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DTI Daily Rundown - July 18

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On TBUZ TV Today:

4545 Pivot.

4565 Resistance

4525 Support

Opens: 2023 3895.00; 3rd Quarter 4485.50; June 4188.50.

10:45am ET Connect the Dots

Recording of Monday's Flash Meeting: https://vimeo.com/846047175/85328d4cf0

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Market Review:

Precious Metals

When inflation is the talking point, precious metals become important. The FOMC meets on July 26. We are looking at a near certainty of a rate hike. The CME FedWatch Tool shows 97.3% target rate probability at 5.25-5.50. Media speculation on the actions of the Fed has been consistently more dovish than the actual FOMC. As we near July 26, we can expect that to continue. Next week on Wednesday it all comes to a head.

This media vs FOMC show down comes to a head on July 26. The ripples created in the intervening time provide opportunities in the Precious Metals markets.

Listen to the recording of Tom's Flash Meeting from Monday to find out how you can take advantage of these ripples. https://vimeo.com/846047175/85328d4cf0


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

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Major Events:

July 24 Flash PMI

July 26 FOMC Statement and Press Conference

July 27 GDP Advanced

July 28 PCE Price Index


Key Numbers Opens: Above or Below

4550.25 is the open

4536.00 is the open of the Week

4485.50 is the open of the Quarter

4188.50 was the open of last Month

3895.00 is the open of 2023

What's Hot and Not!

Telsa (TSLA)

TSLA reports earnings after the market on Wednesday. TSLA opened the year at 118.47. The opened this month at 276.49 and started this week at 286.63. TSLA moved to a high of 292.23 on Monday. The 52-week high for TSLA is 314.67.

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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