TTG Index Charts & Out of the Box Stock Screen 11/16/23 $ACN
Out of the Box MarketWebs Screen
US Dollar +0.1% / 30yr Bonds +0.5% / Crude -0.3% & Nat Gas +1.0% / Gold +0.2% / Copper+0.1% / Cryptos are higher BTC -1.4%
US Upcoming Economics
US Bond Yields
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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- S&P ETF - Daily chart: Price in digestion mode after a big run in November & perhaps the short term MAs (Moving Averages) need to catch up a bit to the recent price action before price action makes its next charge.
1hr chart: One observation to make here is how far price is above its 1hr Value Area... so far price holding range and I would keep an eye on those previous VPOC take outs (red lines) for possible check back / One bright spot this morning is Yields are lower, the 10yr is down 5 bps.
QQQ - NDX 100 ETF - Daily chart: Same deal as S&P, price a bit extended here in short term and short term MAs may need to catch up
1hr chart: Price above its extensions from the Value Area for the week
IWM- Russell Small Cap ETF- Daily Chart: Price ind -0.7% this morning so some downside follow thru after price was rejected at its 200d MA yesterday , support to watch $176.94 top of Nov Value Area
1hr chart: Price looks a bit like a Head & Shoulders top there in the short term , let's see if price reverts back to that VPOC take out @ $175.87
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)
Charts
ACN Weekly & Daily chart
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- suggested stop price $314 using the TTG MarketWebs
- watch for aa break out of this year’s range as price is back above its Value Area for ‘23 (1sst chart)
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