DTI Daily Rundown - May 31

On TBUZ TV Today: 4200.00 Pivot. 4255.00 Resistance 4170.00 Support Opens: 2023 3895.00; 2nd Quarter 4127.00; May 4190.00. Last night Bonus Video: https://vimeo.com/831706593/944927d1f4 9:15am ET 80/20 Flash Meeting.

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Market Review:

Last day of May May opened the month at 4190.00. As the market looks to close out the month of May there are two objectives. The first is to settle whether May is positive or negative for the month. This one is easy. Which side of 4190.00 does the market close? Any closing price above 4190.00 shows a positive month. Any closing price below 4190.00 shows a negative month. The second objective is to set up the month of June. A rally today could set the first day of June, or even the 2nd of June on Friday, to be ready for new highs. Moving above the high of May 4243.25, before the end of the week would be the type of power move, we have seen from the bulls many times this year. This would be an early indication of the bulls marching on. However, most of the times that we have seen that early strength from the market, it has been followed by weakness.

Over 70% of stocks track with the S&P 500 Futures

Major Events: June 1 ADP Employment June 1 ISM Manufacturing PMI June 2 Employment Reports June 5 ISM Services PMI June 13 CPI Key Numbers Opens: Above or Below 4239.75 is the open of the Week 4213.00 is the open 4190.00 is the open of the Month 4127.00 is the open of the 2nd Quarter 3895.00 is the open of 2023

What's Hot and Not! Gold and Silver Using the Euro to have an insight into Gold. If you missed last night's video with Tom and Geof, take the time to view it now. https://vimeo.com/831706593/944927d1f4 Based on the Euro, it looks like Gold and Silver could push a little higher. Pay attention to the indicators though and watch the video. Things can change in the market.

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