TTG Index Charts & Out of the Box Stock Screen 8/1/23 $ZB_F $TECK
Out of the Box MarketWebs Screen
US Dollar +0.5% / 30yr Bonds -0.4% / Crude -0.4% & Nat Gas -1.2% / Copper -0.8% / Cryptos are lower BTC -1.3%
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 August Value Area & price starts the month inside its Value Area, which is a bit of a different scenario instead of above its Value Area in price discovery... watch 4624.5 top of Value Area resistance
1hr chart: Price has moved back into its Value Area so a slight bearish development for the week, resistance 4609
QQQ - NDX 100 ETF - Daily chart: Similar to the S&P, price also back above all short term MAs (Moving Averages)
1hr chart: Price is right at the top of Value Area for the week, watch $382.04
IWM- Russell Small Cap ETF- Daily Chart: Price looks to open the new month, just inside the Value Area for August, resistance to watch $198.75
1hr chart: Price currently above value for the week, support $196.6
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
1. ZB_F 30yr Bonds Daily chart
The new month bringing higher Yields (and also a higher Dollar $DXY +0.5% this morning)
Here is $ZB_F 30yr Bond futures:
- price is opening the new month below its Value Area... could make for an interesting Aug. if price stays < its Value Area 124.17. To me, this is one of the risk for August is that Bond yield move aggressively higher.
2. TECK Weekly & Daily chart
Teck Resources Ltd. is an integrated natural resource group with activities in mining, smelting, and refining. The Company mines zinc, copper, molybdenum, gold, and metallurgical coal in the United States, Canada, Peru, and Chile. Teck also produces refined metals, specialized metal products, and other products.
-suggested stop price $43 the TTG MarketWebs
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