DTI Daily Rundown - May 1

On TBUZ TV Today: 4185.00 Pivot. 4205.00 Resistance 4155.00 Support Open of 2023: 3895.00, Open of May 4190.00 Live trading at 3:00pm ET (Watch your email for the invite) Tonight at 8:00pm ET Join us for a live look at the highlights for the week!

Market Review:

All Eyes on the Fed According to the CME FedWatch Tool: https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html the odds of a change in rates are high. While this number will change throughout the day as more data comes in, this morning it's at 86.3% probability of a quarter point hike in rated on Wednesday. Last week it was at 90.5%. However, a month ago the probability was at only 48.4%. In fact, a month ago there was a 51.6% perceived probability of no change in rates. All those numbers changing because of two words, "may" and "be". In the last FOMC statement, the FOMC introduced uncertainty into the decision. Will they do the same this week?

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

Major Events: May 2 JOLTS Job Openings May 3 ADP Employment May 3 FOMC Statement and Press Conference May 5 Employment Reports Key Numbers Opens: Above or Below 4190.00 is the open 4150.00 was the open of last Week 4127.00 is the open of the Quarter 4068.75 was the low of April 3895.00 is the open of 2023

What's Hot and Not! AMD Reports Earnings May 2 is the scheduled date, with earnings coming after the close. AMD opened the year at 66.00, opened the quarter at 96.70, and closed Friday at 89.37. May 4 AAPL Reports earnings.

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