TTG Index Charts & Out of the Box Stock Screen 11/29/23 $ASO
Out of the Box MarketWebs Screen
US Dollar +0.1% / 30yr Bonds +0.4% / Crude +1.6% & Nat Gas -0.5% / Gold +0.1% / Copper+0.3% / Cryptos are slightly lower BTC -0.2%
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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 ind +0.5% pre market and that means price is starting to get away from that last VPOC (red line) take out, which is a bullish development.
1hr chart: Price now moving out of that tight Value Area , level to watch here is $455.61
QQQ - NDX 100 ETF - Daily chart: Price ind +0.6% and that will also take the QQQs out of recent consolidation, upside VPOC to watch / target $397.51
1hr chart: Price breaking through its Value Area for the week, a #bullish development
IWM- Russell Small Cap ETF- Daily Chart: Small Caps leading pre market gains, ind +1.1% and will be moving out of that consolidation just above its Nov Value Area. Note, overhead 200d MA on watch to see if price can get above.
1hr chart: And another break of the 1hr Value Area, what was resistance is now support, watch $179.4
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
ASO Weekly & Daily chart
Academy Sports and Outdoors, Inc. retails sports products. The Company offers sports apparel and footwear, marine products, fitness, golf, hunting, fishing, boating, team sports, recreation, and leisure equipment. Academy Sports and Outdoors serves customers in the United States. (Bloomberg)
- suggested stop price using the TTG MarketWebs $45
- Note ASO reports tomorrow
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