TTG Index Charts & Out of the Box Stock Screen 10/9/23 $SRPT
Out of the Box MarketWebs Screen
US Dollar +0.5% / 30yr Bonds +0.1% / Crude +3.8% & Nat Gas +1.5% / Copper +0.6% / Cryptos are lower BTC -2.0%
Upcoming US Economics
US Bond Yields
US Bond Market is closed today, but Bond futures and Bonds ETFs will continue to trade.
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.
$ES_F - S&P futures - Daily chart: Prices down this morning after Middle East conflict over the weekend. Price is right at its 200d MA and remains above its VPOC (red line) take out last week - 4247 is support. The bottom of the Oct Value Area is resistance is 4370.75.
1hr chart: Price starts the week just above its Value Area, the first level of support is 4311
QQQ - NDX 100 ETF - Daily chart: On Friday, price climbed inside its Oct Value Area for the first time this month - this is a positive development as it will trigger the Bullish 80% rule provided that price can stay above $359.78 (the Bullish 80% rule is when price enters a Value Area for the first time, price has an 80% chance to travel through the whole Value Area).
1hr chart: Price starts the week just above its new Value Area, support to watch is $361.3
IWM- Russell Small Cap ETF- Daily Chart: Small Caps lagging this morning -1% and price is deeply below its Oct Value Area
1hr chart: Price starts the week inside its new Value Area for the week, resistance $172.94 / support $169.3
Here is today’s TTG Proprietary Stock Screen “Out of the Box” using Volume At Price
Charts
SRPT Weekly & Daily chart
Sarepta Therapeutics, Inc. is a biopharmaceutical company focused on the discovery and development of unique RNA-based therapeutics for the treatment of both rare and infectious diseases. The Company offers its products to the medical industry in countries around the world.(Bloomberg)
- SRPT continues to see bullish option positioning in Nov and Dec, and on Friday saw Dec 135/190 call spreads trade (note the company may have a drug study due in Q4 that could significantly affect its stock price)
-suggested stop price $120 using the TTG MarketWebs & short term price level to target $72.5 VPOC (red line)
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