TTG Index Charts & Out of the Box Stock Screen 9/18/23 $LPLA $WFRD
Out of the Box MarketWebs Screen
US Dollar flat/ 30yr Bonds -0.2% / Crude +0.5% & Nat Gas -0.1% / Copper -0.4% / Cryptos are decently higher BTC +3%
S&P options are implying a 42 bps move for today
Upcoming US Economics
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: Some more pressure on prices this morning after Friday's Triple Witching selloff. The VIX is +6.7% this morning which is an interesting move to start a seasonally weak week. Support on the Daily chart is 4467.65 bottom of the Sept Value Area.
1hr chart: Price starts the week below its new Value Area for the week and a small overnight bounce did not make it into the Value Area... resistance to watch is 4508.5
QQQ - NDX 100 ETF - Daily chart: Price got rejected at the top of Sept Value Area and resistance is $375.39. On watch today is if we get further downside follow through.
1hr chart: Price starts the week below its new Value Area for the week, resistance $372.76
IWM- Russell Small Cap ETF- Daily Chart: Price bounced (again) on its 200d MA and the trend remains sideways here
1hr chart: Slightly different look to the other indices as price starts the week inside its Value Area and is outperforming a touch (Russell futures are flat). Support to watch $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
LPLA Weekly & Daily chart
LPL Financial Holdings, Inc. offers technology, brokerage, and investment advisory services through business relationships with all types of financial advisors. The Company, through proprietary technology, custody, and clearing platforms, offers access to financial products and services that enable them to provide financial advice and brokerage services to retail investors. (Bloomberg)
-suggested stop price $235 using the TTG MarketWebs
WFRD Daily & 1hr chart
Weatherford International Public Limited Company provides oil field services and equipment. The Company offers drilling solutions, gas well unloading, restoration, and other related activities. Weatherford International serves customers worldwide. (Bloomberg)
-watch for a move above 1hr Value Area, $97.06 using the TTG MarketWebs
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