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DTI Daily Rundown - September 21

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On TBUZ TV Today:

4360 Pivot.

4385 Resistance

4330 Support

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

Recording from Saturday: https://vimeo.com/867485700/3abd177208

9:15am Power 5 Picks of the Week

10:45am Connect the Dots

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Market Review:

The 3rd Quarter:

There are 4 days left this week. The market has the potential to recover by the end of this week. However, it also has the potential to continue to move lower. The range from Monday will do a great deal to inform our understanding of where this market may be moving. If the market breaks Monday's low at 4338.25 we should expect a continuation of the lower move. That would be two days in a row with the market setting a new low for the quarter. The prior low at 4350.00 was set in August. However, the market could decide to reject the lower move by moving above Monday's high at 4383.50. A high-end move would suggest the market is still capable of challenging the open of the quarter at 4485.50. Time is becoming.


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

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Major Events:

Sep 28 Final GDP

Sep 29 Core PCE

Sep 29 Revised Consumer Sentiment

Oct 2 ISM Manufacturing

Oct 4 JOLTS Job Openings

Key Numbers Opens: Above or Below

4516.75 is the open of the Month

4382.00 is the open

4365.00 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!

Nike, Inc. (NKE)

Nike reports earnings on September 28. Nike opened the year at 118.55. They opened the 3rd quarter at 111.06, and they opened September at 101.97. NKE has a low this year at 89.79. The stock has been pushing the lower side. The open this week is 90.00.

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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