TTG Index Charts & Out of the Box Stock Screen 9/12/23 $MDB $TTWO
Out of the Box MarketWebs Screen
US Dollar +0.3% / 30yr Bonds flat / Crude +0.8% & Nat Gas +2% / Copper -0.5% / Cryptos are higher BTC +4.3%
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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: Not much change in the technical picture here.. Not totally surprising given that we have a lot of eyes on the economic reports later this week (CPI / PPI) so markets may continue to chop around a bit. Price remains inside its Sept Value Area and below its 50d MA. Bottom of Value support is 4467.75 / top of Value resistance 4591.25
1hr chart: Price backing off a bit from that top of Value Area this morning -0.25% , resistance is 4546.25 and support down at 4485
QQQ - NDX 100 ETF - Daily chart: New development here, price rallied above its Sept Value Area & back above its short term MAs (Moving Averages) support is now $375.29
1hr chart: Price took out an upside VPOC yesterday and this will be interesting to see if price pauses there or manages to rally above... for now, watch top of this week's Value Area for direction hints @ $375.84
IWM- Russell Small Cap ETF- Daily Chart: Once again Small Caps underperformed yesterday (IWM +0.24% SPY +0.66%) and price continues to hang around that 200d MA and on the lower end if its Sept Value Area.
1hr chart: Price close to the bottom of its Value Area for the week, support to watch $183.51. The Small Caps continue to exhibit relative weakness.
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
MDB Weekly & Daily chart
MongoDB, Inc. develops database software. The Company provides an open-source database platform for automating, monitoring, and deployment backups. MongoDB renders enterprise software integration, platform certification, and commercial licensing services. MongoDB serves clients worldwide. (Bloomberg)
-suggested stop price $385 using the TTG MarketWebs
TTWO Weekly & Daily chart
Take-Two Interactive Software, Inc. develops, markets, distributes, and publishes interactive entertainment software games and accessories. The Company's products are for console systems, handheld gaming systems and personal computers and are delivered through physical retail, digital download, online, and cloud streaming services. (Bloomberg)
-suggested stop price $140 using the TTG MarketWebs & first upside target is $151 VPOC (red line)
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