TTG Index Charts & Out of the Box Stock Screen 12/5/23 $WIX
Out of the Box MarketWebs Screen
US Dollar +0.1% / 30yr Bonds +0.7% / Crude -0.4% & Nat Gas +0.9% / Gold +0.1% / Copper -1.0% / Cryptos are higher BTC +0.4%
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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 & VPOCs which indicate significant support & resistance levels. Learn More Here about Volume At Price and the MarketWebs.
SPY- S&P ETF - Daily chart: Price now back inside the Dec Value Area after being rejected yesterday at continuing higher above Value. The Resistance level to watch is $458.32
1hr chart: Price is inside its Value Area for the week and for now the bearish 80% Rule is in effect, looking for a move down to $454.05. Note resistance is $456.42
QQQ - NDX 100 ETF - Daily chart: QQQs underperformed yesterday -0.9% and lower again this morning, ind -0.4% as price is now down to its 20d MA and will be an interesting to spot to watch for a possible hold and bounce
1hr chart: Price broke below this week's Value Area and resistance is up at $387.93. In the short term, QQQs are showing weakness.
IWM- Russell Small Cap ETF- Daily Chart: Small Caps also tried to move higher and fizzled yesterday, price remains between its top of Nov Value Area & 200d MA
1hr chart: Price is above its Value Area for the week (different than SPY & QQQ) & has taken out one VPOC on Friday and next one up to target is $188.99
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
WIX Weekly & Daily chart
Wix.com Ltd. operates and develops a web platform. The Company's platform offers solutions that enable businesses, organizations, and individuals to develop customized websites and application platforms. Wix.com serves customers worldwide. (Bloomberg)
- suggested stop price using the TTG MarketWebs $101
- like the break out of the base on Weekly Chart here
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