DTI Daily Rundown - November 16

On TBUZ TV Today:

4520 Pivot. 4545 Resistance. 4490 Support.

Opens: 2023 3895.00; 4th Quarter 4349.00; Month 4205.00

Recording from Sunday: https://vimeo.com/883828997/a817b43dd4

Recording from Wednesday: https://vimeo.com/885053838/9cce17a221

Scroll down to the bottom of the link, put in your name and email address, and get TBUZ TV

Market Review:

Setup Thursday

Thursday is the setup day for the end of the week. It is at this point that the market looks back at the first three days of the week and begins to set up the end of the week.

In the case of this week the first three days were positive. To be more specific the hour before the cash open on Tuesday was very positive. The market maintained a higher price level throughout the day on Wednesday. At this point we are looking to see the setup for Friday action in the market. A sizeable retracement in this market today would put the 4425.75 open of the week on the table. However, if the market hangs on to the gains from Tuesday morning again, then we could be looking at the possibility of challenging the high of the week/month.

Walmart reported earnings this morning. Watch the numbers.

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

Current version of RoadMap 10-20-2023

Genesis Bar: Nov 15 (11:30am ET)

High: 4531.00

Low: 4519.25

Major Events:

Nov 21 FOMC Minutes

Nov 22 Jobless Claims

November 22 Revised UofM Consumer Sentiment

November 24 Flash Manufacturing PMI

Key Numbers Opens: Above or Below

4514.25 is the open

4425.75 is the open of the Week

4349.00 is the open of the Quarter

4205.00 is the open of the Month

3895.00 is the open of 2023

What's Hot and Not!

Walmart (WMT)

Walmart (WMT) opened the year at 142.55. The second half of the year opened at 156.81. The fourth quarter opened at 159.49. WMT opened this month at 164.21. WMT seems to be heading up to break the 170.00 area.

Download and Print Your DTI Daily Rundown Here

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.