DTI Daily Rundown - May 24

On TBUZ TV Today: 4150.00 Pivot. 4180.00 Resistance 4120.00 Support Opens: 2023 3895.00; 2nd Quarter 4127.00; May 4190.00. Join us tonight for Wednesday on the Web at 8pm ET Flash Meeting 3:30pm ET - It's time to pay attention!

Market Review:

The New Midpoint of May The midpoint for May in the ES had been 4134.25. That was before the new high at 4227.25. The low for the month is so far, unchanged at 4062.75. To find the new midpoint of the month, add the high and low together, then divide by 2. It's a simple concept. The midpoint for May 2023 is 4144.75. The FOMC number is 4150.00. The open of the Quarter is 4127.00. The open of the Month is 4190.00. These are the numbers that should define this market.

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

Major Events: May 25 GDP (Preliminary) May 26 Core PCE May 30 Consumer Confidence May 31 JOLTS Job Openings Key Numbers Opens: Above or Below 4190.00 is the open of the Month 4189.00 is the open of the Week 4158.00 is the open 4127.00 is the open of the 2nd Quarter 3895.00 is the open of 2023

What's Hot and Not! FOMC Minutes at 2pm ET The release of the FOMC minutes is not likely to provide any further understanding of the intentions of the FOMC board. It will be a time to be aware. In the recent past the FOMC minutes have been an occasion to reaffirm the views of the FOMC. Those views often getting lost in media drama. At the release of the FOMC statement some weeks ago, the ES Futures were trading at 4150.00.

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