TTG Index Charts & Out of the Box Stock Screen 12/18/23 $AXP $ALGM
Out of the Box MarketWebs Screen
US Dollar -0.1% / 30yr Bonds +0.1% / Crude +1.8% & Nat Gas +3.3% / Gold +0.1% / Copper -0.3% / Cryptos are lower BTC -3.0%
US Upcoming Economics
US Bond Yields
Index Updates
At TTG, I use Volume At Price in my chart analysis and I use the MarketWebs Indicator to provide Value Areas & VPOCs which indicate significant support & resistance levels. Learn More Here about Volume At Price and the MarketWebs.
SPY- S&P ETF - Daily chart: Price still a bit extended and overbought (RSI 73) and remains above its 5d MA (Moving Average). In my opinion, some back and filling would not be a horrible thing here after 7 weeks of straight gains
1hr chart: Price starts the week inside its new Value Area for the week, resistance to watch is $471.76
QQQ - NDX 100 ETF - Daily chart: QQQs beginning to challenge ATHs after that least VPOC (red line) take out. Note QQQs are also a bit extended here and the RSI is in overbought territory at 76. So indices are running hot after a big week last week.
1hr chart: Similar to the S&P, price is trading inside its new Value Area for the week, resistance to watch is $406.53
IWM- Russell Small Cap ETF- Weekly & Daily Chart: Showing the Weekly Chart here because price is just above an important level to watch $195.87 which is the top of this year's Value Area and if price can maintain above there is a chance for the uptrend to begin for the Small Caps
1hr chart: Short term, watch this week's top of value for direction this week, $197.76
Here is today’s TTG Proprietary Stock Screen “Out of the Box” using Volume At Price
names trending above their Value Areas (on 3 multiple timeframes & not super extended)
Charts
AXP Weekly, Daily chart
American Express Company is a global payment and travel company. The Company's principal products and services are charge and credit payment card products and travel-related services offered to consumers and businesses around the world.(Bloomberg)
- Using the TTG MarketWebs, stop price $174
ALGM Weekly, Daily chart
Allegro Microsystems, Inc. develops advanced semiconductor devices. The Company provides power and sensing solutions for motion control. Allegro Microsystems serves customers worldwide.(Bloomberg)
- Using the TTG MarketWebs, stop price $29
Copyright © Tribeca Trade Group. All of the information in this newsletter is for entertainment and educational purposes only and is not to be construed as investment or trading advice. None of the information in this newsletter is guaranteed to be accurate, complete, useful or timely. IMPORTANT NOTICES AND DISCLAIMERS TriBeCa Trade Group is not an investment advisor and is not registered with the U.S. Securities and Exchange Commission or the Financial Industry Regulatory Authority. Further, owners, employees, agents or representatives of TriBeCa Trade Group are not acting as investment advisors and might not be registered with the U.S. Securities Authority