| | | | | Today’s TBUZ TV
The big news today will focus on the FED meeting. We should have an announcement at 2pm ET with what they plan to do. Be sure to join me tonight for my Midweek Market Update where I'll be covering a new feature in the RoadMap that you don't want to trade without. Click here to register
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Wednesday
- 10am - Academy
- 3pm - Flash Meeting
- 8pm - Midweek Market Update (Register Here)
Thursday
- 10:30am - Academy
Friday
- 3pm - Weekly Wrap-Up
 Market Editorial - Chuck Crow
FOMC Day today. This market opened the week at 5705.00, and the month at 5617.50. The quarter opened at 5644.25. The market is very neutral heading into the announcement today.
1. Super Micro Computers (SMCI)SMCI is still holding below 38.50. Given the earnings disappointment from earlier today it is likely to remain below 38.50 for an extended period of time. Keep that number in mind though, as it has proven to have been an effective pivot level in the recent past, and could move with the same results if the fortunes of SMCI turn around.
2. APA Corporation (APA) APA is the holding company for Apache Corporation. They report earnings on May 7, 2025. APA’s 52 week range is 13.58 - 33.41. APA opened April 1 at 20.94, and they traded up to 21.30 by April 2. By April 9 APA had traded down to a quarterly low at 13.58. On that same day, the market rallied up to 16.92. That is the highest the market has been since a 16.99 high on April 4. If APA were able to get above 17.00 it could find a trading range between 17.67 and 19.78, or it could move up to the 20.94 April open.
3. The Broader Market After opening the week at 5705.00 and dropping down to 5605.00, the market bounced back. From a trending standpoint, the first mission is to survive. If this market can stay above the 5601.00 low from April 2, then we could see a rally up to last week’s high at 5724.75. The market spent a good bit of time pivoting around the open of the quarter at 5644.25. 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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