DTI Daily Rundown - March 20

On TBUZ TV Today: 3960.00 Pivot. 4009.00 Resistance 3895.00 Support Open of 2023: 3895.00, Open of March 3968.50 SQQQ Class kickoff this morning at the TPC Pay attention, gather numbers on Monday.

Market Review:

All Eyes on Wednesday The Monday and Tuesday before an FOMC meeting are often thought of as do-nothing markets. Eventually we do move into a wait and see mode. The question becomes when. That action could start as late as the hour before the FOMC announcement, or it could start as early as this morning. Unfortunately, the only thing to do in that case, is wait and see. Often, we will see the market begin to try to influence the decision from the FOMC. Markets have been known to sell off at times prior to an FOMC meeting where the possibility of a rate hike exist. The CME FedWatch Tool is showing that a rate hike may not be the near certainty it was perceived to have been last month.

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

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 3968.50 is the open of the Month 3963.75 is the open of the Week 3920.50 was the open of last Week 3895.00 is the open of 2023

What's Hot and Not! FRC First Republic Bank (FRC) has a 52 week range of 17.53 to 174.21. It opened the year at 123.34 and opened the month at 122.01. On March 13 the 17.53 low was set, and in the Pre-Market FRC is trading at 19.08, down 3.95 or 17.15%. Many are watching to see the outcome with this one.

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