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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: Some price digestion yesterday and quiet this morning ahead of the monthly CPI report. Price remains above the Nov Value Area, support to watch $435.67 & upside VPOC $444.96 (red line) is next upside level to watch
1hr chart: Price is above this week's Value Area and between top of Value and upside VPOC $443.64
QQQ - NDX 100 ETF - Daily chart: Inside day yesterday for QQQ and many individual names i.e. AAPL ADBE AVGO AMZN etc which essentially means no change in trend.
1hr chart: Price remains above its Value Area for the week, support $374.26
IWM- Russell Small Cap ETF- Daily Chart: Price is currently inside its Nov Value Area, support to watch here is $167.74
1hr chart: Bullish 80% rule in effect as price climbed into its Value Area for the week with the upside move up to $172.41 , note the 80% rule cancels out if price falls below $168.32
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
HRB Weekly & Daily chart
H&R Block is one of the largest providers of tax return preparation solutions and electronic filing services in the US, Canada, and Australia with 23.4 million returns filed by or through H&R Block in fiscal year 2023 via more than 12,000 offices and its virtual tax preparation services, mobile applications, and online and desktop DIY solutions. The company offers customers the options of filing taxes online or in person and doing their own taxes or having them done by an H&R Block professional. Through Block Advisors and Wave, the company helps small business owners with an online solution to manage their finances, including payment processing, payroll, and bookkeeping services. H&R was founded in 1955 by brothers Henry and Richard Bloch. (Bloomberg)
- suggested stop price $43 using the TTG MarketWebs
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