DTI Daily Rundown - April 21

On TBUZ TV Today: 4145.00 Pivot. 4175.00 Resistance 4125.00 Support Open of 2023: 3895.00, Open of April 4127.00 Wednesday night Recording: MTI by DTI! I'll be on Ask the Pros today. Watch for the email invite.

Market Review:

Next Week Next week's big economic event is likely the Advanced GDP report due out on Thursday the 27th. The big market event though will likely be the close out of April. All this occurring in the week prior to the FOMC announcement on May 3. The market has been grindy and could continue that way. But closeout markets tend to have a goal in mind. The month of April opened at 4127.00. The high of the month so far is 4198.25, and the low so far is 4096.50. With slightly over a 100 point range (101.75) this month has been tight. In the past 20 months the smallest range prior to this was the November 2021 183.50 point range. As a result of this very small range, the month of April will move into its last week capable of just about anything. Meaning this should be fun. Stay tuned and stay alert.

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

Major Events: Apr 25 Consumer Confidence Apr 27 GDP (Advance) Apr 28 Cor PCE Price Index May 1 ISM Manufacturing PMI May 2 JOLTS Job Openings Key Numbers Opens: Above or Below 4174.25 is the open of the Week 4153.75 is the open 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 After cutting prices several times earlier this year, including a price cut early this month, Tesla reversed course and raised prices this week. The four models in question are still between 16% and 23% cheaper than they were at the start of the year. TSLA closed yesterday at 162.99.

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