TTG Index Charts & Out of the Box Stock Screen 11/15/23 $RL
Out of the Box MarketWebs Screen
US Dollar +0.1% / 30yr Bonds -0.3% / Crude -0.4% & Nat Gas +2.3% / Gold +0.4% / Copper+0.8% / Cryptos are higher BTC +2.6%
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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: Big moves yesterday, and some continuation this morning SPY ind +0.4% ahead of Retail Sales and PPI. Will see if the PPI report confirms a tick down in inflation that CPI showed yesterday. Note, there was a VPOC (red line) take out as price hopped over that red line. That will be new support to watch $445 and next upside VPOC is $454.05. Always good to have levels to watch and I also would not be surprised if we some price digestion in the short run before the next upside VPOC is taken out.
1hr chart: Price continuing to trend higher after 1hr VPOC take outs.
QQQ - NDX 100 ETF - Daily chart: Price extending gains this morning, QQQ ind +0.7% ahead of economic data, and starting to test those July highs. If price can get through those previous highs the next upside VPOC is $397.55
1hr chart: Price continuing to trend higher
IWM- Russell Small Cap ETF- Daily Chart: Monster move by the Small Caps yesterday, IWM +5.5% on strong volume. Price is now through its Nov Value Area, support to watch is $176.94 and next upside area to watch is its 200d MA
1hr chart: Price trending above its Value Area for week & above last VPOC, next upside level to watch is $184.31 VPOC (red line) .
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
RL Weekly & Daily chart
Ralph Lauren Corporation is a global leader in the design, marketing, and distribution of premium lifestyle products, including apparel, footwear, accessories, home furnishings, fragrances and hospitality under such brands as Polo by Ralph Lauren, Chaps, RL Restaurant, Club Monaco, and RLX Ralph Lauren. The company sells directly to customers worldwide through its 550 retail stores and 720 concession-based shop-within-shops, as well as through its own digital commerce sites and those of various third-party digital partners. The company generates approximately 50% of revenue from the US. (Bloomberg)
- suggested stop price $115 using the TTG MarketWebs
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