TTG Index Charts & Out of the Box Stock Screen 12/26/23 $MRK
Out of the Box MarketWebs Screen
US Dollar flat / 30yr Bonds +0.1% / Crude +1.5% & Nat Gas -5.4% / Gold +0.2% / Copper +0.5% / BTC -2.3%
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 & VPOCs which indicate significant support & resistance levels. Learn More Here about Volume At Price and the MarketWebs.
SPY- S&P ETF - Daily chart: Price quiet after the holiday and remains above its 5d MA (Moving Average) & starting to consolidate a bit - this is quite normal after the run we have seen. Let's see of price can stay up that short term 5d MA
1hr chart: Price starts the week right at the top of its new Value Area for the week, watch $474.33
QQQ - NDX 100 ETF - Daily chart: Price also quiet this morning, ind +0.1% and remains above its 5d MA and consolidating around R1 (extension from Dec Value Area)
1hr chart: Price is inside its new Value Area for the week, watch $409.68 top of Value for upside continuation
IWM- Russell Small Cap ETF- Daily Chart: Price outperforming a touch this morning, ind +0.3% and also is above its short term 5d MA
1hr chart: Once again the Small Caps look a little different than S&P and NDX with price starting the week above its new Value Area for the week , support $200.55
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
MRK Weekly, Daily chart
Merck & Co., Inc. is a global health care company that delivers health solutions through its prescription medicines, vaccines, biologic therapies, animal health, and consumer care products, which it markets directly and through its joint ventures. The Company has operations in pharmaceutical, animal health, and consumer care.(Bloomberg)
- Using the TTG MarketWebs, stop price $106 / upside VPOC target $114.25
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