TTG Index Charts & Out of the Box Stock Screen 5/22/23 $ETN $HMC $V
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 - Daily chart: Price is quiet to start the week after a tiny pull back on Friday, price remains above value for month and above 5d EMA. Support is 4173.5 top of May Value Area
US Dollar -0.1% / 30yr Bonds -0.1% / Crude +0.1% & Nat Gas -0.9% Copper +1.6% / Cryptos are ~ flat this morning
1hr chart: Price starts the week above its Value Area, watch 4183.5 support
QQQ - NDX - Daily Chart: Price flat this morning and next area of resistance is the upside VPOC at $341.09, note price is a bit extended with the RSI 71 indicating short term overbought
1hr chart: Nice easy support level to watch $336.23 as price starts the week just above its new Value Area for the week
IWM- Russell Small Cap ETF- Daily Chart: Small Caps with the early bid +0.5% once again.. can it hold throughout the day? Resistance to watch is $179.1 / support $174.32
1hr chart: Price starts the week inside its Value Area , note last week's VPOC take out (red line) capped the price & it will be interesting to see if price can get above that overhead supply
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
ETN Weekly & Daily chart
Eaton Corporation PLC manufactures engineered products for the industrial, vehicle, construction, commercial, and aerospace markets. The Company offers hydraulic products and fluid connectors, electrical power distribution and control equipment, truck drivetrain systems, engine components, and a wide variety of controls. Eaton conducts business worldwide. (Bloomberg)
-suggested stop price $170 from the TTG MarketWebs
HMC Weekly and Daily chart
Honda Motor Co., Ltd. develops, manufactures, and distributes motorcycles, automobiles, and power products such as generators and farm machinery. The Company also operates a financial credit business. Honda Motor has manufacturing facilities in the US, Canada, the UK, France, Italy, Spain, Brazil, Mexico, India, and Thailand. (Bloomberg)
-suggested stop price $27 from the TTG MarketWebs
V Weekly and Daily chart
Visa Inc. operates a retail electronic payments network and manages global financial services. The Company also offers global commerce through the transfer of value and information among financial institutions, merchants, consumers, businesses, and government entities. (Bloomberg)
-Visa not on the scan yet because it has not broken its Daily Value Area, but i think worth watching here for a break of $234.2
-suggested stop price $227 from the TTG MarketWebs
Remember, this is just one type of screen / setup that I focus on in my analysis!
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