DTI Daily Rundown - November 30

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On TBUZ TV Today:

4580 Pivot.

4595 Resistance.

4560 Support.

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

Recording from Sunday: https://vimeo.com/888536669/c1e4fba097

Wednesday Recording: https://vimeo.com/889733804/d053ac6a0f

10:30am EST Flash Meeting on Precious Metals Plus 5 Stocks

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Market Review:

Thursday

It's officially closeout time.

Core PCE Price Index Y/Y came in last time at 3.7%. It is expected to come in this time around 3.5%. After the Core PCE number is released, the market will be free to hunt the end of the month.

This Friday is the first of December. Next Friday December 8 will be the last day of the ESZ23 as lead contract. December 15 is the third Friday, and Expiration. The March 2024 ES Futures contract (ESH24) is trading 50 points higher than the ESZ23. When we rollover at the end of next week, it is possible that we roll straight into a new high of the year. 50 points below 4634.50 is 4584.50. I expect the 4584.00 area to be somewhat contested.


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

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

High: 4571.50

Low: 4562.75

Major Events:

Nov 30 Core PCE Price Index

Dec 1 ISM Manufacturing PMI

Dec 5 ISM Services PMI

Dec 5 Jolts Job Openings

Key Numbers Opens: Above or Below

4568.50 is the open of the Week

4562.25 is the open

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!

Fridays in December

December 1: First Friday. December 8: Last Friday with ESZ23 as lead contract. December 15: Expiration Friday. December 22: The Friday before Christmas. December 29: the last trading day of 2023.

Every Friday in December has meaning. Every single one.

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.

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