Selasa, 27 Juni 2023

DTI Daily Rundown - June 27

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On TBUZ TV Today:

4370.00 Pivot.

4390.00 Resistance

4345.00 Support

Opens: 2023 3895.00; 2nd Quarter 4127.00; June 4188.50.

Today at 1:00pm ET Learn about the Weekend Side Hustle

8 Trading Days Until July 6. Don't forget Wednesday night planning.

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Market Review:

4333.00

In a close-out week like this, you are generally looking for the market to either make a move to extend the range or to head back to the open. Extending the range would be the market climbing up past 4493.75. Heading back to the open means 4188.50. There are four trading days left in the month. The 20-day average range is above 47 points. The market could be at a critical point today. If it does not make a run lower, the open of the month at 4188.50 could start slipping away from the realm of probabilities (though of course anything is possible in the market).

If the market decides not to rally, then start paying attention to 4333.00. It's a bit of an odd looking number. It also is the exact midpoint between the open of this year, 2023, and the open of last year 2022. 4771.00 and 3895.00 added together give you 8666. Divided by 2 that number becomes 4333.00. The current midpoint of June is 4335.875.


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

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Major Events:

June 29 GDP (Final)

July 3 ISM Manufacturing PMI

July 5 FOMC Minutes

July 6 ADP Employment

July 6 ISM Services PMI

Key Numbers Opens: Above or Below

4390.00 is the open of the Week

4375.75 is the open

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!

General Mills, Inc. (GIS)

GIS reports earnings before the bell on Wednesday. GIS opened the year at 83.56. They opened the quarter at 85.49 and opened the month at 84.26. In the past 4 quarters GIS has beat the consensus estimate on EPS.

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.

RISK DISCLAIMER There is a very high degree of risk involved in trading.. DTI Trader and all individuals affiliated with this site assume no responsibility for your trading results. The indicators, strategies, columns, and all other features are for educational purposes only and should not be construed as advice. Information for futures trading observations are obtained from sources believed to be reliable, but we do not warrant its completeness or accuracy, or warrant any results from the use of the information. Your use of the trading observations is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness of the information. You must assess the risk of any trade with your broker and make your own independent decisions regarding any securities mentioned herein.

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