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DTI Daily Rundown - September 5

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On TBUZ TV Today:

4507 Pivot.

4540 Resistance

4490 Support

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

Recording from Monday: https://vimeo.com/860956386/94587b0d1d

Option Class at 10:30am ET

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Market Review:

Labor Day Holiday Market

For stocks the holiday is simple. The market was closed on Monday and opens this morning at 9:30am ET. In other words, there was no market on Monday. Futures markets are a little different. While technically there is no Monday trade date, the reality is a little more nuanced. The Futures market for Tuesday September 5, 2023, opened Sunday night, September 3. It traded until 1pm ET on September 4, and then halted. The market resumed trading at 6pm ET on September 4, and will continue trading until 5:00pm ET today. The open of the week in the futures market was 4521.25. The high so far is 4531.25, and the market has a low of 4500.00. As the stock market opens, we already have a long list of information we can use from the futures market to understand what today is telling us.


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

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Major Events:

Sep 6 ISM Services PMI

Sep 13 CPI

Sep 14 PPI

Sep 14 Retail Sales

Sep 15 Empire State Manufacturing, and Consumer Sentiment



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!

Apple Inc. (AAPL)

The earnings date is not until late October. However, Apple does have an event scheduled for September 12 at 1pm ET. The last iPhone rollout was on September 7, 2022. Based on the date, this will probably be the next gen iPhone. The lead up to the announcement, and the following reaction is what we want to focus on.

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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