TTG Index Charts & Out of the Box Stock Screen 10/2/23 $DELL
Out of the Box MarketWebs Screen
US Dollar +0.4% / 30yr Bonds -0.6% / Crude +0.3% & Nat Gas -1.4% / Copper -1.4% / Cryptos are rallying BTC +5.5%
S&P options are implying a 63 bps move for today
Upcoming US Economics & Fed Speakers
US Bond Yields
- Yields higher across the curve
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: New month but same story with Bond Yields and the Dollar higher this morning. Price starts the month below the new Oct Value Area, but is holding above its 200d MA. Resistance level to watch is 4370.75
1hr chart: Price starts the week inside its new Value Area for the week, resistance 4357.75 / support 4308
QQQ - NDX 100 ETF - Daily chart: Price starts the new month just below the Oct Value Area, resistance to watch $359.82
1hr chart: Price starts the week inside its new Value Area, resistance $359.81 , support $354.72
IWM- Russell Small Cap ETF- Daily Chart: Price starts below the Oct Value Area to start the month, resistance $178
1hr chart: Price starts the week inside its Value Area , resistance $177.84 / $175.49 support
Here is today’s TTG Proprietary Stock Screen “Out of the Box” using Volume At Price
Charts
DELL Daily chart
Dell Technologies Inc. provides computer products. The Company offers laptops, desktops, tablets, workstations, servers, monitors, printers, gateways, software, storage, and networking products. Dell Technologies serves customers worldwide.(Bloomberg)
Dell saw call buying on Friday, note they have an analyst meeting on 10/5:
>> 10000 DELL Oct23 71.5 Calls $1.208 Above Ask! IV=31.2% OPENING Delta=36%, Impact=356k/$24.6m OI=40 Premium=$1.21m
>> 3774 DELL Oct23 71.5 Calls $1.30 ASKSIDE V=33.2% +2.0 OPENING Impact=137k/$9.42m, OI=40 Premium=$491k
-suggested stop price $67.5 using the TTG MarketWebs & 20d MA
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