Selasa, 28 Februari 2023

DTI Daily Rundown - February 28

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On TBUZ TV Today:

3995.00 Pivot.

4023.00 Resistance

3975.00 Support

Open of 2023: 3895.00, Open of February 4085.75

11 of last 12 years Feb 28 has been down.

Power Plays, Connect the Dots, and a little special training today.

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Market Review:

Just Today

With only 28 days this year, the month of February will close on Tuesday. Which in itself is a bit of a news events. Wednesday is March 1, 2023. As it currently stands, March should be opening below the open of February and above the open of January, but there is still one more day.

The February open of the market was 4085.75, and the January open was 3895.00. The open this week is 3976.50. If the market were trying to get right in between the monthly opens, it's only off by about 15 points. Today's open of 3991.50 has corrected that. The market opens decidedly undecided. This could bring in a lot of frustration.


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

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Major Events:

Mar 1 ISM Manufacturing PMI

Mar 3 ISM Services PMI

Mar 8 ADP Employment

Mar 10 Employment Reports

Mar 14 CPI


Key Numbers Opens: Above or Below

4094.50 was the open of Dec 2022

4085.75 is the open of the Month

3991.50 is the open

3976.50 is the open of the Week

3895.00 is the open of 2023

What's Hot and Not!

Target and Costco

Target (TGT) reported great earnings and ran up to 175.00. It has retraced to 165.00 and has turned South showing lack of support for retail.

Costco (Cost) reports earnings later this week on March 3. Stay tuned for details.

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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