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Morning Market Update with TBUZ TV

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Don't Miss Today's Key Market Insights and Information
 
   
     
   
Today’s TBUZ TV

Don't miss the Weekly Wrap-Up at 3pm ET!   The link to join is https://dtitrader.com/live
 




"Nothing will work unless you do." - Maya Angelou


Friday
     - 10:30am - Earnings Session

     - 11:30am - Live Trading
     - 3pm - Weekly Wrap-Up

 

I recently sat down with Nate Tucci and we shared the Tariff Breakout Watchlist.  Miss it?  Click here to watch the replay

Market Editorial - Chuck Crow

Regions Financial

Regionals Financial (RF) has moved into the range between 20.31 and 21.14.  This stock has been a little mercurial.  So too has the broader market.  I still think that RF represents a solid potential.  Wednesday RF moved up to 20.82 and then dropped back down.  On Thursday, they climbed back to 20.58, and could climb again if the broader market moves higher.  Watch the 21.14 resistance line, and the 21.40 high from April 17.

Halliburton Company

Halliburton Company (HAL) is still trading below 23.42.  The stock has moved up from 19.75 low from April 22.  The lows since then have been 20.26 on Wednesday, and 20.64 on Thursday.  Keep an eye on Wednesday’s high at 21.58.  A break above that level could put HAL on track to challenge the 23.42 resistance.

Observation

ES futures began this week at 5283.75.  Friday’s trading session opened at 5529.00.  The week appears to be moving towards a positive conclusion.  The month, which opened at 5644.25 is still slightly negative.  The month of April will come to a conclusion on Wednesday of next week.  If this market can maintain the gains of this week, then a small climb at the start of next week could move a chaotic April into being a positive month.  The 3 major levels to consider as we move into trading the next 4 days are tonight’s open at 5529.00, the open of April at 5644.25, and Thursday’s low at 5355.25.  It is time to start thinking not only of how the market closes April, but also how it could start May.  If the market can close within a reasonable distance from the high of April, whether that be 5773.25 or higher, then May can start by breaking above the high of previous month.  That move could break the downtrend, and possibly allow the market to calm down.

News for the Week





Probabilities for the Week




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