DTI Daily Rundown - August 1

On TBUZ TV Today: 4610 Pivot. 4630 Resistance 4590 Support Opens: 2023 3895.00; 3rd Quarter 4485.50; June 4188.50. Patience: AAPL and AMZN reporting after the bell Thursday. Oil surged yesterday. Gold surged as well. Connect the Dots and Power coming up later today.

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Market Review:

Trending. The month of June starts at 4617.75. That is 16.75 points below the high of July 4634.50. If the market is to move through those 16.75 points, plus one more tick, then we are continuing the uptrend. The goal of this market over the first few days of August should be to get to and through 4634.50. The other side of the equation, breaking the trend, is down at the low of July 4411.25. Macro trends can start to show fractures as their smaller counterparts are put in jeopardy. For instance, last week's high was 4634.50. The Weekly uptrend has the same goal as the monthly trend. However, last week's low was 4553.75. 4553.75 was set on the same day as 4634.50. On the daily trend basis, the uptrend starts to have a problem at yesterday's low, 4595.25. However, we have already traded higher than yesterday's high, 4619.25.

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Current version of RoadMap 7-12-2023

Major Events: Aug 2 ADP Employment Aug 3 ISM Services PMI Aug 4 Employment Reports Aug 10 CPI Key Numbers Opens: Above or Below 4617.75 is the open of the Month 4608.75 is the open of the Week 4485.50 is the open of the Quarter 4188.50 was the open of June 2023 3895.00 is the open of 2023

What's Hot and Not! Gold and Silver Among the earnings reporters today are Electronic Arts Inc (EA) and Allstate Corp (ALL). Both report after the bell today. These two stocks will give us a brief glimpse of the picture of the overall market. That view can be changed several different times by several different reportings until it is ultimately over-shadowed later this week by AAPL and AMNZ.

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