Thursday, June 1, 2023

DTI Daily Rundown - June 01

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On TBUZ TV Today:

4200.00 Pivot.

4230.00 Resistance

4170.00 Support

Opens: 2023 3895.00; 2nd Quarter 4127.00; June 4188.50.

WoW Recording: https://vimeo.com/832096829/f2cc34d2a9

9:15am ET 80/20 Flash Meeting.

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Market Review:

Settlement or Last Traded Price

Was the month of May positive, or negative? The answer will likely not surprise many. The truth is it depends. The Settlement price at the end of May was 4190.50. That shows the month of May positive by half a point. However, the last traded price in May was 4188.25, which shows the month down by 1.75 points.

My personal preference is to compare like to like. The open of June at 4188.50 is below the open of May at 4190.00. The truth is though, it does not matter too much. Both numbers are above the quarter open of 4127.00, and there is plenty of trading between here and the end of the quarter.

One thing to be aware of though. This kind of closeness in the numbers creates confusion, and the confusion can create opportunity.


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

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Major Events:

June 2 Employment Reports

June 5 ISM Services PMI

June 13 CPI

June 14 PPI

June 14 FOMC Announcement

Key Numbers Opens: Above or Below

4239.75 is the open of the Week

4190.00 was the open of last Month

4188.50 is the open of the Month

4127.00 is the open of the 2nd Quarter

3895.00 is the open of 2023

What's Hot and Not!

Wednesday on the Web

If you missed our presentation last night, you can find the recording here: https://vimeo.com/832096829/f2cc34d2a9 . Take the time to listen in. The market has great potential in the next few weeks, and we want to be in a position to take advantage of it.

For those that join, there is a 9:15am ET 80/20 Flash Meeting today.

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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