TTG Index Charts & Out of the Box Stock Screen 12/20/23 $NTAP
Out of the Box MarketWebs Screen
US Dollar +0.2% / 30yr Bonds +0.4% / Crude +1.0% & Nat Gas +0.4% / Gold -0.2% / Copper +0.1% / Cryptos are higher BTC +2.3%
US Upcoming Economics
US Bond Yields & Auctions
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: Not much new to cover this morning - price continues to grind higher and remains above the 5d MA (Moving Average) with the RSI deep into overbought territory at 77. Note FDX is -11% and is bringing weakness to this space with UPS also -3% so that may provide some weakness. Also, there is a 20yr Bond Auction at 1pm.
1hr chart: Price coming back down to the top of this week's Value Area , level to watch here is $473.52
QQQ - NDX 100 ETF - Daily chart: The grind continues here... price remains above its 5d MA and trending high with the RSI overbought at 79. Note, there is a slight dip this morning with QQQ ind -0.3%
1hr chart: Price coming back towards the top of this week's Value Area, level to watch is $406.33
IWM- Russell Small Cap ETF- Daily Chart: After a couple days of consolidation, price rallied yesterday & outperformed and continues to trend higher.
1hr chart: Price above its Value Area for the week, support $197.72
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
NTAP Weekly, Daily chart
NetApp, Inc. provides storage and data management solutions. The Company's storage solutions include specialized hardware, software, and services that provide storage management for open network environments. NetApp serves enterprises, government agencies, and universities worldwide.(Bloomberg)
- Using the TTG MarketWebs, stop price $85.5
- Strong earnings names, after a couple weeks of consolidation, price trying to resolve higher
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