Morning Market Update with TBUZ TV

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

I’m going live at 10AM ET for Opening Playbook with Graham and Nate to break down the futures market + earnings plays. Join here: https://prosperitypub.com/openingplaybook
 




"Start where you are. Use what you have. Do what you can." - Arthur Ashe


Wednesday
     - 10am - Academy
     - 3pm - Flash Meeting
     - 8pm - Midweek Market Update

Thursday
      - 10:30am - Academy

Friday
     - 3pm - Weekly Wrap-Up

 

5 stocks that MTI by DTI identified.  Plus a tool you should not trade without.  Click here to watch the replay



Market Editorial - Chuck Crow

ES futures opened this week at 5820.00 and held support at 5813.50.  Tuesday’s high was 5941.75.  The Wednesday night open is 5940.75.  There are just 3 days left in the month of May.

HP Inc (HPQ)
HPQ opened this week at 28.44 and will be reporting earnings tomorrow after the bell.  The major resistance is still last week’s high at 29.48.  The level this stock begins to be attractive is above 30.00.  If HPQ moves above 30.00 we should be looking for additional resistance around 35.00.


Target Corporation (TGT)
TGT opened the week at 95.56 a full 1.20 below last week’s open, and still has not challenged the 103.00 resistance.  This may be one to put on the back burner, but be sure to start to pay attention if this stock moves above 100.00.
 

Cisco Systems Inc (CSCO)
CSCO rallied off of Friday’s low at 62.53 and opened this week at 63.76.  They moved up to a high of 63.99 and could be set to move back above 64.00 to challenge the May 15 high at 65.75. 

Super Micro Computers (SMCI)
SMCI opened the week at 41.40.  Jumping back above 41.00 gives this stock a little reprieve.  It remains to be seen if that level can be held,  Friday’s low at 39.11 was a big warning sign, but the stock remains above the 38.50 level.

The Broader Market
This short week after the holiday has the opportunity to be relatively meaningless.  We have already traded above the April high.  In addition the low of the 2nd quarter is already well below the low of the 1st quarter.  The only statement the market can make on the upper side is impatience and greed.  Those virtues seem negative, but they can still be traded.


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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