DTI Daily Rundown - April 25

On TBUZ TV Today: 4145.00 Pivot. 4165.00 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.

Market Review:

Statistical Tuesday In the month of April, the ES has moved as high as 4198.25 and the low of the month was 4096.50. The midpoint of this month's range is 4147.375. It makes that area between 4147.00 and 4148.00 a rather important level. To the untrained eye, perhaps you have seen the market pivoting around 4150.00. That rough estimate works, but the reason it works is 4147.375. That midpoint pivot sits 20 points above the 4127.00 open of the month which should loom larger and larger as we get closer to Friday. Friday is the last trading day of April. Before Friday, the market needs to decide if the current range for April is sufficient. The next step is deciding which side of the midpoint the market should be on. Finally on Friday, the market will either be above or below the open of the month.

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

Major Events: Apr 27 GDP (Advance) Apr 28 Core PCE Price Index May 1 ISM Manufacturing PMI May 2 JOLTS Job Openings May 3 ADP Employment... Key Numbers Opens: Above or Below 4157.25 is the open 4150.00 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! Big Earnings this Week PepsiCo, Inc. (PEP) reported this morning. It is up in Pre-Market trading. PEP beat the analyst's expectations and raised the full-year profit guidance citing resilient demand and price hikes. PEP opened the year at 180.59, and they opened the month at 181.90. After opening the week at 186.50, PEP has been as high as 188 in Pre-Market trading.

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