TTG Index Charts & Out of the Box Stock Screen 6/1/23 $SMAR $TAP
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: New Value Areas today for the month of June (remember, this is based on all the activity from May), and price starts the month essentially right at the top of value, watch 4194 - if price manages to stay above, it is breaking out for the month, if below --> back into a range market
US Dollar -0.1% / 30yr Bonds +0.2% / Crude +0.1% & Nat Gas -1.1% Copper +1.7% / Cryptos are lower BTC -0.5%
1hr chart: Price remains inside its Value Area for the week, resistance is 4203
$NQ_F - NDX futures - Daily chart: Price starts the month decently above the June Value Area, support down at 13,873.75 (QQQ $337)
QQQ 1hr: Price is above its Value Area for week , but below trendline i have added so this is telling me to be a bit more defensive until price takes back that trendline
IWM- Russell Small Cap ETF- Daily Chart: Price is very close to the bottom of June Value Area, watch $172.3 support
1hr chart: Price remains inside its Value Area for the week, watch $173.4 support
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
SMAR Weekly & Daily chart
Smartsheet Inc. designs and develops software solutions. The Company offers cloud-based platform for work execution and management which enables teams and organizations to plan, capture, manage, automate, and improve business outcomes. Smartsheet serves customers in the United States.(Bloomberg)
-suggested stop price $47 using the TTG MarketWebs
TAP Weekly & Daily chart
Molson Coors Beverage Company operates as a beverage company. The Company brews and produces beer. Molson Coors Brewing serves customers worldwide.
- suggested stop price $58 using the TTG MarketWebs
-short term PT $67
Remember, this is just one type of screen / setup that I focus on in my analysis!
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