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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 & VPOCs which indicate significant support & resistance levels. Learn More Here about Volume At Price and the MarketWebs.
SPY- S&P ETF - Daily chart: Once again, not much new to report on here in Daily chart... Price continues to trade around that VPOC (red line) take out and it will be interesting to see if price can stay above its 5d MA (Moving Average) as its been above its 5d MA since 10/31. The trend remains up.
1hr chart: Price inside its Value Area for the week and starting to turn down, watch $453.08
QQQ - NDX 100 ETF - Daily chart: Similar to the S&P, tight price action yesterday, and it will be interesting to see if price can stay above its short term 5d MA which its been above since 10/31.
1hr chart: Price got rejected at the top of its Value Area for the week yesterday, upside level to watch remains $391.2 . Price is now testing bottom of its Value Area, watch $387.91 and if that breaks, lower VPOC at $385.71
IWM- Russell Small Cap ETF- Daily Chart: Price remaining between that upside VPOC take out (red line) & 200d MA and the top of the Nov Value Area, $177.09 support
1hr chart: Price inside its Value Area for the week, support to watch $177.81 and resistance $179.4
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
VMC Weekly & Daily chart
Vulcan Materials Company produces construction aggregates. The Company's principal product lines are aggregates, asphalt mix and concrete, and cement. Vulcan Materials serves customers in the United States of America. (Bloomberg)
- suggested stop price using the TTG MarketWebs $210 & upside VPOC target $223
- also note, SUM another construction co is also on the scan for today
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