TTG Index Charts & Out of the Box Stock Screen 10/18/23 $TS
Out of the Box MarketWebs Screen
US Dollar -0.1% / 30yr Bonds +0.1% / Crude +1.8% & Nat Gas +0.9% / Copper +0.8% / Cryptos are lower BTC -0.6%
US Upcoming Economics
US Bond Yields
Index Updates
At TTG, I use Volume At Price in my chart analysis and I use the MarketWebs Indicator to provide Value Areas which indicate significant support & resistance levels. Learn More Here about Volume At Price and the MarketWebs.
$ES_F - S&P futures - Daily chart: Not much new here as SPY was 0.0% yesterday - so I'll repeat a bit here: price made is inside its Oct Value Area yesterday and just above its short term MAs (Moving Averages), now the question is can it hold it and progress higher.. for now, keep an eye on 4372.5 support and overhead 50d MA
1hr chart: Price remains inside its Value Area for the week after a 2nd test (and failure) at the top of value. Continue to watch 4413.25 resistance and support 4357 as the churn continues.
QQQ - NDX 100 ETF - Daily chart: Price lagging this morning -0.6% and remains below that downtrend line, but holding inside its Oct Value Area
1hr chart: Price inside its Value Area for the week, but leaning lower , watch $365.56 bottom of value which was tested yesterday & held
IWM- Russell Small Cap ETF- Daily Chart: Big outperformance yesterday, IWM +1.1% vs SPY 0.0%, and working off a bullish RSI divergence. Now, watch overhead bottom of Oct Value Area $178.09
1hr chart: Price remains inside its Value Area for the week , levels to watch below
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
TS Weekly & Daily chart
Tenaris S.A. manufactures seamless steel pipe products. The Company also provides pipe handling, stocking, and distribution services to the oil and gas, energy, and mechanical industries. Tenaris supplies welded steel pipes for gas pipelines worldwide. (Bloomberg)
-suggested stop price $32 using the TTG MarketWebs & upside target $37.62 VPOC (red line)
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