| | | | | Today’s TBUZ TV
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“A diamond is a piece of coal that stuck to the job.” – Michael Larsen
 
Monday
- 10am - Academy
- 10am/12pm/2pm MTI Telegram Update
- 7pm - Futures First
Tuesday
- 10am - Academy
- 10am/12pm/2pm MTI Telegram Update
Wednesday
- 10am - Academy
- 3pm - Flash Meeting
- 8pm - Midweek Market Update
Thursday
- 10:30am - Academy
Friday
- 3pm - Weekly Wrap-Up
 Market Editorial - Chuck Crow The Start of this Week
The Sunday night open is 5705.00. This market will take its shape in comparison to the range from Friday, May 2. On Friday the ES futures traded to a high of 5724.75 and a low at 5601.00. Starting from April 21, on April 22 and every trade date after, the market has managed to make a high higher than the previous day's high. Failure to move above 5724.75 would break that trend. The market has been moving down in overnight trading, but the day has yet to begin.
This Week’s Stocks to look at.
Later this week we may add to this group, but tonight I want to pull one out from the past. On February 10 we looked at Super Micro Computers (SMCI). Our first look identified resistance at 40.00, which we later refined to 38.50. That same look identified an initial target at 48.00 with a possible topside run to 67.00. On February 19 SMCI rallied to 66.44. It pulled back from that point, allowing some profit taking along the way. SMCI dropped to 27.60 on April 7. Since then they rallied up to 37.39 on April 9 and 37.82 on April 28. By April 30 they were back down to 28.78. If this stock can move back above 38.50 we could get a little run. If that run continues past 44.00 then keep an eye out for that resistance at 48.00.
Last Week’s Stocks
AAPL rallied up to a high of 214.56 on Thursday, but dropped in the afternoon to close at 205.25. The expected resistance in this stock was at 212.94. So it broke resistance and then dropped. The new expected resistance for AAPL is now at 214.56, but it might be some time before they can recover.
CVX continued moving down on Wednesday to 134.14, but managed to not make a new low on Thursday. Thursday’s high was 137.95. CVX has stayed away, and even moved away from major resistance at 147.47.
XOM, like CVX moved lower on Wednesday, down to 104.15. Thursday’s low was at 104.27, and this stock has not been able to climb to resistance at 110.83.
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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