TTG Index Charts & Out of the Box Stock Screen 9/22/23 $UNM
Out of the Box MarketWebs Screen
US Dollar +0.15% / 30yr Bonds -0.1% / Crude +1.1% & Nat Gas +1.5% / Copper +0.5% / Cryptos are slightly higher BTC +0.2%
S&P options are implying a 55 bps move for today
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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: A little price digestion this morning after the S&P is -2.7% this week. Price is basically in "no man's land" right now, below its Sept Value Area and above its 200d MA with not much in between. Not a great looking setup to me as the market is not quite oversold (NYMO -54 and got to a -100 and the end of Aug before a bounce began). One thing to note is the Jewish holiday Yom Kippur con concludes 9/25 and that might provide a little better seasonality.
1hr chart: Price took out another VPOC (red line) yesterday and price is trying to stabilize around it , watch 4386
QQQ - NDX 100 ETF - Daily chart: Price broke through its Sept Value Area and is now trending lower in short term. So far, price is above its Aug lows and will be an area to watch for support
1hr chart: Price bouncing a bit this morning, but not much support / resistance nearby
IWM- Russell Small Cap ETF- Daily Chart: Price is currently between its Sept Value Area and lower VPOC (red line) at $174.78 which may need to get taken out before a real move higher / stabilization can occur
1hr chart: Lower VPOC (red line) $175.58 to watch on the downside
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
UNM Weekly & Daily chart
Unum Group provides group disability and special risk insurance. The Company provides disability insurance, group life insurance, and payroll-deducted voluntary benefits offered to employees at their work sites. Unum Group serves customers in the United States and United Kingdom.(Bloomberg)
-suggested stop price $49 using the TTG MarketWebs
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