US Dollar +0.2% / 30yr Bonds -0.6% / Crude +1.3% & Nat Gas +0.2% / Gold -0.6% / Copper -0.5% / BTC +1.5%
US Upcoming Economics
US Bond Yields & Bond Auctions
30yr Bond Auction today
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.
ES_F - SPX Futures - Price ind. -0.2% this morning and not much change other than price continues to grind higher. We know that breadth continues to stink, but for now the positives or the "haves" are overcoming the "have nots". The "haves" being strong earnings reports from Tech, Industrial, and Health Care sectors and the "have nots" are Small Caps and company's that are not executing / who have a higher exposure to interest rates / higher debt.
For now, I continue to watch price which continues to be above its 5d MA (Moving Average) and for events (like a 30yr bond auction today) that could tip the scales for the "have nots"
1hr chart: Price is above this week's Value Area, support to watch remains 4959 the top of this week's Value Area
QQQ - NDX 100 ETF - Daily chart: Price ind. -0.2% and is now higher out of recent consolidation. Support to watch is $423.51 top of Feb Value Area
1hr chart: Price is above its Value Area for the week, support to watch is $428.28
IWM - Russell Small Cap ETF- Price ~ flat this morning and just inside its Feb Value Area, support to watch is $192.53 & also keep an eye on the 50d MA as price for now is riding that higher
1hr chart: Price just inside its Value Area for the week, watch support $192.83 & upside resistance is $197.32
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)
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