Don't Miss Today's Key Market Insights and Information
| | | | | | | | | | | | | Today’s TBUZ TV
I think there are some big opportunities for this market to push higher in the near term. Be sure to watch last night's recording from my TBUZ Weekly Planning Session. Click here to view it
“Start where you are. Use what you have. Do what you can.” – Arthur Ashe
 
Monday
- 10am - Academy (Learn More)
- 1pm - MTI with DTI (Learn More)
- 2pm - Futures First (Learn More)
- 7pm - Futures First (Learn More)
Tuesday
- 10am - Academy (Learn More)
- 10:45am - Connect the Dots
- 11:30am - Live Trading Session
- 3pm - Zebra
Wednesday
- 10am - Academy (Learn More)
- 3pm - Special
- 8pm - Midweek Market Update
Thursday
- 10:30am - Academy (Learn More)
- 11:30am - Live Trading Session
Friday
- 3pm - Weekly Wrap Up  Market Editorial - Chuck Crow
The Start of this Week
The Sunday night open is 5544.00. This week, all the major markets are open and trading. The US markets have started moving lower in overnight trading, but are still holding the substantial gains from last week. Resistance for this week in the ES is last week’s high at 5562.25. The biggest number though should be the open of April at 5644.25. At the end of the day on Wednesday we are done with the month of April. If we are trading above 5644.25, then this very negative month turns positive.
This Week’s Stocks
Earnings reports from Amazon, Apple, Chevron, and Exxon will all be early in the month of May. Three of the four are likely to provide trading opportunities.
Apple (AAPL) opened April at 219.81 and has major resistance at 212.94.
Chevron (CVX) opened April at 167.29, has second level resistance at 147.47 and primary resistance at 140.24.
Exxon (XOM) opened April at 119.22, and has major resistance at 110.83.
Last Week’s Stocks:
Regions Financial (RF)
Regions is still having trouble moving above the 21.14 upper resistance level, and has also dropped below the 20.31 lower resistance band.
Halliburton Co (HAL)
Halliburton is still sitting below the 23.42 resistance line. It closed last week at 20.85. The stock only rallied to 21.58 last week, and we are still waiting for it to move higher.
Past recommendations:
Dollar General (DG) I still like DG in terms of an investment, but the fact is they failed to break above 100.00. They then retraced back below our 85.08 entry to 84.00. It was a nice move higher, and then stock could make a secondary run. Keep an eye on the 100.00 level.
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.
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Today’s TBUZ TV I think there are some big opportunities for this market to push higher in the near term. Be sure to watch last night's recording from my TBUZ Weekly Planning Session. Click here to view it   “Start where you are. Use what you have. Do what you can.” – Arthur Ashe   Monday
- 10am - Academy (Learn More)
- 1pm - MTI with DTI (Learn More)
- 2pm - Futures First (Learn More)
- 7pm - Futures First (Learn More)
Tuesday
- 10am - Academy (Learn More)
- 10:45am - Connect the Dots
- 11:30am - Live Trading Session
- 3pm - Zebra
Wednesday
- 10am - Academy (Learn More)
- 3pm - Special
- 8pm - Midweek Market Update
Thursday
- 10:30am - Academy (Learn More)
- 11:30am - Live Trading Session
Friday
- 3pm - Weekly Wrap Up  Market Editorial - Chuck Crow
The Start of this Week
The Sunday night open is 5544.00. This week, all the major markets are open and trading. The US markets have started moving lower in overnight trading, but are still holding the substantial gains from last week. Resistance for this week in the ES is last week’s high at 5562.25. The biggest number though should be the open of April at 5644.25. At the end of the day on Wednesday we are done with the month of April. If we are trading above 5644.25, then this very negative month turns positive.
This Week’s Stocks
Earnings reports from Amazon, Apple, Chevron, and Exxon will all be early in the month of May. Three of the four are likely to provide trading opportunities.
Apple (AAPL) opened April at 219.81 and has major resistance at 212.94.
Chevron (CVX) opened April at 167.29, has second level resistance at 147.47 and primary resistance at 140.24.
Exxon (XOM) opened April at 119.22, and has major resistance at 110.83.
Last Week’s Stocks:
Regions Financial (RF)
Regions is still having trouble moving above the 21.14 upper resistance level, and has also dropped below the 20.31 lower resistance band.
Halliburton Co (HAL)
Halliburton is still sitting below the 23.42 resistance line. It closed last week at 20.85. The stock only rallied to 21.58 last week, and we are still waiting for it to move higher.
Past recommendations:
Dollar General (DG) I still like DG in terms of an investment, but the fact is they failed to break above 100.00. They then retraced back below our 85.08 entry to 84.00. It was a nice move higher, and then stock could make a secondary run. Keep an eye on the 100.00 level.
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.
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