TTG Index Charts & Out of the Box Stock Screen 8/3/23
Out of the Box MarketWebs Screen
US Dollar +0.1% / 30yr Bonds -0.9% / Crude +0.1% & Nat Gas +0.9% / Copper -0.5% / Cryptos are slightly lower BTC -0.1%
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 continuation to the downside as equities cool. Price now below its 20d MA (Moving Average) and next support is the bottom of the August Value Area, 4488.75
1hr chart: Downside VPOC taken out and price still drifting lower as interest rates move higher
QQQ - NDX 100 ETF - Daily chart: Price on the verge of breaking its August Value Area, watch $374.63 and if that breaks, next area to watch below is the 50d MA and $363.95 VPOC
1hr chart: Price has fallen below its Value Area, watch $375.15 which is now resistance
IWM- Russell Small Cap ETF- Daily Chart: Price holding up a little better that the other indices as price is currently above its 20d MA, let's see if that holds today
1hr chart: Price right at the bottom of this week's Value Area and a good level to watch today is $194.64 and of that breaks than the lower VPOC at $192.64
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
1. ZB_F 30yr Bond futures Daily & Weekly chart
Prices continues to drift lower this morning (yields higher) and this is going to get interesting real soon as price is getting closer to that bottom of Value support on the weekly chart (2nd chart), watch 119’28 to see if that support holds. This is a must watch imo due to higher rates translate into headwinds for equities.
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