| | | | | Today’s TBUZ TV
We wrapped up a great session at our annual Sawgrass event this week. Everyone there plans on attending next year. I'll be talking about it tonight, so be sure to be there and grab one of the few remaining spots at a discount. Tonight's link will be https://dtitrader.com/live
"Chicken, Fish, or Steak... Make a decision and stick to it." ~ Tom Busby
  Wednesday
- 3pm Open Flash
- 8pm Midweek Market Update
Thursday
- 10:30am Academy Open House
Friday
- 3pm Weekly Wrap Up  Market Editorial - Chuck Crow
ES futures opened this week at 5898.75 and have traded up to 5991.25. The positive news is they are currently above the open of the year at 5949.25, and the negative side is they are still below last week’s high at 6008.00.
Campbell’s Soup (CPB)
CPB opened the week at 34.85 and moved up to 35.00. The company had less than stellar guidance for the next quarter and dropped down to a low on Tuesday at 33.44. They did rally back to close Tuesday at 34.28 which puts the stock back above last week’s close at 34.04.
HP Inc. (HPQ)
HPQ rallied back to a high on Tuesday at 25.48, and last traded at 25.38. They are still well below the expected resistance at 30.00.
Target Corporation (TGT)
TGT opened the week at 93.41 but rallied to 96.43 on Tuesday. They are still below the 103.00 resistance, and we are still keeping an eye on 100.
Cisco Systems Inc (CSCO)
CSCO opened the week at 62.73 and rallied to a high on Tuesday at 64.50. That is the highest CSCO has been since the May 15 high at 65.75.
Super Micro Computers (SMCI)
SMCI traded to a low on Friday at 39.05, and then opened this week at 39.65. They quickly moved back above the 41.00 area to a high on Tuesday at 43.90. That puts the stock just below last week’s high at 43.97.
The Broader Market
ES Futures are moving back towards last week’s high at 6008.00. The 6000.00 level could be strong natural resistance, but the May high at 6008.00 should be a magnet to pull the market higher. Meanwhile 5949.25, the open of the year, should act as a level of support for the market. That tight range puts the market at a heightened sense of readiness moving forward.
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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