Thursday, May 4, 2023

DTI Daily Rundown - May 4

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On TBUZ TV Today:

4100.00 Pivot.

4128.00 Resistance

4080.00 Support

Opens: 2023 3895.00; 2nd Quarter 4127.00; May 4190.00.

Last Night's Recording: https://vimeo.com/823573584/6c6c676dbb

Watch 4040.00 on the ES. Below that, look for a flash meeting!

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Market Review:

Classes today start at 3:00pm ET

If you missed Tom and Stephen last night, you can find the recording here: https://vimeo.com/823573584/6c6c676dbb

The 80/20 offer is on the table. Classes start later this afternoon and continue into tonight.

In the ES: In addition to the 4080.00 support and the 4040.00 breaking number, don't forget to keep an eye on the April low at 4068.75. In terms of a monthly trend development this number is crucial. The month of May has already traded above the April high at 4198.25. The May high at 4206.25 shows an up-trend. A move below 4068.75 though would show a down-trend. Put both together, and you have no trend, an outside bar.


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

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Major Events:

May 5 Employment Reports

May 10 CPI

May 11 PPI

May 12 Consumer Sentiment

Key Numbers Opens: Above or Below

4190.00 is the open of the Week

4150.00 was the open of last Week

4127.00 is the open of the Quarter

4087.00 is the open

3895.00 is the open of 2023

What's Hot and Not!

Apple Reports After the Bell

AAPL opened the year at 130.28. The Quarter Open is 164.27. The Month open is 169.28. AAPL's high of the Year was yesterday's 170.92. Their April low was 159.78. In Extended hours AAPL dropped to 162.75 yesterday evening after the QCOM guidance.

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.

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