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  🚨 The “1205 Indicator” 🚨
Every day at 12:05 PM ET, something strange happens…
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💥 Click here to check it out while it’s still live Market Editorial - Chuck Crow
Highlights
Yet another new all time high at 6457.75 to start the week. ES futures moved back down to the 6428.25 close of the previous week. Tuesday’s low at 6396.25 is the low of the week so far.
Southern Company (SO)
SO dropped to 93.96 on Monday, trading below last week’s range. The stock was able to recover a little by climbing to 95.24 on Tuesday, but closed the day back at 94.50. SO is not reporting until Thursday, and a lot can happen between now and then, especially with the FOMC this afternoon.
Keurig Dr Pepper (KDP)
KDP extended its range down to 32.90 but rallied up to 33.99 before closing for the day on Tuesday. The stick remains in a trading range, and has really made no ground. The next few days could change the broader market, and we will see if this stock is able to move.
Regions Financial (RF)
RF spent the past two days climbing up from 25.86 and has moved to a high this week at 26.51. That is still shy of last week’s high at 26.66, and remains above last week’s low at 25.86.
Constellation Brands, Inc (STZ)
STZ dropped down to 171.68, and though they did recover to Tuesday’s high at 175.59, we were using 173.00 as our warning sign, and this stock should now be shelved.
Walgreens Boots Alliance (WBA)
WBA opened the week at 11.60 and they climbed to 11.64 to match last week’s high. The stock closed out Tuesday at 11.62. The low of the week is currently 11.59 and the market is generally climbing going into the next few days of tumultuous news events.
Super Micro Computers (SMCI)
SMCI opened this week at 55.81 and climbed to 61.48 The low for the week is 55.30. Last week’s low was 48.85. This stock is on a roll, but it remains to be seen how the events of the next few days are going to impact performance.
The Broader Market
The market opened on a gap high at 6450.00 and moved up to 6457.75. Monday’s close at 6424.50 was just below last week’s close at 6428.25. The retracement of the market continued Tuesday with a drop to 6396.25. Wednesday is FOMC day, and at the last FOMC announcement, ES futures were trading at 6058.25. It may be a little more than a coincidence that the current high, set during Monday’s trading is just shy of 400 points above the previous FOMC number.
News for the Week
Probabilities for the Week
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