Friday, March 17, 2023

DTI Daily Rundown - March 17

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On TBUZ TV Today:

3994.00 Pivot.

4030.00 Resistance

3960.00 Support

Open of 2023: 3895.00, Open of March 3968.50

8:15am ET Sign up and be there.

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Market Review:

A Market Rally

For those that focus only on US news you may have missed the rate announcement yesterday from the ECB. Christine Lagarde, the ECB's President chaired a press conference where the decision to raise rates of 50 basis points or 1/2 a percent was discussed.

President Lagarde projected a cool confidence and an open-minded view on the policies moving forward. She was the confidence that markets may have needed, which certainly helped with yesterday's early rally.


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

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Major Events:

Mar 22 FOMC Statement

Mar 24 Flash Services PMI

Mar 28 Consumer Confidence

Mar 31 Core PCE

Apr 3 ISM Manufacturing PMI


Key Numbers Opens: Above or Below

4085.75 was the open of Feb 2023

3995.00 is the open

3968.50 is the open of the Month

3920.50 is the open of the Week

3895.00 is the open of 2023

What's Hot and Not!

AMD

Advanced Micro Devices this year has performed well and looks to continue that process in early trading today. AMD opened the year at 66.00. They opened the month at 78.55, and the week at 81.39. In overnight trading, AMD has already moved to at least 97.72 and continues to march.

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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