TTG Index Charts & Out of the Box Stock Screen 10/10/23 $J
Out of the Box MarketWebs Screen
US Dollar flat / 30yr Bonds -0.6% / Crude -0.7% & Nat Gas +1.6% / Copper -1.3% / Cryptos are lower BTC -0.3%
Upcoming US Economics
US Bond Yields
Note, the US Bond Market was closed yesterday, so today’s moves are based on what Bonds futures and Bond ETFs did yesterday + this morning.
Last night’s TTG Market Recap Video
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 has rallied into the bottom of the Oct Value Area - this will be a test of resistance, watch 4374.75 (SPY $431.23)
1hr chart: Price is above its Value Area for the week, support is 4311 top of Value
QQQ - NDX 100 ETF - Daily chart: Price is now inside its Oct Value Area & the the Bullish 80% rule is in effect as long as price stays above $359.88 (the Bullish 80% rule is when price enters a Value Area for the first time, price has an 80% chance to travel through the whole Value Area).
1hr chart: Price is trading above its Value Area for the week and there are a series of VPOCs above, first one at $370.44, support $361.29
IWM- Russell Small Cap ETF- Daily Chart: Price has rallied from an oversold condition and is moving back up to the VPOC (red line) take out where price could consolidate a bit.
1hr chart: Yesterday, price rallied above its Value Area for the week. The next upside level to watch is $176.37 VPOC and support is $172.94 top of Value Area.
Here is today’s TTG Proprietary Stock Screen “Out of the Box” using Volume At Price
Charts
J Weekly & Daily chart
Jacobs Solutions Inc. provides technical professional services. The Company offers engineering and construction services, as well as scientific and specialty consulting for a broad range of clients including companies, organizations, and government agencies. Jacobs Solutions serves customers worldwide. (Bloomberg)
-suggested stop price $135 using the TTG MarketWebs
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