TTG Index Charts & Out of the Box Stock Screen 9/27/23
Out of the Box MarketWebs Screen
US Dollar +0.2% / 30yr Bonds +0.7% / Crude +1.9% & Nat Gas +3.2% / Copper +0.4% / Cryptos are higher BTC +2.3%
S&P options are implying a 67 bps move for today
Upcoming US Economics
US Bond Yields
- Yields softer on the long end of the curve this morning
NYSE McClellan Oscillator
- beginning to get into oversold territory
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 bouncing a tough this morning after yesterday's selloff. Price is now down to its 200d MA & is a logical place for a bounce. Let's see if this test of the 200d MA holds. If not, next level down to watch is 4247.75 VPOC (red line).
1hr chart: Price took out another 1hr VPOC yesterday and so far is holding above , watch 4308.
QQQ - NDX 100 ETF - Daily chart: Price broke through the Aug lows & remains below the Sept Value Area. No major support is nearby on Daily chart.
1hr chart: Price is below its Value Area for the week and next support level to watch is $322.56 VPOC (red line)
IWM- Russell Small Cap ETF- Daily Chart: Downside target realized with the lower VPOC @ $174,77 taken out. This is an area for a possible bounce / reversal higher.
1hr chart: Price remains below its Value Area for the week, resistance $176.56
Here is today’s TTG Proprietary Stock Screen “Out of the Box” using Volume At Price
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