TTG Index Charts & Out of the Box Stock Screen 12/19/23 $AMZN
Out of the Box MarketWebs Screen
US Dollar -0.2% / 30yr Bonds +0.6% / Crude -0.3% & Nat Gas -1.5% / Gold +0.2% / Copper +0.9% / Cryptos are higher BTC +2.8%
US Upcoming Economics
US Bond Yields
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: Price continuing to grind higher and maintaining above all short term MAs (Moving Averages). Note the RSI is 75, well into overbought territory
1hr chart: Price now above its Value Area for the week, what was resistance i snow support, $471.72. Also, watch last week's highs
QQQ - NDX 100 ETF - Daily chart: Similar to the S&P, price grinding higher above its 5d MA and in overbought territory with an RSI 77
1hr chart: Price now above its Value Area for the week, support to watch $406.52
IWM- Russell Small Cap ETF- Daily Chart: Price leading this morning in the Small Caps, ind +0.9% and trying to move out of a little consolidation, support can now be the VPOC @ $195.91
1hr chart: Price now above its Value Area for the week, support is $197.77
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
AMZN Weekly, Daily chart
Amazon.com, Inc. is an online retailer that offers a wide range of products. The Company products include books, music, computers, electronics, and numerous other products. Amazon offers personalized shopping services, Web-based credit card payment, and direct shipping to customers. Amazon also operates a cloud platform offering services globally. (Bloomberg)
- Using the TTG MarketWebs, stop price $147
- Watch to see if price can maintain over that VPOC (red line) on Daily chart & then can target $166.85, Weekly chart VPOC.
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