TTG Index Charts & Out of the Box Stock Screen 8/21/23 $MTDR
Out of the Box MarketWebs Screen
US Dollar -0.2%/ 30yr Bonds -0.7%/ Crude +1.0% & Nat Gas +3.2% / Copper +0.3% / Cryptos are slightly higher BTC +0.1%
TTG Weekend 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: The oversold bounce that started on Friday morning continues today. For more than an oversold bounce, I am watching to see if price can regain its 5d MA (Moving Average).
1hr chart: Price has also managed to get into this week's Value Area, which is a start. Watch 4392 support, note if price can maintain that level that triggers the bullish 80% rule looking for a move through this week's Value Area, 4490.5
QQQ - NDX 100 ETF - Daily chart: Similar to the S&P, price will need to regain its 5d MA for a short term trend change.
1hr chart: VPOC (red line) takeout & reversal Friday morning and an important level to watch this week, $360.62 bottom of this week's Value Area for a continued bounce.
IWM- Russell Small Cap ETF- Daily Chart: On Friday, price fell down to its 200d MA and bounced. That is a good support area to watch. Note upside resistance is Aug bottom of Value Area $189.81
1hr chart: Price starts the week inside its new Value Area, support $184.36.
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
MTDR Weekly & Daily chart
Matador Resources Company operates as an independent energy company engaged in the exploration, development, production, and acquisition of oil and natural gas resources. The Company offers its services primarily in the Eagle Ford Shale in south Texas and the Haynesville Shale as well as Cotton Valley in northwest Louisiana and east Texas. (Bloomberg)
-suggested stop price $58.5 using the TTG MarketWebs
Copyright © Tribeca Trade Group. All of the information in this newsletter is for entertainment and educational purposes only and is not to be construed as investment or trading advice. None of the information in this newsletter is guaranteed to be accurate, complete, useful or timely. IMPORTANT NOTICES AND DISCLAIMERS TriBeCa Trade Group is not an investment advisor and is not registered with the U.S. Securities and Exchange Commission or the Financial Industry Regulatory Authority. Further, owners, employees, agents or representatives of TriBeCa Trade Group are not acting as investment advisors and might not be registered with the U.S. Securities Authority