Morning Market Update with TBUZ TV

Don't Miss Today's Key Market Insights and Information
 
   
     
   
Today’s TBUZ TV

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 "Success isn't always about greatness. It's about consistency. Consistent hard work leads to success. Greatness will come." - Dwayne Johnson

Wednesday
     - 10am - Academy (Learn More)
     - 10:30am - Zebra and Daily Double

     - 11:15am - Live Trading Session and TNT
     - 12:15pm - MTI and Futures First
     - 1:30pm - RoadMap
     - 3pm - Market Wrap-Up
     - 8pm - Midweek Market Update

Thursday
     - 10:30am - Academy (Learn More)
     - 11:30am - Live Trading Session

Friday
     - 3pm - Weekly Wrap Up

I recently sat down with Nate Tucci and we shared the Tariff Breakout Watchlist.  Miss it?  Click here to watch the replay

Market Editorial - Chuck Crow

Highlights

Both Three Days to go, and one day to finish April.  The month of April opened at 5644.25.  This week opened at 5544.00.  The high this week is 5597.25, and the low on Tuesday was 5521.50.

1. Apple Inc (AAPL)

We have been looking at resistance in AAPL at 212.94.  The high of this week for AAPL is currently 212.24.  We are still waiting for AAPL earnings later this week.

2. Chevron Corp (CVX)

CVX has moved above the primary resistance at 140.24, by rallying to 140.46 on Monday, but they pulled back to 138.57 on Tuesday, and have not challenged the second level resistance at 147.47.

3. Exxon Mobil Corp (XOM)

We started this week, looking for resistance in XOM at 110.83.  XOM rallied up to 109.25 on Monday, and is still below the 110.83 resistance.

4. The Broader Market

The ES futures have spent both Monday and Tuesday pivoting around the weekly open at 5544.00.  Tuesday’s open was 5543.00.  The market did move higher and open Wednesday at 5579.50, but has already retraced in the overnight session.  This market will close out the month of April on Wednesday.  The closing price though may not be all that important.  When we compare April to March we know that the April low at 4830.00 is well below the March low at 5509.25.  We also know that the April high at 5773.25 is below the March high at 6000.50.  None of these numbers are likely to change.  Therefore the range of April may mean more to the market moving forward than whether or not April is positive.  On Thursday the market begins the month of May.  The real challenge for direction begins then.  If in May the ES futures can move above the April high at 5773.25 then we break the trend, and reset this market.  If on the other hand the market moves down below the 4830.00 low of April, then continue a downtrend, and start the possibility of challenging last year's low at 4702.00.

News for the Week






Probabilities for the Week




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