TTG Index Charts & Out of the Box Stock Screen 8/31/23 $AVT $NOV
Out of the Box MarketWebs Screen
US Dollar +0.3% / 30yr Bonds +0.3%/ Crude +0.8% & Nat Gas -0.1% / Copper -1.0% / Cryptos are ~ flat
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: Price continuing to climb this morning ahead of the 8:30 economics and now decently back inside its Value Area for the month. Support down at 4487.5
1hr chart: Price gravitating towards that 2nd VPOC (red line) at 4539.5 and that would be another target to lighten up a touch on positions in my opinion (short term view)
QQQ - NDX 100 ETF - Daily chart: Price now inside the August Value Area, support to watch $374.76. I have also added a trendline to watch but keep in mind all trendlines are subjective, Value Areas are not.
1hr chart: Price extending now above last week's highs (and VPOC takeout) which I think will be important for price to stay above in the short term
IWM- Russell Small Cap ETF- Daily Chart: Nice rally off of last week's lows and now price is at the bottom of the August Value Area resistance , level to watch here is $189.81
1hr chart: Price continuing to trend above its Value Area, next upside level to watch is $191.04 VPOC
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
AVT Weekly & Daily chart
Avnet, Inc. distributes computer products and semiconductors, as well as interconnect, passive, and electromechanical components. The Company markets and distributes these products and provides supply-chain integration, engineering design, and technical services. Avnet serves customers in countries around the world. (Bloomberg)
-suggested stop price $48 using the TTG MarketWebs. This would be bullish here if price can get through those July highs and something to watch
NOV Weekly & Daily chart
NOV Inc offers equipment and components used in oil and gas drilling and production operations, oilfield services, and supply chain integration services to the upstream oil and gas industry. The Company serves customers worldwide. (Bloomberg)
-suggested stop price $19.5 & upside price target $23.3 using the TTG MarketWebs
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