US Dollar +0.8% / 30yr Bonds -1.3% / Crude +2.3% & Nat Gas +4.5% / Gold +0.2% / Copper -0.5% / BTC +9.0%
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.
$ES_F- S&P futures - Price starts the new year decently above is new '24 Value Area - this means for the year price is trending + and support is a decent distance away 442.25, The Daily chart we have a new Value Area for Jan and a little less positive... price is getting rejected at breaking higher and will have to deal with resistance at 4821 or SPY $477.5.
Note the Dollar is stronger & rates are higher this morning.
1hr chart: Price starts the week below its new Value Area, resistance 4818 or SPY $474.1
$NQ_F - NDX 100 futures - Daily chart: Price ind -1.1% & starting the new month of Jan inside its Value Area (in the range) with resistance 17,152.25 (QQQ $412.25)
1hr chart: Similar to the S&P price starts the week below its Value Area for the week, resistance 17,020.25 (QQQ $409.5)
RTY_F - Russell Small Cap Futures- Daily Chart: Price starts the new month right at the top of its Jan Value Area, watch $2028.1 or IWM $201.3
1hr chart: Price starts the new week below its Value Area, resistance 2068.9 (IWM $202.69) and VPOC (red line) just lowerrt $200.53
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)
note ThinkorSwim has not updated yet for ‘24 Value Areas so the list is thin so will provide updated list / charts tomorrow
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