TTG Index Charts & Out of the Box Stock Screen 11/9/23 $AKAM
Out of the Box MarketWebs Screen
US Dollar +0.1% / 30yr Bonds -0.6% / Crude +1.0% & Nat Gas -0.3% / Gold -0.2% / Copper flat / Cryptos are higher BTC +3.7%
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US Bond Yields
note 30yr Bond Auction at 1pm today
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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.
SPY - S&P ETF - Daily chart: Not much has changed here in technical picture - Price just above the Nov Value Area, now $435.67 will be the support level to watch & upside VPOC (red line) to target $445
1hr chart: Price above it above its Value Area for the week, support to watch $436.29
QQQ - NDX 100 ETF - Daily chart: Upside VPOC (red line) has been taken out and a logical place for some price digestion / consolidation - if that does happen, I would want to see price hold the top of Nov Value Area, support $369.89
1hr chart: Price trending above its Value Area for the week, upside VPOC to watch $374.37 - again, VPOCs can represent overhead supply & that could also be an area for price digestion / consolidation
IWM- Russell Small Cap ETF- Daily Chart: Price -2.7% this week and has been lagging, but... a bright spot here is there is a gap from last week that has been filled so Small Caps could see a bounce here
1hr chart: Price remains above its Value Area for the week, and support down at $168.69 upside VPOC to watch / target is $176.16
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
AKAM Weekly & Daily chart
Akamai Technologies, Inc. provides services for accelerating and improving the delivery of content and applications over the internet, ranging from live and on-demand streaming video capabilities to conventional content on websites, to tools that help people transact business and reach out to new and existing customers.(Bloomberg)
-AKAM had a good earnings report, let’s see if price can get above that Weekly Chart VPOC @ $112.13 suggested stop price $108 using the TTG MarketWebs & upside price target $119 VPOC (red line).
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