Kamis, 31 Agustus 2023

DTI Daily Rundown - August 31

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On TBUZ TV Today:

4527 Pivot.

4545 Resistance

4509 Support

Opens: 2023 3895.00; 3rd Quarter 4485.50; Month 4608.75

Recording from last night: https://vimeo.com/859603131/69032a96f2

HD after the hurricane could be worth looking into.

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Market Review:

Today is the last day of August.

If there is an oversized rally to put the month of August positive, it could add stress to the beginning of September. Today's market should really be more about September than August. I'm not certain it will. What the market should do, and what it ultimately does are not always aligned. As traders we focus a little less on what the market should do, and a little more on what it ultimately is doing. Right now, we are seeing strength. It does seem odd to say this of the August that started the week 200 points below the open of the month.

If you are looking to play HD after the hurricane then review the slides from last night, and yesterday's flash meeting. Last night's recording: https://vimeo.com/859603131/69032a96f2 and the flash meeting: https://vimeo.com/859462589/5158fdaada.


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

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Major Events:

Sep 1 Employment Reports

Sep 6 ISM Services PMI

Sep 13 CPI

Sep 14 PPI

Sep 14 Retail Sales



Key Numbers Opens: Above or Below

4617.75 is the open of the Month

4527.00 is the open

4485.50 is the open of the Quarter

4418.00 is the open of the Week

3895.00 is the open of 2023

What's Hot and Not!

Lululemon Athletica Inc. (LULU)

LULU reports after the bell today. LULU opened the year at 326.88. They opened the Quarter at 379.90 and opened the month at 376.99. So far in August LULU has been up to 394.64 and down to 359.81. Both numbers have moved beyond the range of July. LULU closed yesterday at 376.73.

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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