TTG Index Charts & Out of the Box Stock Screen 11/17/23 $GE $NUE
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: Not much change here today as the S&P has been trading a bit sideways the last couple days , and that makes sense to me after a big run in Nov so far with the SPY +7.7% mtd. This price digestion is also letting the MAs (Moving Averages) catch up a bit.
1hr chart: After a couple days of digestion, price is trying to resolve higher. Note today is monthly options expiration so may see some whippy price action today.
QQQ - NDX 100 ETF - Daily chart: QQQs finished green yesterday and similar to the S&P just seem to be digesting a lot of Nov gains and now trying to resolve higher. /
1hr chart: Price trying to resolve higher after some consolidation of gains the last two days, keep an eye on those Wed's highs.
IWM- Russell Small Cap ETF- Daily Chart: Unlike the S&P & QQQ, the Small Caps have been all over the place, yesterday heavily underperforming -1.6%, and this morning ind +1.2%. Note, price did get rejected at an overhead VPOC & its 200d MA, it will be interesting to see if price can stay above its Nov Value Area , watch $177.09
1hr chart: This will be an interesting test for Small Caps this morning to see if these premkt gains hold
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
GE Weekly & Daily chart
General Electric Company is a globally diversified technology and financial services company. The Company's products and services include aircraft engines, power generation, water processing, and household appliances to medical imaging, business and consumer financing, and industrial products. (Bloomberg)
-I am going off the scan here as GE did not make the list because it is way above its Value Area for ‘23, but I am impressed with the overall trend here and that is why i am mentioning it today as it just hit new highs
- suggested stop price $115 using the TTG MarketWebs
NUE Weekly & Daily chart
Nucor Corporation manufactures steel products. The Company's products include carbon and alloy steel, steel joints, steel deck, cold finished steel, steel grinding balls, steel bearing products, and metal building systems. Nucor also brokers ferrous and nonferrous metals, pig iron, HBI, and DRI, supplies ferro-alloys, processes ferrous, and nonferrous scrap. (Bloomberg)
- suggested stop price $154 using the TTG MarketWebs
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