Monday, April 24, 2023

DTI Daily Rundown - April 24

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On TBUZ TV Today:

4145.00 Pivot.

4175.00 Resistance

4125.00 Support

Open of 2023: 3895.00, Open of April 4127.00

Last week's Wednesday night Recording: MTI by DTI!

Precious Metals classes this week.

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Market Review:

A Big Week

With the Earnings Reports coming due this week, and this being the last week of the month, we should see the market open up a little. However, the shadow of next week's FOMC could loom large. On the economic front, 3 key reports, Consumer Confidence, GDP, and PCE are all released later this week.

The 101.75 range thus far for April, and the market sitting in the middle of this range, make it seem like the bulls and bears could be playing a game of chicken. Who moves first. And will the move hold, or will it be undone by earnings reports, economic news, or next week.

It's all one big stare down at the moment, and we wait with bated breath.


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

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Major Events:

Apr 25 Consumer Confidence

Apr 27 GDP (Advance)

Apr 28 Core PCE Price Index

May 1 ISM Manufacturing PMI

May 2 JOLTS Job Openings


Key Numbers Opens: Above or Below

4174.25 was the open of last Week

4150.00 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!

Big Earnings this Week

KO reported this morning, and a few big names come in this week. For example, AMZN, MSFT, and MC. Those earnings among others will be setting the trend. Look for the aggregate to tell the story of this market moving forward.

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