TTG Index Charts & Out of the Box Stock Screen 9/21/23 $AKAM
Out of the Box MarketWebs Screen
US Dollar +0.5% / 30yr Bonds -1.3% / Crude -0.3% & Nat Gas -1.2% / Copper -3% / Cryptos are lower BTC -0.9%
S&P options are implying a 81 bps move for today
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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: Clean break of the Sept Value Area and not hesitation there, so there is significant selling pressure to not even see a pause at that bottom of value. Unfortunately, if that Sept bottom of Value Area is not retaken the next support is the 200d MA on this chart. Also, note the US Dollar is continue to chug higher this morning, +0.5% and rates are also making a big move higher. These are headwinds for equities.
1hr chart: Price also broke through that last VPOC without any hesitation and next level down for buyers to possibly step in would be 4386 VPOC (red line)
QQQ - NDX 100 ETF - Daily chart: I am actually showing Nasdaq futures here (NQ_F) because the QQQs price does not update on my chart - Price broke through its Sept Value Area, keep an eye on that bottom of Value 15,141 (QQQ $362.77) & watch the 8/18 low
1hr chart: Price is between its Value Area for the week with resistance $373.01 and lower VPOC to watch $363.8... in my opinion, not much to do until one of these levels is achieved.
IWM- Russell Small Cap ETF- Daily Chart: Price also broke through its Sept Value Area and next support down is $174.78 VPOC (red line)
1hr chart: Prices lower here this morning and next area of possible support is $175.58
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
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)
-suggested stop price $105 using the TTG MarketWebs & short term price level to target $112.1 VPOC (red line)
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