TTG Index Charts & Out of the Box Stock Screen 9/7/23
Out of the Box MarketWebs Screen
US Dollar +0.1% / 30yr Bonds +0.1%/ Crude -0.7% & Nat Gas +0.5% / 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 back below all the shorter term MAs (Moving Averages) and moving closer to that bottom of Value Area 4417.4 support
1hr chart: Price now below this week's Value Area, indicating weakness. Resistance to watch is 4463.25
QQQ - NDX 100 ETF - Daily chart: Price falling into the Sept Value Area in the premkt session and will trigger the #bearish 80% rule if price cannot stay above $375.29, Price is also falling below its short term MAs. Support to target is $362.77
1hr chart: Price is moving lower towards that bottom of this week's Value Area, watch $370.49 support
IWM- Russell Small Cap ETF- Daily Chart: Another test of the 200d MA coming for the Small Cap ETF? Could be. Watch what happens in that area and support $181.96
1hr chart: Price is below its Value Area for the week and lower VPOC to watch is $183.95
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
COP Weekly & Daily chart
ConocoPhillips is an independent E&P company headquartered in Houston, Texas with operations and activities in 13 countries. ConocoPhillips was incorporated in the state of Delaware in 2001. The company's diverse, low cost of supply portfolio includes resource-rich unconventional plays in North America; conventional assets in North America, Europe, and Asia; LNG developments; oil sands assets in Canada; and an inventory of global conventional and unconventional exploration prospects. ConocoPhillips has proved reserves of 2.0 billion barrels of oil equivalent. It generates most of its sales in the US (over 75%). (Bloomberg)
-suggested stop price $117 using the TTG MarketWebs and a check back to this level would be an attractive area to add to a position
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