Wednesday, April 26, 2023

DTI Daily Rundown - April 26

image

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.

image
image

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

image

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.

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.

Unsubscribe

DTI Trader 1555 University Blvd S Mobile, Alabama 36609 United States (251) 652-1555

No comments:

Post a Comment

Private investors pour $50 billion into booming sector… investment opportunity

Unstoppable megatrend driven by hundreds of billions in government spending ...