TTG Index Charts & Out of the Box Stock Screen 10/17/23 $GL $BIIB
Out of the Box MarketWebs Screen
US Dollar -0.1% / 30yr Bonds -0.6% / Crude +0.2% & Nat Gas +0.1% / Copper -1.0% / Cryptos are ~ flat
US Upcoming Economics
US Bond Yields
TTG End of Day Video 9/16/23
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 made it back into the Oct Value Area yesterday and back above its short term MAs (Moving Averages), now the question is can it hold it and progress higher.. for now, keep an eye on 4372.5 support and overhead 50d MA
1hr chart: Price remains inside its Value Area for the week. Yesterday, price tested Top of Value resistance at 4413.25 and was not able to progress further. Keep an eye on this short term resistance level, 4413.25
QQQ - NDX 100 ETF - Daily chart: Inside day yesterday and price is a softer this morning. Remember, an inside day is not showing any change in direction / trend from the previous day (Friday). Let's see if price can either get above Friday's high / low for direction
1hr chart: Price is inside its Value Area for week, support 365.56 & resistance $372.06 and the short term trend remains sideways.
IWM- Russell Small Cap ETF- Daily Chart: Price held & bounced on previous lows from earlier in the month and actually outperformed yesterday. Let's see if this is the making of a double bottom
1hr chart: Have a nice level to watch today --> $172.02 bottom of this week's Value Area (support)
Here is today’s TTG Proprietary Stock Screen “Out of the Box” using Volume At Price
a very low number of names trending above their Value Areas (on 3 multiple timeframes)
Charts
GL Weekly & Daily chart
Globe Life Inc. operates as an insurance company. The Company offers term, whole, and children's life insurance, as well as accidental benefits, mortgage protection, and medicare supplement plans. Globe Life operates in the State of Texas. (Bloomberg)
-suggested stop price $112 using the TTG MarketWebs
BIIB Weekly & Daily chart
Biogen Inc. develops, manufactures, and commercializes therapies, focusing on neurology, oncology, and immunology. The Company products address diseases such as multiple sclerosis, non-hodgkin's lymphoma, rheumatoid arthritis, crohn's disease, and psoriasis. (Bloomberg)
-suggested stop price $261 using the TTG MarketWebs
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