TTG Index Charts & Out of the Box Stock Screen 9/19/23 $STNG
Out of the Box MarketWebs Screen
US Dollar -0.3% / 30yr Bonds -0.1% / Crude +0.7% & Nat Gas +0.4% / Copper -1.1% / Cryptos are higher BTC +1.6%
S&P options are implying a 44 bps move for today
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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 which indicate significant support & resistance levels. Learn More Here about Volume At Price and the MarketWebs.
$ES_F - S&P futures - Daily chart: Not much movement since Friday and price remains below the short term MAs (Moving Averages), in a position of weakness. Price is still inside its Sept Value Area and support is 4467.75
1hr chart: Price is below its Value Area for the week and resistance is 4508.5, note price failed to get into the Value Area yesterday,
QQQ - NDX 100 ETF - Daily chart: rice inside its Value Area and below its short term MAs (Moving Averages) and the bearish 80% rule is in effect (looking for a move through the Value Area, down to $362.77)
1hr chart: Price is below its Value Area, resistance $373.01
IWM- Russell Small Cap ETF- Daily Chart: Price continues to underperform in Small and Micro Caps and now price is testing support $181.96 and closed below its 200d MA yesterday.
1hr chart: Price is below its Value Area for the week, resistance is $183.49
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
STNG Weekly & Daily chart
Scorpio Tankers Inc. operates as a shipping company. The Company provides seaborne transportation of crude oil and other petroleum products. Scorpio Tankers serves customers worldwide. (Bloomberg)
-suggested stop price $52 using the TTG MarketWebs & short term price level to target $55.37 VPOC (red line)
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