TTG Index Charts & Out of the Box Stock Screen 5/24/23
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: Price right back into the range for the month and back to the POC (Point of Control) & below the short term MAs, 5 and 20d MA which is a sign of short term weakness
US Dollar flat / 30yr Bonds +0.3% / Crude +1.5% & Nat Gas +0.4% Copper -1.5% / Cryptos lower, BTC -1.7%
1hr chart: the 80% bearish rule was triggered yesterday and bottom of value is 4120.5 support to watch
QQQ - NDX - Daily Chart: Price -0.4% downside follow thru and next downside area to watch is 20d MA
1hr chart: Price sank into the Value Area for the week yesterday is currently at its 200 period MA which may provide some short term support , but note the bearish 80% rule is in effect for the week
IWM- Russell Small Cap ETF- Daily Chart: Price was rejected yesterday at its 200d MA and top of May Value Area, continue to watch $179.1 top of value resistance
1hr chart: Price also fell into its Value Area for the week , watch $177.81 top of value resistance
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
AN Weekly & Daily chart
AutoNation, Inc. retails automobiles. The Company offers cars, trucks, pre-owned vehicles, auto parts, and accessories, as well as provides service contracts, auto financing, and repairing services. AutoNation serves customers in the United States. (Bloomberg)
-suggested stop price $135 using the TTG MarketWebs
Remember, this is just one type of screen / setup that I focus on in my analysis!
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