Don't Miss Today's Key Market Insights and Information
| | | | | | | | | | | | | Today’s TBUZ TV
Lots of things going on today. Be sure to get involved!
"If you fell down yesterday, stand up today." ~ H. G. Wells
  Monday
> 10am ET - Academy
> 11:30am ET - TBD
> 2pm ET - Zebra
> 7pm ET - Futures Open House
Tuesday
> 9am ET - Early Connect the Dots
> 10am ET - Academy
> 3pm ET - TBD
Wednesday
> 10am ET - Academy
> 11:30am ET - Live Trading Session
> 8pm ET - Midweek Market Update
Thursday
> 10:30am ET - Academy
> 11:30am ET - Live Trading Session
> 3pm ET - TBD
Friday
> HOLIDAY
 Market Editorial - Chuck Crow
The Start of this Week
Sunday night open is 5452.50. The market last week traded to a lower low, and a lower high than the previous week, which is really not that much of a surprise. However, from open to close, last week moved higher. We are still waiting for the market to calm down just a little, and in the meantime we are looking for a break in trend. If this market can move above last week’s high at 5528.75 then we set the stage for the market challenging the open of April at 5644.25. If the market fails to make that new high, then all the support numbers that the market took out this month could be taken out again. The market needs two things, not just one. The first is calm, and then the second is a break in trend to start moving higher. Though, given this market's history, those two things are likely to come in reverse order.
New Stock:
Regions Financial (RF)
Regions Financial pays a quarterly dividend of 0.25 for a yield of 5.22%. RF is one of the many financial stocks that will be reporting earnings on Thursday. I’m still not entirely certain that this market is ready for investment potential. So we are going to look at RF based on two lines in the sand and not just one. The lower line is last week’s high at 20.31. That tells us that this stock, and perhaps the broader market as well, is shaking off the drop from the first few days of April, and is ready to turn a new leaf. The second line is 21.14, which was the low on March 31. IF RF can reconnect to that upper range, then it should be able to climb through to 22.86. That 22.86 level was the high on March 26, and the low on January 10. RF rallied from the Jan 10 low to 25.38 on January 16. 25.38 is the high of the current year in RF.
Past recommendations:
Dollar General (DG) I still like DG in terms of an investment, but the fact is they failed to break above 100.00. They then retraced back below our 85.08 entry to 84.00. It was a nice move higher, and then stock could make a secondary run. Keep an eye on the 100.00 level.
McCormick & Company (MKC) Broke above the high line, running to 83.15 on March 31. Like the broader market though, it started turning lower breaking support at 80.38 with a big tumble on April 4. MKC dropped all the way to 76.31 before the end of day on Friday.
Marvel Technologies (MRVL) was predicated on a market recovery that never materialized. This stock provided an exercise in how not to go numb while sitting on the sidelines. There is really nothing more to add.
NVIDIA Corp (NVDA) took a little spin by breaking a key support level from February 21 at 134.03. They dropped all the way to 124.44, but recovered a little on February 26, and started February 27, back above the 134.03 number at 135.00. That early push on February 27 had us stepping to the sidelines after a successful short move. The quick downtrend was actually broken on February 26 as the daily bar moved above the 130.20 high from February 25. A subsequent sell off on February 27 left me kicking myself on the sidelines, and I think it may be best to leave NVDA there for now.
In Walmart (WMT), the February 20 high was 100.12. This was after a bad showing following earnings the day before. WMT pushed down to 92.12 last week, but may be trying to recover. The original expected resistance was 105.30, the high from February 14. Walmart should be booking to peek back above 100.12, and if it gets a little help from the broader market, then we could see some upward momentum. The chaotic state of the broader market may suggest the need for a little caution.
Super Micro Computer (SMCI) is now off the table. It moved back below support levels which initially started as resistance. SMCI was able to break above 38.50 and push past 48.00 and then 57.00, but could not rise above the third level of resistance at 67.00. It then got caught up in last week’s mess. This one is sidelined, after performing well.
News for the Week
Probabilities for the Week
Follow along and join the conversation for real-time analysis, trade ideas, market insights and more!
Important Note: No one from the DTI Trader team or Tom Busby will ever contact you directly on Telegram.
*This is for informational and educational purposes only. There is inherent risk in trading, so trade at your own risk.
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Today’s TBUZ TV
Lots of things going on today. Be sure to get involved!
  "If you fell down yesterday, stand up today." ~ H. G. Wells   Monday
> 10am ET - Academy
> 11:30am ET - TBD
> 2pm ET - Zebra
> 7pm ET - Futures Open House
Tuesday
> 9am ET - Early Connect the Dots
> 10am ET - Academy
> 3pm ET - TBD
Wednesday
> 10am ET - Academy
> 11:30am ET - Live Trading Session
> 8pm ET - Midweek Market Update
Thursday
> 10:30am ET - Academy
> 11:30am ET - Live Trading Session
> 3pm ET - TBD
Friday
> HOLIDAY  Market Editorial - Chuck Crow The Start of this Week
Sunday night open is 5452.50. The market last week traded to a lower low, and a lower high than the previous week, which is really not that much of a surprise. However, from open to close, last week moved higher. We are still waiting for the market to calm down just a little, and in the meantime we are looking for a break in trend. If this market can move above last week’s high at 5528.75 then we set the stage for the market challenging the open of April at 5644.25. If the market fails to make that new high, then all the support numbers that the market took out this month could be taken out again. The market needs two things, not just one. The first is calm, and then the second is a break in trend to start moving higher. Though, given this market's history, those two things are likely to come in reverse order.
New Stock:
Regions Financial (RF)
Regions Financial pays a quarterly dividend of 0.25 for a yield of 5.22%. RF is one of the many financial stocks that will be reporting earnings on Thursday. I’m still not entirely certain that this market is ready for investment potential. So we are going to look at RF based on two lines in the sand and not just one. The lower line is last week’s high at 20.31. That tells us that this stock, and perhaps the broader market as well, is shaking off the drop from the first few days of April, and is ready to turn a new leaf. The second line is 21.14, which was the low on March 31. IF RF can reconnect to that upper range, then it should be able to climb through to 22.86. That 22.86 level was the high on March 26, and the low on January 10. RF rallied from the Jan 10 low to 25.38 on January 16. 25.38 is the high of the current year in RF.
Past recommendations:
Dollar General (DG) I still like DG in terms of an investment, but the fact is they failed to break above 100.00. They then retraced back below our 85.08 entry to 84.00. It was a nice move higher, and then stock could make a secondary run. Keep an eye on the 100.00 level.
McCormick & Company (MKC) Broke above the high line, running to 83.15 on March 31. Like the broader market though, it started turning lower breaking support at 80.38 with a big tumble on April 4. MKC dropped all the way to 76.31 before the end of day on Friday.
Marvel Technologies (MRVL) was predicated on a market recovery that never materialized. This stock provided an exercise in how not to go numb while sitting on the sidelines. There is really nothing more to add.
NVIDIA Corp (NVDA) took a little spin by breaking a key support level from February 21 at 134.03. They dropped all the way to 124.44, but recovered a little on February 26, and started February 27, back above the 134.03 number at 135.00. That early push on February 27 had us stepping to the sidelines after a successful short move. The quick downtrend was actually broken on February 26 as the daily bar moved above the 130.20 high from February 25. A subsequent sell off on February 27 left me kicking myself on the sidelines, and I think it may be best to leave NVDA there for now.
In Walmart (WMT), the February 20 high was 100.12. This was after a bad showing following earnings the day before. WMT pushed down to 92.12 last week, but may be trying to recover. The original expected resistance was 105.30, the high from February 14. Walmart should be booking to peek back above 100.12, and if it gets a little help from the broader market, then we could see some upward momentum. The chaotic state of the broader market may suggest the need for a little caution.
Super Micro Computer (SMCI) is now off the table. It moved back below support levels which initially started as resistance. SMCI was able to break above 38.50 and push past 48.00 and then 57.00, but could not rise above the third level of resistance at 67.00. It then got caught up in last week’s mess. This one is sidelined, after performing well.
News for the Week 
Probabilities for the Week
Follow along and join the conversation for real-time analysis, trade ideas, market insights and more!
Important Note: No one from the DTI Trader team or Tom Busby will ever contact you directly on Telegram.
*This is for informational and educational purposes only. There is inherent risk in trading, so trade at your own risk.
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