TTG Index Charts & Out of the Box Stock Screen 10/26/23
Out of the Box MarketWebs Screen
US Dollar +0.2% / 30yr Bonds -0.1% / Crude -3.0% & Nat Gas +0.6% / Copper +0.4% / Cryptos are lower, BTC -1.7%
US Upcoming Economics
US Bond Yields
TTG End of Day Video
Index Updates
At TTG, I use Volume At Price in my chart analysis and I use the MarketWebs Indicator to provide Value Areas which indicate significant support & resistance levels. Learn More Here about Volume At Price and the MarketWebs.
$ES_F - S&P futures - Daily chart: Price breaking down, breaking the range and breaking into the '23 Value Area on Weekly Chart. There is a ECB meeting coming up this morning along with a decent amount of economics and tomorrow another inflation report with PCE Deflator at 8:30am - any of this data could provide a bounce but it may just be that, a bounce as price is breaking down - what would get me more positive? A move back above the '23 Value Area on the Weekly Chart - watch 4257.75 yearly top of Value Area
Weekly Chart - break into the ‘23 value Area
1hr chart: Price is between a lower VPOC and bottom of this week's Value Area
QQQ - NDX 100 ETF - Daily chart: Price ind -1% and underperforming. Price has broken range and next support is 200d MA
1hr chart: Price trending lower but RSI is oversold @ 27 which indicates a small bounce may be coming
IWM- Russell Small Cap ETF- Daily Chart: Price bounced yesterday but is still below its 5d EMA. Note lower VPOC at $161.10
Weekly Chart - break below the ‘23 value Area , watch $165.67
1hr chart: Price continues to trend lower
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)
none on screen.. very rare to see no names breaking out on multiple timeframes…
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