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DTI Daily Rundown - September 14

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On TBUZ TV Today:

4530 Pivot.

4555 Resistance

4500 Support

Opens: 2023 3895.00; 3rd Quarter 4485.50; Month 4516.25

Recording from Wednesday: https://vimeo.com/864230885/4342ad4e24

ECB Raised rates by 0.25%. The PPI is up more than expected.

Weekend Side Hustle doing well!

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Market Review:

The last day of the September contract

In 24 hours, the September contract will expire. The September contract is trading 50 points below the December contract. The December contract is the current lead. The expiration for the futures contract will be early Friday morning. Currently the December contract is trading near the open of the 3rd Quarter at 4485.50.

In trading futures, don't forget the story. What is the market trying to do? If we are trying to keep the expiring contract above the open of the quarter, we need to understand its relationship to the current contract. In this case, add 50 to 4485.50 and you arrive at 4535.50. The 50-point difference is not exact so be careful. However, based on this information I would watch carefully when the December contract is trading around 4535.


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

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Major Events:

Sep 15 Empire State Manufacturing

Sep 15 Consumer Sentiment


Sep 20 FOMC Announcement

Sep 20 Press Conference


Sep 22 FLASH Manufacturing PMI

Sep 22 FLASH Services PMI

Key Numbers Opens: Above or Below

4521.75 is the open

4516.75 is the open of the Month

4514.00 is the open of the Week

4485.50 is the open of the Quarter

3895.00 is the open of 2023

What's Hot and Not!

PPI

Both the PPI and the CPI saw an increase in the standard number, and a decrease in the Core number. In the CPI the standard increased by 0.5% and the Core decreased by 0.4%. The PPI did something a little different. The Core PPI decreased by 0.2% and the standard PPI increased by 0.8%. That increase in the standard PPI is greater than expected. Pay Attention!

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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