TTG Index Charts & Out of the Box Stock Screen 8/28/23 $BRK/B
Out of the Box MarketWebs Screen
US Dollar +0.1% / 30yr Bonds +0.2%/ Crude +0.1% & Nat Gas +4.0% / Copper +0.1% / Cryptos are ~ flat
Economics (Week Ahead)
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: Price trying to put in a higher low from the 8/18 lows of the month and will be something to watch in the days ahead. The top of the August Value Area (4488.75) along with the 50d MA (Moving Average) remain the resistance.
1hr chart: Price starts the week just inside its Value Area for the week, resistance to watch is 4424.75 and then 4429.75 VPOC. Bottom of Value support is 4382.
QQQ - NDX 100 ETF - Daily chart: Similar to the S&P, price is trying to put in a higher low from the 8/18 low of the month. Overhead resistance remains August bottom of Value Area, $374.53
1hr chart: Price is just inside the new Value Area for the week, resistance to watch $366.05 and next, upside VPOC $366.6. Support is $359.59
IWM- Russell Small Cap ETF- Daily Chart: Price fell though its 200d MA on Friday and recovered and pushed back above. I think that is an important area to watch, whether price can stay above its 200d MA. If price can continue to recover, the first step would be a move its 5d MA
1hr chart: Price starts the week inside its Value Area, resistance is $185.08, support $183.27
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
BRK/B Weekly & Daily chart
Berkshire Hathaway Inc. is a holding company owning subsidiaries in a variety of business sectors. The Company's principal operations are insurance business conducted nationwide on a primary basis and worldwide on a reinsurance basis. Berkshire's other operations include a railway company, a specialty chemical company, and an international association of diversified businesses. (Bloomberg)
-suggested stop price $347 using the TTG MarketWebs
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