Thursday, December 14, 2023

DTI Daily Rundown - December 14

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On TBUZ TV Today:

4775 Pivot.

4805 Resistance.

4745 Support.

Opens: 2023 3895.00; 4th Quarter 4349.00; Month 4571.75

Wednesday Recording: https://vimeo.com/892077409/a78276d421

Flash Meeting at 9:15

Post FOMC Market: 4699.25 was the ES Print at 14:00 EST yesterday

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Market Review:

4699.25

The FOMC number is the price point in the market at the time of the release of the FOMC Statement. That number for December 13, 2023, was 4699.25.

If we compare the overnight open of 4760.75 to 4699.25, we can gain an understanding of the move since the release of the FOMC statement. The market reacted strongly.

This market has already pushed above the 2022 open at 4771.00. They still have the all-time high for the ES at 4808.25 to climb to and possibly through.


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

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Genesis Bar: Dec 12 (11:30am ET)

High: 4706.00

Low: 4701.50

Major Events:

Dec 14 Retail Sales

Dec 15 Empire State Manufacturing Index

Dec 15 Flash Manufacturing PMI

Dec 15 Flash Services PMI

Key Numbers Opens: Above or Below

4677.75 is the open

4660.75 is the open of the Week

4571.75 is the open of the Month

4349.00 is the open of the Quarter

3895.00 is the open of 2023

What's Hot and Not!

Costco Wholesale Corporation (COST)

COST reports earnings after the bell today. COST opened the year at 458.00. The open of the second half of the year was 537.25. The fourth quarter open was 567.91. This month COST opened at 593.28. COST has traded up to 642.60 with yesterday's broad market rally.

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.

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