Don't Miss Today's Key Market Insights and Information
| | | | | | | | | | | | | Today’s TBUZ TV
I plan on being in front of you as much as possible this week. Be sure to check the schedule and be there when you can.
"The future belongs to those who believe in the beauty of their dreams." - Eleanor Roosevelt
 
Monday
- 9am - Academy
- 10:15am - Daily Double
- 2pm - Zebra
- 3pm - Weekly EarlyBird
- 7pm - Futures First
Tuesday
- 10am - Academy
- 10:45am - Connect the Dots
- 11:30am - Live Trading
- 3pm - Flash
Wednesday
- 10am - Academy
- 11:30am - Flash
- 3pm - Live Trading
- 8pm - Special
Thursday
- 10:30am - Academy
- 11:30am - Live Trading
- 3pm - Flash
Friday
- 9am - EarlyBird
- 3pm - Weekly Wrap-Up
 Market Editorial - Chuck Crow
The Start of this Week
In overnight trading Sunday night ES futures pushed down to an overnight low at 4832.00 in the first 30 minutes of trading. The RB1 low was just 14 points higher than the open of 2024. Aside from the 4818 open of 2024, the only big remaining number would be the 4702.00 low of that year. Keep in mind that one of the big reasons for a shift lower in the overnight market was due to Asian markets having been closed as our US markets moved down aggressively on Friday. It remains to be seen what kind of day Monday will end up being. If the market can weather the storm, then we might begin to recover some of the weekend losses. That would likely be a big if though. The open of the week at 5007.00 should be a pivotal number if the market is able to recover. If it is moving down though, then expect 4818.00 the 2024 open of the year to be the number the market pivots on.
New Stocks:
I am not looking at producing any new positions for this week. We want to see the broader market calm down a little before advancing another position. That does not mean the market needs to be moving higher, but I do want to see the volatility pull back a little before we look for anything that needs more than a few minutes to produce profit.
 Update on Dollar General (DG)
All the previous information on Dollar General still applies.
DG is still a very strong stock. They traded up to 97.85 on Friday, though even DG was not able to hold on to their gains going into the weekend, The moved back down to close at 92.50, only a slight gain above Friday’s 92.26 open. Look for support in DG to climb from the 85.08 break point and move up to the current April low at 86.81. This stock could open more top side potential if it can find a way to move above 100.00.
Past recommendations:
McCormick & Company (MKC) Broke above the high line, running to 83.15 on March 31. Like the broader market though, it started turning lower breaking support at 80.38 with a big tumble on April 4. MKC dropped all the way to 76.31 before the end of day on Friday.
Marvel Technologies (MRVL) was predicated on a market recovery that never materialized. This stock provided an exercise in how not to go numb while sitting on the sidelines. There is really nothing more to add.
NVIDIA Corp (NVDA) took a little spin by breaking a key support level from February 21 at 134.03. They dropped all the way to 124.44, but recovered a little on February 26, and started February 27, back above the 134.03 number at 135.00. That early push on February 27 had us stepping to the sidelines after a successful short move. The quick downtrend was actually broken on February 26 as the daily bar moved above the 130.20 high from February 25. A subsequent sell off on February 27 left me kicking myself on the sidelines, and I think it may be best to leave NVDA there for now.
In Walmart (WMT), the February 20 high was 100.12. This was after a bad showing following earnings the day before. WMT pushed down to 92.12 last week, but may be trying to recover. The original expected resistance was 105.30, the high from February 14. Walmart should be booking to peek back above 100.12, and if it gets a little help from the broader market, then we could see some upward momentum. The chaotic state of the broader market may suggest the need for a little caution.
Super Micro Computer (SMCI) is now off the table. It moved back below support levels which initially started as resistance. SMCI was able to break above 38.50 and push past 48.00 and then 57.00, but could not rise above the third level of resistance at 67.00. It then got caught up in last week’s mess. This one is sidelined, after performing well.
News for the Week
Probabilities for the Week
Follow along and join the conversation for real-time analysis, trade ideas, market insights and more!
Important Note: No one from the DTI Trader team or Tom Busby will ever contact you directly on Telegram.
*This is for informational and educational purposes only. There is inherent risk in trading, so trade at your own risk.
| | | | | |
|
|
|
|
|
| | |
|
Today’s TBUZ TV
I plan on being in front of you as much as possible this week. Be sure to check the schedule and be there when you can.
  "The future belongs to those who believe in the beauty of their dreams." - Eleanor Roosevelt 
Monday
- 9am - Academy
- 10:15am - Daily Double
- 2pm - Zebra
- 3pm - Weekly EarlyBird
- 7pm - Futures First
Tuesday
- 10am - Academy
- 10:45am - Connect the Dots
- 11:30am - Live Trading
- 3pm - Flash
Wednesday
- 10am - Academy
- 11:30am - Flash
- 3pm - Live Trading
- 8pm - Special
Thursday
- 10:30am - Academy
- 11:30am - Live Trading
- 3pm - Flash
Friday
- 9am - EarlyBird
- 3pm - Weekly Wrap-Up
 Market Editorial - Chuck Crow The Start of this Week
In overnight trading Sunday night ES futures pushed down to an overnight low at 4832.00 in the first 30 minutes of trading. The RB1 low was just 14 points higher than the open of 2024. Aside from the 4818 open of 2024, the only big remaining number would be the 4702.00 low of that year. Keep in mind that one of the big reasons for a shift lower in the overnight market was due to Asian markets having been closed as our US markets moved down aggressively on Friday. It remains to be seen what kind of day Monday will end up being. If the market can weather the storm, then we might begin to recover some of the weekend losses. That would likely be a big if though. The open of the week at 5007.00 should be a pivotal number if the market is able to recover. If it is moving down though, then expect 4818.00 the 2024 open of the year to be the number the market pivots on.
New Stocks:
I am not looking at producing any new positions for this week. We want to see the broader market calm down a little before advancing another position. That does not mean the market needs to be moving higher, but I do want to see the volatility pull back a little before we look for anything that needs more than a few minutes to produce profit.
 Update on Dollar General (DG)
All the previous information on Dollar General still applies.
DG is still a very strong stock. They traded up to 97.85 on Friday, though even DG was not able to hold on to their gains going into the weekend, The moved back down to close at 92.50, only a slight gain above Friday’s 92.26 open. Look for support in DG to climb from the 85.08 break point and move up to the current April low at 86.81. This stock could open more top side potential if it can find a way to move above 100.00.
Past recommendations:
McCormick & Company (MKC) Broke above the high line, running to 83.15 on March 31. Like the broader market though, it started turning lower breaking support at 80.38 with a big tumble on April 4. MKC dropped all the way to 76.31 before the end of day on Friday.
Marvel Technologies (MRVL) was predicated on a market recovery that never materialized. This stock provided an exercise in how not to go numb while sitting on the sidelines. There is really nothing more to add.
NVIDIA Corp (NVDA) took a little spin by breaking a key support level from February 21 at 134.03. They dropped all the way to 124.44, but recovered a little on February 26, and started February 27, back above the 134.03 number at 135.00. That early push on February 27 had us stepping to the sidelines after a successful short move. The quick downtrend was actually broken on February 26 as the daily bar moved above the 130.20 high from February 25. A subsequent sell off on February 27 left me kicking myself on the sidelines, and I think it may be best to leave NVDA there for now.
In Walmart (WMT), the February 20 high was 100.12. This was after a bad showing following earnings the day before. WMT pushed down to 92.12 last week, but may be trying to recover. The original expected resistance was 105.30, the high from February 14. Walmart should be booking to peek back above 100.12, and if it gets a little help from the broader market, then we could see some upward momentum. The chaotic state of the broader market may suggest the need for a little caution.
Super Micro Computer (SMCI) is now off the table. It moved back below support levels which initially started as resistance. SMCI was able to break above 38.50 and push past 48.00 and then 57.00, but could not rise above the third level of resistance at 67.00. It then got caught up in last week’s mess. This one is sidelined, after performing well.
News for the Week 
Probabilities for the Week
Follow along and join the conversation for real-time analysis, trade ideas, market insights and more!
Important Note: No one from the DTI Trader team or Tom Busby will ever contact you directly on Telegram.
*This is for informational and educational purposes only. There is inherent risk in trading, so trade at your own risk.
|
ABOUT US: We believe that the opportunity for financial literacy and freedom belongs to all people, not just those who already have years of investing experience. Diversified Trading Institute provides an array of educational services and products that will help you navigate the markets and become a better investor. Trading is made simple through our online forum full of trading techniques to give you the best tools to kick-start your investing journey. We offer collaborative webinars and training; we love to teach. No matter the opportunity, we bring together a strong community of like-minded traders to focus on analyzing market news as it’s presented each day.
DISCLAIMER: FOR INFORMATION PURPOSES ONLY. The materials presented from Diversified Trading Institute are for your informational purposes only. Neither Diversified Trading Institute nor its employees offer investment, legal or tax advice of any kind, and the analysis displayed with various tools does not constitute investment, legal or tax advice and should not be interpreted as such. Using the data and analysis contained in the materials for reasons other than the informational purposes intended is at the user’s own risk.
DISCLAIMER: TRADE AT YOUR OWN RISK; TRADING INVOLVES RISK OF LOSS; SEEK PROFESSIONAL ADVICE. Diversified Trading Institute is not responsible for any losses that may occur from transactions effected based upon information or analysis contained in the presented. To the extent that you make use of the concepts with the presentation material, you are solely responsible for the applicable trading or investment decision. Trading activity, including options transactions, can involve the risk of loss, so use caution when entering any option transaction. You trade at your own risk, and it is recommended you consult with a financial advisor for investment, legal or tax advice relating to options transactions. Please visit https://www.dtitrader.com/terms-of-service-2/ for our full Terms and Conditions. Unsubscribe
This email was sent to stevenmagallanes520.nims@blogger.com by Diversified Trading Institute
3929 Airport BLVD, Ste 2-208, Mobile, AL 36609
DTITrader.com |
No comments:
Post a Comment