DTI Daily Rundown - June 07

On TBUZ TV Today: 4290.00 Pivot. 4315.00 Resistance 4270.00 Support Opens: 2023 3895.00; 2nd Quarter 4127.00; June 4188.50. Market running into a little noise. The BUZZFly (modified butterfly) 3 Day high (and high of the Year) 4305.75

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Market Review:

Rollover Week This weekend we will be rolling index futures from the June contract to the September contract. There is currently a 43 point difference between the two contracts. That's roughly 1% for the ES futures. In the NQ the Sept. contract is 176.5 points higher, roughly 1.2%. In the YM the June contract is 278 points higher, roughly 0.83%. In the ES, this means when the market rolls over, if we are still trading near the highs we will automatically jump to a new high of the year. If we do start to see a pullback, 43 points lower than the current high of the ES would be 4262.75. The current low of this week is 4268.50. Keep in mind, under guidelines from the CME, the June contract rolls to the September contract after the close on Friday.

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Major Events: June 13 CPI June 14 PPI June 14 FOMC Announcement and Press Conference June 15 Retail Sales Key Numbers Opens: Above or Below 4292.25 is the open 4288.00 is the open of the Week 4188.50 is the open of the Month 4127.00 is the open of the 2nd Quarter 3895.00 is the open of 2023

What's Hot and Not! MMM The high of May was 106.83. The current high of June is 104.55. The high this week is 102.49, and yesterday's high was 99.63. 3M is experiencing some short-term resistance. The open of June is 93.47, and the low this month is 92.38. That also happens to be the low of the year.

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