TTG Index Charts & Out of the Box Stock Screen 6/5/23 $IR $IBKR $CMC
Out of the Box MarketWebs Screen
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 - Weekly chart: I am showing the weekly chart here because this is a significant change here, price is now above its '23 Value Area for the 1st time and a key level to watch here is 4257.75
US Dollar +0.3% / 30yr Bonds -0.8% / Crude +2.5% & Nat Gas +2.7% Copper +0.2% / Cryptos are lower BTC -2%
1hr chart: Price starts week above its Value Area, support down at 4237.25
The Fed has now entered it’s quiet period ahead of the 6/14 meeting and Fed Fund Futures are implying only a 27% change they raise interest rates by another 25 bps. I thought this is significant to show for this week ahead that we have less distractions & a Fed that may be on hold for the June meeting.
QQQ - NDX - Daily chart: Price has been super strong here and remains overbought with a 76 RSI
QQQ 1hr: Price starts the week above its Value Area, support to watch $352.46
IWM- Russell Small Cap ETF- Daily Chart: Big move on Friday for the Small Caps and price breaks over its 200d MA & that is imo a good support area to watch
1hr chart: Price starts the week decently above its Value Area and lower -0.2% and burning off that short term overbought levels as the RSI got to a 90 on Friday
Here is today’s TTG Proprietary Stock Screen “Out of the Box” using Volume At Price
Remember, I am only showing a few setups from the list here and review more in the TTG Trading Room. I provide a more detailed watchlist every weekend to start the week at TTG.
Charts
IR Weekly & Daily chart
Ingersoll Rand Inc. manufactures flow control equipment. The Company offers vacuum systems, bottle blowers, pumps, and air and gas compressors. Ingersoll-Rand serves customers worldwid (Bloomberg)
-suggested stop price $59 using the TTG MarketWebs
-many Industrial Co’s are showing strength again… watch for new highs in IR
IBKR Weekly & Daily chart
Interactive Brokers Group, Inc. is an automated electronic broker. The Company specializes in executing and clearing trades in stocks, options, futures, foreign exchange instruments, bonds, mutual funds, and exchange-traded funds, as well as offers custody, prime brokerage, securities, and margin lending services. Interactive Brokers Group serves customers globally.
- suggested stop price $77 using the TTG MarketWebs
-price will have to break through upside VPOC but the overall charts are looking constructive here
CMC Weekly & Daily chart
Commercial Metals Company and its subsidiaries, manufactures, recycles, and markets steel and metal products and related materials. The Company trades primary and secondary metals, steel, ores, concentrates, industrial minerals, ferroalloys, chemicals, and other materials used in a variety of industries. (Bloomberg)
- suggested stop price $44 using the TTG MarketWebs
Remember, this is just one type of screen / setup that I focus on in my analysis!
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