TTG Index Charts & Out of the Box Stock Screen 8/10/23 $STNG $BKR
Out of the Box MarketWebs Screen
US Dollar -0.3% / 30yr Bonds +0.2% / Crude -0.7% & Nat Gas -0.5% / Copper +0.6% / Cryptos are slightly higher BTC +0.2%
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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 bouncing a bit ahead of this morning's CPI report. Support remains 4488.75 which is the August bottom of Value Area , and next 50d MA
1hr chart: Price back inside its Value Area, support is 4502.25, but the price action that we are seeing is a series of lower highs so I would be looking for price to get out of that pattern before I would get more aggressive in adding risk
QQQ - NDX 100 ETF - Daily chart: Price is trading below its August Value Area and testing its 50d MA.. if that breaks I would watch for that lower VPOC (red line) to be taken out at $363.95 & resistance is $374.63
1hr chart: Price is bouncing ahead of the CPI report but remains below its Value Area for the week, resistance $371.58
IWM- Russell Small Cap ETF- Daily Chart: Price remains inside its August Value Area, support $189.81 & is currently below its 5d & 20d Moving Averages
1hr chart: Price is currently below its Value Area for the week, resistance $193.82
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
STNG Weekly & Daily chart
Scorpio Tankers Inc. operates as a shipping company. The Company provides seaborne transportation of crude oil and other petroleum products. Scorpio Tankers serves customers worldwide.(Bloomberg)
-suggested stop price $48 the TTG MarketWebs & watch for a move > its 200d MA on the Daily Chart (2nd chart)
BKR Weekly & Daily chart
Baker Hughes Company provides oilfield products and services. The Company engages in surface logging, drilling, pipeline operations, petroleum engineering, and fertilizer solutions, as well as offers gas turbines, valves, actuators, pumps, flow meters, generators, and motors. Baker Hughes serves oil and gas industries worldwide. (Bloomberg)
-suggested stop price $34 the TTG MarketWebs
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