US Dollar -0.1% / 30yr Bonds -0.5% / Crude -1.4% & Nat Gas -4.0% / Gold +0.3% / Copper +1.1% / Cryptos are higher, BTC +2.9%
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 which indicate significant support & resistance levels. Learn More Here about Volume At Price and the MarketWebs.
SPY - S&P ETF - Daily chart: Price bouncing morning ad there has been quite a pattern of positive Monday's over the last 3 months as only 2 Monday's in the last 3months have been negative. Last week price took out a downside VPOC (red line) and is trying to stabilize around $412.8 and remains below its 200d MA
1hr chart: New Value Area for the week and price is inside its new Value Area and bullish 80% rule is in effect as long as price can stay above $412.37 can look for a move to $422.82 top of value
QQQ - NDX 100 ETF - Daily chart: Price bouncing this morning, +0.7% after breaking below its range last week and price remains above its 200d MA
1hr chart: Price starting the week inside its new Value Area Area for the week, support $342.88 / $355.92 is resistance
IWM- Russell Small Cap ETF- Daily Chart: Price indicated +0.8% , and was close to taking out a lower VPOC last week, watch $161.1 on the downside
1hr chart: Nice level to watch here for further upside $163.78 bottom of its new Value Area for week - note, if price cannot break into the Value Area may setup as a short
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
TW Weekly & Daily chart
Tradeweb Markets Inc. builds and operates electronic marketplaces for rates, credit, equities/ETFs and money markets. The company serves institutional, wholesale and retail clients in 62 countries including large global asset managers, insurance companies, central banks, financial advisory firms, proprietary trading firms, hedge funds, banks and dealers.(Bloomberg)
-suggested stop price $86 using the TTG MarketWebs & upside target $94.5 VPOC (red line)
Sign up here to get access to 50% off your first month of the The Tribeca Trade Group, coupon code TTGNEW
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