TTG ETF Index Charts & Out of the Box Stocks to Start the Week
Out of the Box MarketWebs Screen
This Index note is provided every Monday morning to help determine Index support & resistance levels
US Dollar +0.2% / 30yr Bonds -0.4% / Crude -0.2% & Nat Gas -2.4% / Gold -1.0% / Copper -2.2% / BTC -1.3%
US Upcoming Economics & Bond Auctions
International Markets
Premarket Movers
US Premarket Movers: CoreCivic, Geo, MGM, Tesla, WNS Holdings
By Will Daley
(Bloomberg) -- S&P 500 Index futures are down 0.3% as of 7:26 a.m. in New York as US trading partners rushed to finalize trade deals with the Trump administration ahead of a July 9 tariff deadline.
Nasdaq 100 futures are down 0.4%
Dow Jones Industrial Average futures are little changed
The MSCI World Index is down 0.1%
Here are some of the biggest US movers today:
Magnificent Seven stocks:
Tesla (TSLA) is the biggest drag among Magnificent 7 stocks, falling 6%, as President Donald Trump slams Elon Musk’s bid to form a new political party.
Microsoft (MSFT) +0.1%, Amazon (AMZN) +0.09%, Meta Platforms (META) -0.3%, Apple (AAPL) -0.5%, Alphabet (GOOGL) -0.5%, Nvidia (NVDA) -0.7%
Apogee Therapeutics (APGE) gains 20% after saying the Phase 2 Apex part A trial of APG777 in patients with moderate-to-severe atopic dermatitis met all primary and key secondary endpoints.
Cogent Biosciences (COGT) rises 23% after announcing positive top-line results from the Summit trial of bezuclastinib in patients with non-advanced systemic mastocytosis.
Geo Group (GEO) gains 6% and CoreCivic (CXW) climbs 4% after the Senate and House of Representatives approved Donald Trump’s tax and spending bill that will add billions of dollars for immigrant detention centers.
MGM Resorts International (MGM) slips 1.8% after Goldman Sachs initiates coverage of with a recommendation of sell due to a volatile Las Vegas market.
Progressive Corp. (PGR) declines 1% after Morgan Stanley cut its recommendation on the insurance company to equal-weight as competition increases.
Shoals Technologies Group (SHLS) rises 4.7% after Jefferies upgraded its recommendation on the renewable energy equipment company to buy, saying President Donald Trump’s tax-and-spend legislation will spur short-term activity in solar.
WNS Holdings Ltd. (WNS) soars 14% after France’s Capgemini SE plans to acquire IT outsourcing company for $3.3 billion in cash.
READ MORE:
Before the Bell: Risk-Off as Trump Stokes BRICS Uncertainty
SPDR S&P 500 ETF Trust Most Cited in Stocktwits
US ANALYST RATINGS: Upgrades, Downgrades, Initiations
Before the Bell: Risk-Off as Trump Stokes BRICS Uncertainty
Below are the biggest movers in the US stocks, grouped in three sections by market capitalization:
OVER $20 BILLION
Circle Internet (CRCL US) +2.3%
Crypto, Startups and Banking Make a Scary Mix: Paul J. Davies
PSEG (PEG US) +1.2%
PEG, Korea Midland Power Bond Spreads vs Utilities Peers Widen
Dollar Tree (DLTR US) +1.1%
Rollins (ROL US) +1.0%
Autodesk (ADSK US) +0.9%
Autodesk Gains After DA Davidson Upgrades to Buy on Growth (1)
Smurfit WestRock (SW US) -2.6%
Credit Upgrades Top Cuts in Western Europe 30 to 19 in Week
Roblox (RBLX US) -2.6%
Roblox Rated New Buy at China Merchants; PT $126
Venture Global (VG US) -3.3%
Venture Global Rated New Buy at Mirae Asset Securities; PT $21
Stellantis (STLA US) -4.3%
Stellantis Falls as BofA Cuts on Fears of ‘Very Weak’ 1H (2)
Tesla (TSLA US) -6.8%
Tesla Falls as Musk Political Move Spurs Downgrade: Street Wrap
$5 BILLION TO $20 BILLION
Regencell (RGC US) +6.9%
Herbal Medicine Stock Regencell Jumps; Snaps 10 Days of Losses
Rocket Lab (RKLB US) +3.4%
Nova (NVMI US) +2.6%
ABN Amro Fund Buys More Nova, Cuts Intuit
Yum China (YUMC US) +2.3%
Tencent Led Hong Kong Share Buybacks in June
Kratos (KTOS US) +1.4%
DoD Budget Signals Surge in Demand for Hypersonic Weapons
Anbio Biotechnology (NNNN US) -2.7%
Warner Music (WMG US) -3.1%
Royal Gold (RGLD US) -3.9%
Royal Gold to Buy Sandstorm Gold at $3.5b Implied Value
Molina (MOH US) -5.7%
Molina Shares Slide on Weak Prelim. 2Q EPS, Forecast Cut (1)
Webull (BULL US) -7.7%
Webull Falls on $1 Billion Equity Purchase Deal With Yorkville
$50 MILLION TO $5 BILLION
Wolfspeed (WOLF US) +27.1%
Northern Dynasty Minerals (NAK US) +25.7%
Northern Dynasty Rises on Pebble Mine EPA Settlement Discussions
Currenc Group (CURR US) +23.1%
Apogee Therapeutics (APGE US) +18.0%
Apogee’s Apex Part A Trial of APG777 Met Primary Endpoint
WNS Holdings (WNS US) +14.3%
Capgemini to Buy WNS for $76.50/Shr in Cash
MingZhu Logistics (YGMZ US) -9.3%
Mingzhu Logistics to Buy Shenzhen Mingzhuchun Wine Co., LTD
NWTN (NWTN US) -9.4%
Cricut (CRCT US) -11.2%
Shoe Carnival (SCVL US) -11.2%
Enigmatig (EGG US) -18.7%
Index Updates
At TTG, I use Volume At Price in my chart analysis and I use the MarketWebs Indicator to provide Value Areas & VPOCs which indicate significant support & resistance levels. Learn More Here about Volume At Price and the MarketWebs.
SPY - Daily chart: Price ind. -0.2% to start the week and price is now in overbought territory with the RSI 75 and price moving decently above its 20d MA. So, no technical sell signal but the market is getting a bit stretched at this point.
1hr chart: Price starts the week ABOVE its new Value Area for week, support is $619.06.
QQQ- Daily chart: Price ind. -0.3% and also decently extended above its 20d MA and July Value Area. I am watching to see how price behaves around its 5d MA, and remains > 5d MA
1hr chart: Price starts the week ABOVE its new Value Area for week, support is $552.41 and a good level to watch this week
IWM - Daily Chart: Price ind. -0.4% and rallied through its ‘25 Value Area last week. Support is now $217.36 and upside VPOC is $224.7 which could act as resistance
1hr chart: Price also starts the week ABOVE its new Value Area for week, support $219.96 & as mentioned above watch $224.7 VPOC (blue lines)
Here is today’s TTG Proprietary Stock Screen “Out of the Box” using Volume At Price
names trending above their Value Areas (on 3 multiple timeframes & not super extended)
Keep reading with a 7-day free trial
Subscribe to The Tribeca Trade Group to keep reading this post and get 7 days of free access to the full post archives.