement Key Numbers Opens: Above or Below 4085.75 was the open of Feb 2023 4049.25 is the open of the Week 3997.00 is the open 3968.50 is the open of the Month 3895.00 is the open of 2023

What's Hot and Not! Tesla There seems to be a major sell occurring with TSLA. We are still short from earlier indications. TSLA broke below 180.00 in the PreMarket and has moved into the 176 area. TSLA has not been below 180.00 since it was last there on February 1. The February open was 173.89, and the low that day was 169.93. Could be worth noting that the low on Jan 31 was 162.78.

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