Tuesday, March 28, 2023

DTI Daily Rundown - March 28

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On TBUZ TV Today:

4011.00 Pivot.

4030.00 Resistance

3980.00 Support

Open of 2023: 3895.00, Open of March 3968.50

Earnings Play and Connect the Dots

Watch Apple

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Market Review:

Last Week of the First Quarter (2nd Rendition, no real change from Monday)

An open this week of 4008.00 shows us a market that is fighting to stay higher. Last week's high, after the FOMC announcement was 4073.75. Above that level, the market may focus on the January high of 4109.25. We have been above that level, so don't expect much resistance, but a rally could stall around that area as if it had reached a target.

On the short side of the market, the range between the open of the quarter 3895.00, and the open of the month 3968.50, should be the contested ground this week. However, as the bulls have decided to push higher, and away from making this a contest, the bears may just have to wait, unless the market starts falling, and enters that contested range.


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

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Major Events:

Mar 31 Core PCE

Apr 3 ISM Manufacturing PMI

Apr 4 JOLTS Job Openings

Apr 5 ADP Employment

Apr 5 ISM Services PMI


Key Numbers Opens: Above or Below

4085.75 was the open of Feb 2023

4013.50 is the open

4008.00 is the open of the Week

3968.50 is the open of the Month

3895.00 is the open of 2023

What's Hot and Not!

Apple (AAPL)

Apple opened this week at 159.94. The range on Monday was 160.77—157.87. If Apple takes out either side of the range, it could be an early clue to early direction of the market as a whole. AAPL represents a significant percentage of the indices it belongs in. And it belongs in a lot of indices. So, look for AAPL to lead the way with that early clue.

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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