| | | | | Today’s TBUZ TV
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“Develop success from failures. Discouragement and failure are two of the surest stepping stones to success.” —Dale Carnegie
 
Monday
- 3pm - Wrap-Up
- 7pm - Futures First
Tuesday
- 10:45am - Connect the Dots
- 11:30am - Live Trading Wednesday
- 3pm - Wrap-Up
- 8pm - Midweek Market Update
Thursday
- 10:30am - Academy
Friday
- 3pm - Weekly Wrap-Up  Market Editorial - Chuck Crow The Start of this Week
For the third straight week the ES futures have opened higher than the open of the previous week. This week’s open of 5761.00 brings the market closer to the high of April at 5773.25. The market has stretched in the overnight, but is still a little shy of that April high. If the market moves past that April high, then the focus of the market moves to the backside of the upward move. Daily lows from the ES futures have been climbing since the May 7 low at 5596.00. On May 8, the low was 5636.50, and on May 9 it was 5662.50. As long as those numbers keep climbing we will continue to follow the trend.
 This Week’s Stocks to look at.
On Wednesday we have an earnings report from Cisco Systems Inc (CSCO). CSCO moved down with the rest of the market in early April to a low of 52.11. That low was down from the April open at 61.38. The high of April was 62.04. On Friday CSCO rallied to 60.83, and could be ready to challenge the April high around the same time the ES futures challenge their April high.
Last Week’s Stocks
SMCI is firmly established below 38.50, and with a close on Friday at 31.82, the stock is also well below 34.15.
APA rallied to a high on Friday at 16.99 and closed at 16.72. We have been waiting to see if this stock could get above resistance at 16.99 from April 4. Friday’s close call makes this an eventuality worth watching even into this next week.
News for the Week
Probabilities for the Week
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*This is for informational and educational purposes only. There is inherent risk in trading, so trade at your own risk.
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