Wednesday, April 26, 2023

DTI Daily Rundown - April 26

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On TBUZ TV Today:

4105.00 Pivot.

4125.00 Resistance

4075.00 Support

Open of 2023: 3895.00, Open of April 4127.00

Join tonight at 8pm ET using the link http://www.dtitrader.com/live

The market is under a little pressure before the end of the month.

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Market Review:

A New Low

The low of Tuesday's market was 4091.50. Already the overnight low for the ES is 4089.25. Both set new monthly lows. But slow down just a tiny bit. The range for the ES expanded from 101.75 to 109.00.

The open of the month is still 4127.00.

Now here's a little trick. Take the difference between the high and the open (71.25). Subtract that from the open, and it points you down to 4055.75. That's how far down the market would need to get to start being considered oversold.

Though with the time winding down, every move away from 4127.00 could be meaningful. The real question is, which side of 4127.00 will the month close on?


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

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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

4150.00 is the open of the Week

4127.00 is the open of the Quarter

4110.25 is the open

3968.50 was the open of March 2023

3895.00 is the open of 2023

What's Hot and Not!

Big Earnings this Week

Over 600 earnings reports both today and tomorrow. Among the leaders today ORLY reports after the bell. Tomorrow morning LUV and LLY report before the open. In addition, both AMZN and AMGN are scheduled to report on what should be a very important day 4 of the week.

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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