DTI Daily Rundown - May 11

On TBUZ TV Today: 4152.00 Pivot. 4175.00 Resistance 4133.00 Support Opens: 2023 3895.00; 2nd Quarter 4127.00; May 4190.00. Last night's Wednesday on the Web Recording: MTI by DTI https://vimeo.com/825687611/ae8196a660

Market Review:

Midpoints We use midpoints in the market to help us decide where the market is leaning. For the month of May we have spent a great deal of time below the 4190.00 open of the month. However, given the way that April closed, with a rally, this is not that surprising. The midpoint of the month so far is 4134.25. That may very well be the battle ground number. Above 4134.25, the market has a chance to power through, and show off some strength. Below that number the weakness of May is apparent. The high so far this month has been 4206.25 and the low has been 4062.25. If those numbers remain unchanged, then 4134.25 is our best judgment on May. Another number to consider is the FOMC number 4150.00. It was a bit of a surprise that the market pushed to that level before the FOMC announcement back on May 3. May 3 opened at 4133.25.

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

Major Events: May 12 Consumer Sentiment May 15 Empire State Manufacturing May 16 Retail Sales May 23 Manufacturing PMI Key Numbers Opens: Above or Below 4190.00 is the open of the Month 4152.75 is the open 4151.00 is the open of the Week 4077.25 was Friday's open 3895.00 is the open of 2023

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