TTG Index Charts & Out of the Box Stock Screen 11/21/23 $ISRG
Out of the Box MarketWebs Screen
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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: Nice move out of a 3d range yesterday and price rallied right up to a VPOC (red line) and some overhead supply , let's see how price handles this as normally there is a pause at a VPOC, watch $454.1
1hr chart: Price rallied up through its Value Area for the week, watch $451.38 support
QQQ - NDX 100 ETF - Daily chart: QQQs taking a little breather this morning, ind -0.3% after big gains yesterday, +1.2% pushing QQQ to new 52wk highs. Note NVDA reports post close which is 4.6% of the QQQ and could influence many stocks in the index. Note last upside VPOC is $397.55
1hr chart: Price above this week's Value Area, 1st support is $387.32 and note this week has a thin Value Area which makes price easier to pass through
IWM- Russell Small Cap ETF- Daily Chart: Price is currently above its Nov Value Area, support $177.09 and its 200d MA acting as resistance
1hr chart: Unlike the S&P and QQQ, IWM did not make it through its Value Area for the week and resistance is $179.65
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
ISRG Weekly & Daily chart
Intuitive Surgical, Inc. design, manufactures, and markets surgical systems. The Company offers endoscopes, endoscopic retractors and disectors, scissors, scalpels, forceps, needle holders, electrocautery, ultrasonic cutters, and accessories during surgical procedures. Intuitive Surgical operates worldwide. (Bloomberg)
- suggested stop price $294 using the TTG MarketWebs
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