Thursday, April 27, 2023

DTI Daily Rundown - April 27

image

On TBUZ TV Today:

4095.00 Pivot.

4116.00 Resistance

4075.00 Support

Open of 2023: 3895.00, Open of April 4127.00

If you missed last night's Wednesday on the Web event, click here.

Flash Meeting 10:30am ET Click here to join.

image
image

Market Review:

A New Low

The low of April is currently 4068.75. These markets have been climbing in the overnight session, and have peeked above 4100.00. The big number is the open of the month and quarter, 4127.00. Early action shows strength. With both news and earnings coming, that strength could be temporary. At present, the market is moving towards the 4127.00 open of the month. How will the market react to the news this morning? Perhaps it will rally and make Friday all about 4127.00.

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 28 Core PCE Price Index

May 1 ISM Manufacturing PMI

May 2 JOLTS Job Openings

May 3 ADP Employment

May 3 FOMC Statement and Press Conference


Key Numbers Opens: Above or Below

4150.00 is the open of the Week

4127.00 is the open of the Quarter

4085.50 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 today. The list is long, but both before the bell, and after, earnings reports highlight the day. The market reaction to these reports on the penultimate day of the month will set the stage for a Friday showdown. Combined with earnings from this morning is our first look at first quarter GDP.

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

Most important medical advance in 100 years

Artificial Intelligence is being harnessed to create breakthrough drugs no one has ever seen before. ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ...