Wednesday, April 19, 2023

DTI Daily Rundown - April 19

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On TBUZ TV Today:

4165.00 Pivot.

4185.00 Resistance

4125.00 Support

Open of 2023: 3895.00, Open of April 4127.00

Wednesday night, come find out about MTI by DTI!

Gold market in corrective mode. Let it correct.

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Market Review:

Won't Get Fooled Again

Other than a great song by The Who, it's a great slogan. If you listened to the Street, everyone was expecting NFLX to hit the ball out of the park in the 1st Quarter. That expectation was delayed by NFLX. There is still a lot to be happy about if you are an investor when it comes to NFLX. It can be argued though, they didn't deliver as promised. It really comes down to the hype though. The hype on the 1st Quarter earnings raised the bar so high, that even a slight wobble was going to be seen as a disappointment. The earnings report itself was good, but not as strong as the hype suggested. An old adage for traders is to learn how the market can harm the most people. Some take this to mean, fade the street. I take it to mean, be wary. Understand when there is hype. Be prepared to act, both with the hype, and against it. Keep your eyes open and be nimble.


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

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Major Events:

Apr 21 Flash PMI

Apr 25 Consumer Confidence

Apr 27 GDP (Advance)

Apr 28 Cor PCE Price Index

May 1 ISM Manufacturing PMI


Key Numbers Opens: Above or Below

4176.00 is the open

4174.25 is the open of the Week

4127.00 is the open of the Quarter

3968.50 was the open of March 2023

3895.00 is the open of 2023

What's Hot and Not!

Tesla TSLA Earnings After the Close

TSLA opened the year at 118.47 and opened the month at 199.91. They opened this week at 186.32 and closed yesterday at 184.31. The high of the year for TSLA is 214.00, set back on February 9. TSLA's low this month was 176.11, set on April 10.

Join us Wednesday night to find out more about the MTI indicator from DTI!

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.

RISK DISCLAIMER There is a very high degree of risk involved in trading.. DTI Trader and all individuals affiliated with this site assume no responsibility for your trading results. The indicators, strategies, columns, and all other features are for educational purposes only and should not be construed as advice. Information for futures trading observations are obtained from sources believed to be reliable, but we do not warrant its completeness or accuracy, or warrant any results from the use of the information. Your use of the trading observations is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness of the information. You must assess the risk of any trade with your broker and make your own independent decisions regarding any securities mentioned herein.

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