DTI Daily Rundown - August 3

On TBUZ TV Today: 4537 Pivot. 4555 Resistance 4505 Support Opens: 2023 3895.00; 3rd Quarter 4485.50; Month 4608.75 AAPL and AMZN reporting after the bell Thursday. 80/20 every Thursday in August. Today's session at 9:15am ET Recording from last night: https://vimeo.com/851124930/ddda69c946

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Market Review:

4411.25 was the low of July. In the first two days of August the market has made a big down move. The reasons why almost become immaterial in the face of the numbers. The daily trend is negative, we have traded below the lows of the past few days. The weekly trend is currently negative. The monthly trend is still positive though. The primary support for a monthly trend will always be the low of the previous month. In this case that means the July low of 4411.25. The market has so far, in the first two days of August, not made a high higher than the July high at 4634.50. There are two big numbers to keep an eye on before that 4411.25 July low comes into play. The first is the midpoint of the month of July. 4522.875. The second number is the open of July at 4485.50. This market has been hit and knocked down. Will it show support and get back up, or will the market keep falling?

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Current version of RoadMap 7-12-2023

Major Events: Aug 4 Employment Reports Aug 10 CPI Aug 11 PPI Aug 15 Retail Sales and Empire State Manufacturing Key Numbers Opens: Above or Below 4617.75 is the open of the Month 4608.75 is the open of the Week 4534.25 is the open 4485.50 is the open of the Quarter 3895.00 is the open of 2023

What's Hot and Not! Amazon.com, Inc. (AMZN) Thursday after the bell AMZN reports earnings. AMZN opened the year at 85.46. They opened the quarter at 130.82. The month open for AMZN is 133.55. AMZN's high of the year was set on July 14 at 136.65. Last week's low in AMZN was 126.11. AAPL also reports after the bell on Thursday.

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