TTG Index Charts & Out of the Box Stock Screen 10/6/23
Out of the Box MarketWebs Screen
US Dollar flat / 30yr Bonds -0.3% / Crude -0.2% & Nat Gas +1.2% / Copper +1.4% / Cryptos are higher BTC +1.0%
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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 which indicate significant support & resistance levels. Learn More Here about Volume At Price and the MarketWebs.
$ES_F - S&P futures - Daily chart: Price quiet ahead of today's Jobs report and remains above the VPOC take out (red line) and just below its 5d and 200d MA
1hr chart: Price remains below its Value Area for the week, watch 4308 short term resistance
QQQ - NDX 100 ETF - Daily chart: Not much has changed, so going to repeat from note from yesterday: level to watch here - $359.78 bottom of the Oct Value Area (resistance) - this is a great level to watch for upside continuation. How would i use this? Very simply, long > $359.78 and avoid if price cannot get above this level.
1hr chart: Similar level to watch here, $359.93 which is the top of this week's Value Area. I am watching for a break above this week's Value Area and a break into the Oct Value Area (Daily chart)
IWM- Russell Small Cap ETF- Daily Chart: Small Caps actually outperformed (slightly) yesterday +0.1% vs SPY -0.04% and are trying to bounce after a big selloff. Price remains below all short and longer term MAs
1hr chart: Price is deeply below its Value Area for the week
Here is today’s TTG Proprietary Stock Screen “Out of the Box” using Volume At Price
Charts
PCOR Weekly & Daily chart
Procore Technologies, Inc. provides software solutions. The Company develops cloud-based construction management software. Procore Technologies serves customers worldwide.(Bloomberg)
-suggested stop price $64 using the TTG MarketWebs & short term price level to target $72.5 VPOC (red line)
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