US Dollar +0.3% / 30yr Bonds -0.8% / Crude -0.5% & Nat Gas +0.8% / Copper -0.8% / Cryptos are lower BTC -1.8%
S&P options are implying a 58 bps move for today
Upcoming US Economics
US Bond Yields
- Yields higher (once again) across the curve
Last night’s TTG Market Recap Video
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: Prices under pressure as Bond Yields move higher (again). Price is now breaching its 200d MA and if that does not hold today, then next level down to watch is 4247.25 VPOC (red line), Resistance is up at 4369.75 bottom of Oct Value Area
1hr chart: Price starting to break its 1hr Value Area, watch 4308 bottom of Value Area and next downside level to watch is lower VPOC (red line) 4266
QQQ - NDX 100 ETF - Daily chart: Price breaking lower below its Value Area this morning (keep in mind price is not updated for premkt activity on this chart), resistance is $359.78 bottom of Oct Value Area
1hr chart: Price is breaking into its Value Area for the week, watch $359.93 top of value and support is down at $354.88
IWM- Russell Small Cap ETF- Daily Chart: Price broke below last week's lows and below that VPOC (red line) where price bounced last week.. not a good looking chart...
1hr chart: Price is trending lower below its Value Area for the week
Here is today’s TTG Proprietary Stock Screen “Out of the Box” using Volume At Price
no companies on today’s screen…
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