TTG Index Charts & Out of the Box Stock Screen 2/9/24 $BLDR $XHB
Out of the Box MarketWebs Screen
US Dollar flat / 30yr Bonds +0.1% / Crude -0.3% & Nat Gas -3.4% / Gold -0.4% / Copper -0.8% / BTC +4.1%
US Upcoming Economics
US Bond Yields & Bond Auctions
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 - SPX Futures - Price ind. +0.2% this morning and continues to grind higher and for now the market is focusing more on the "positives" vs the "negatives" To me, the positives are strong earnings reports, stronger than expected economic news, and bond auctions this week that showed decent demand. The negatives are weaker breadth, some earnings misses, and higher yields.
Could this tilt to the market focusing more on the negatives? Absolutely, and that is why I focus on price & trend first! Right now, price continues to grind above its 5d MA (Moving Average) so there is no sell signal - but I want to monitor when this trend changes
1hr chart: Price is above this week's Value Area, support to watch remains 4959 the top of this week's Value Area
QQQ - NDX 100 ETF - Daily chart: Price ind. +0.2% & also grinding higher above its Feb Value Area. Support to watch is $423.51 top of Feb Value Area
1hr chart: Price is above its Value Area for the week, support to watch is $428.28
IWM - Russell Small Cap ETF- Price ~ flat this morning and just inside its Feb Value Area, support to watch is $192.53 & also keep an eye on the 50d MA as price for now is riding that higher
1hr chart: Aggressive move over last two day and price is now testing its top of Value Area for week, watch $197.32
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)
Keep reading with a 7-day free trial
Subscribe to The Tribeca Trade Group to keep reading this post and get 7 days of free access to the full post archives.