| | | | | Today’s TBUZ TV
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“Perfection is not attainable, but if we chase perfection, we can catch excellence.” — Vince Lombardi
 
Monday
- 10am - Academy
- 10:30am - Weekly Newsletter
- 3pm - Daily Wrap-Up
- 7pm - Futures First
Tuesday
- 10am - Academy
- 11am - 2pm - Connect the Dots, Live Trading, Genesis, TNT
Wednesday
- 10am - Academy
- 3pm - Daily Wrap-Up
- 8pm - Midweek Market Update
Thursday
- 8:30am - Sunrise Signal
- 10:30am - Academy
Friday
- 8:30am - Sunrise Signal
- 3pm - Weekly Wrap-Up  Market Editorial - Chuck Crow
The Start of this Week
This is now the fourth straight week in which the market has started higher than it began the previous week. This week’s open at 5930.25 is slightly below the open of the year at 5949.25. In the image to the right you see an image similar to last week’s. The straight line is the April high at 5773.00. The slanted line follows the trend line from last week and extends beyond the 5773.00 area. Unfortunately that line suggests that the market may see some sort of pullback very soon. The ratings downgrade from Moody’s may be an excuse, but it is more likely the market simply needs a rest before the next big move.
This Week’s Stock to look at.
On Wednesday we have an earnings report from Target Corporation. TGT is one of the few stocks that have not traded above the April high as of yet. That high is the topline in the chart and rest at 107.08. The lower line in our chart is the current high of May at 103.00. On Friday TGT had a high of 99.14, and closed the day at 97.58. TGT opened the year at 135.75, and has vastly underperformed the broader market. If they decide to play catch up, this stock could be a solid mover. Above 107.08 the logical resistance would be 110.00. Beyond that look for TGT to track down the March open at 125.27.
Last Week’s Stocks
CSCO moved above the April high on Tuesday by reaching 62.24. They did pull back to 60.84 on Wednesday, but then on Thursday climbed to 65.75. Friday’s low was 62.98. If you are holding a position here, then that April high at 62.04 is your major support with Wednesday’s low at 60.84 being the all bets off number. CSCO pays a dividend that is a little over 2.5%.
SMCI benefitted from an analyst upgrade and below past both 34.15 and then
38.50. In fact, Friday's high was 47.80. This stock does not pay a dividend, and if they move back below the 41.00 analyst target then consider letting this go, and definitely do not let it move back below 38.50.
APA rallied to a high of 18.73 on Tuesday of last week. They moved back down to a low on Friday at 17.30. As long as this stock remains above 17.00 it could still be a solid pick. APA still pays a sizable dividend.
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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