US Dollar -0.2% / 30yr Bonds -0.4% / Crude +0.9% & Nat Gas +1.2% / Gold -0.1% / Copper +0.1% / BTC +0.1%
US Upcoming Economics
US Bond Yields & Bond Auctions
10yr 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 remains above its 5d MA (Moving Average) indicating that the short term uptrend is intact.
Breadth, which is a big conversation these days was stronger yesterday. Will it continue to improve? I am keeping an eye on Bond Yields and today there is a 10yr Bond Auction at 1pm which may shed some light on whether there is demand for Bonds at these yield levels. Also, note there is a 30yr Bond Auction tomorrow.
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. +0.4% and is leaning higher out of recent consolidation. Support to watch is $423.51 top of Feb Value Area
1hr chart: Price is just above its Value Area for the week, support to watch is $428.28
IWM - Russell Small Cap ETF- Reversal so far in Small Caps in the overnight market (was down ~ -0.5% and now +0.2%). After taking out the downside VPOC (blue line) two days ago, price has bounced back inside its Feb Value area, support to watch is $192.53
1hr chart: Price now 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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