TTG Index Charts & Out of the Box Stock Screen 8/22/23 $CSCO $TW
Out of the Box MarketWebs Screen
US Dollar flat / 30yr Bonds +0.4%/ Crude -0.6% & Nat Gas -2.8% / Copper +1.5% / Cryptos are slightly lower BTC -0.1%
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: The bounce continues this morning and price is now over its 5d MA (Moving Average), which I mentioned yesterday would be the next step in a bounce, to see if price can reverse the short term trend lower. Even though yesterday's rally was not on strong breadth, it is perhaps a start... will see if price can hold and build gains today. Note, Bond Yields (see below) are also lower this morning which is a good thing.
1hr chart: Price is making its way through its Value Area for the week and the bullish 80% is in effect (as discussed yesterday), the top of the Value Area is 4490.5
US Bond Yields
QQQ - NDX 100 ETF - Daily chart: Similar to the S&P, upside price continuation this morning , ind +0.8% and price is back above its 5d MA..
1hr chart: Price making its way through its Value Area for the week, the bullish 80% rule in effect, resistance $371.26
IWM- Russell Small Cap ETF- Daily Chart: Price lagged the other major indices yesterday and actually finished down on the day -0.15%. This morning bouncing, ind +0.6%
1hr chart: Price is inside its Value Area for the week, support $184.36
Here is today’s TTG Proprietary Stock Screen “Out of the Box” using Volume At Price
Remember, I am only showing a few setups from the list here and review more in the TTG Trading Room. I provide a more detailed watchlist every weekend to start the week at TTG.
Charts
CSCO Weekly & Daily chart
Cisco Systems, Inc. provides information technology and networking services. The Company offers enterprise network security, software development, data collaboration, cloud computing, and other related services. Cisco Systems serves customers in the United States. (Bloomberg)
-suggested stop price $50 using the TTG MarketWebs and I check back to top of value (weekly or daily chart) could be an area to add to trade
TW Weekly & Daily chart
Tradeweb Markets Inc. builds and operates electronic marketplaces for rates, credit, equities/ETFs and money markets. The company serves institutional, wholesale and retail clients in 62 countries including large global asset managers, insurance companies, central banks, financial advisory firms, proprietary trading firms, hedge funds, banks and dealers.(Bloomberg)
-suggested stop price $50 using the TTG MarketWebs
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