TTG Index Charts & Out of the Box Stock Screen 10/31/23 $FAST
Out of the Box MarketWebs Screen
US Dollar -0.1% / 30yr Bonds +0.9% / Crude +0.7% & Nat Gas +1.5% / Gold +0.2% / Copper +0.1% / Cryptos are slightly higher, BTC +0.1%
US Upcoming Economics
US Bond Yields
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.
SPY - S&P ETF - Daily chart: Bond yields lower this morning helping equities a bit, SPY ind +0.3% Let's see if price can reclaim its short term 5d MA (Moving Average) today as a first step that short term trend is changing. In addition the VPOC (red line) takeout is providing support and remains an area to watch
1hr chart: Price continuing to travel through its Value Area so far this week as the bullish 80% rule is in effect - support $412.37 / resistance $422.82
QQQ - NDX 100 ETF - Daily chart: Price also trying to reclaim its 5d MA and will be something to watch today as that would be a positive development for price to begin to change its short term trend
1hr chart: Price inside its Value Area for the week , levels to watch below
IWM- Russell Small Cap ETF- Daily Chart: Price indicated +0.4% , and was close to taking out a lower VPOC last week, watch $161.1 on the downside
1hr chart: Nice level to watch here, $163.78 bottom of this week's Value Area - note, price tried twice to get into the Value Area & was rejected , let's see if it can do it today s a short
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
FAST Weekly & Daily chart
Fastenal Company sells industrial and construction supplies products. The Company offers fasteners, cutting tools, metal working, lifting, hardware, plumbing, lubricant, and other related products. Fastenal Company serves weld-to-length bandsaw blades, custom sling fabrication, inspection, custom packaging, calibration, tool repairing, and custom logo program worldwide. (Bloomberg)
-suggested stop price $56 using the TTG MarketWebs & upside target $60.9 VPOC (red line)
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