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Monday
- 11am - 2pm - Train and Trade
- 7pm - Futures First Session
Tuesday
- 10am - Academy
- 10:45am - Connect the Dots
- 2:30pm - The One-Ticker Playbook
Wednesday
- 10am - Academy
- 8pm - Midweek Market Update
Thursday
- Holiday - Special Futures First
Friday
- 3pm - Weekly Wrap Up
 Market Editorial - Chuck Crow
The Start of this Week
The open of the week is 6001.00. The ES futures contracts have rolled from the June contract to the September contract. As of the open Sunday night, that roll acquires a premium of 52 points with the June contract open at 5949.00. Historical numbers are always based on the concept of lead at the time. Based on this concept the open of the year is still 5949.25 and the open of the month is still 5898.75. The high of June was set last week in the june contract, but is still 6074.75.
This Week’s Stock to look at.
Friday we are looking for an earning report from Kroger Corp (KR). KR has a dividend yield of 1.95%. The stock has been moving lower from a high on Apro; 22 at 73.63. They dropped to 69.25 on April 25, then climbed back to 73.47 on May 7. KR found some support on May 14 at 65.85 and bounced to a May 20 high at 70.32. On May 29 the stock dropped to 66.02 and bounced to 68.49 on June 2. It dropped to 64.15 on June 11, but rallied back to 66.04 on June 13. Based on that pattern, if KR can move above 66.10 then a challenge of 68.00 seems reasonable, and if earnings are strong enough, then that challenge could climb to 70.32 or even all the way back to 73.47.
Last Week’s Stocks
CSCO established a higher support number with the June 11 low of 63.87. The high of the year for CSCO is 66.50 from February 13. Last week’s high was 66.36 and Friday’s close was 64.19.
SMCI has found a trading range between 39.00 and 45.00. As long as the stock stays above 39.00 it keeps the possibility of a rally back to May 16 high at 47.80. (with last week’s close at 41.48 the same range applies as last week)
TGT rallied to 102.37 on June 10, but then dropped down to a low of 94.78 on June 13. If they trade below last week’s low it may be time to shelve this one.
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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