TTG Index Charts & Out of the Box Stock Screen 8/24/23 $WIX $GOOGL
Out of the Box MarketWebs Screen
US Dollar +0.2% / 30yr Bonds -0.2%/ Crude +0.1 & Nat Gas -2.3% / Copper -0.8% / Cryptos are lower BTC -0.8%
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: Daily chart: After yesterday's rally on better breadth, the next upside resistance level to watch is the bottom of the Aug Value Area, 4488.75 (SPY $446.61). Note, something else to watch is the US Dollar which is a little perky this morning +0.2%
1hr chart: The bullish 80% rule is almost complete here for the week, watch 4490.5 resistance.
QQQ - NDX 100 ETF - Daily chart: A decent rally this week continuing this morning after NVDA strong earnings. The next resistance level to watch is $374.63 bottom of the Aug Value Area.
1hr chart: Price made it through its Value Area for the week so the bullish 80% rule is complete for the week! In addition, an upside VPOC has also been taken out so a lot of short term upside targets have been achieved & I wouldn't be surprised if there is some digestion for remaining of week.
IWM- Russell Small Cap ETF- Daily Chart: The Small Caps joined in the rally yesterday and the 200d MA support held. Next area of resistance to watch is up at $189.81
1hr chart: Price is currently inside its Value Area for the week, levels to watch highlighted below.
Here is today’s TTG Proprietary Stock Screen “Out of the Box” using Volume At Price
Remember, I am only showing a few setups from the list here and review more in the TTG Trading Room. I provide a more detailed watchlist every weekend to start the week at TTG.
Charts
WIX Weekly & Daily chart
Wix.com Ltd. operates and develops a web platform. The Company's platform offers solutions that enable businesses, organizations, and individuals to develop customized websites and application platforms. Wix.com serves customers worldwide. (Bloomberg)
-suggested stop price $87 using the TTG MarketWebs
GOOGL Weekly & Daily chart
Alphabet Inc. operates as a holding company. The Company, through its subsidiaries, provides web-based search, advertisements, maps, software applications, mobile operating systems, consumer content, enterprise solutions, commerce, and hardware products. (Bloomberg)
-suggested stop price $125 using the TTG MarketWebs & upside price target $141.81 VPOC
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