TTG Index Charts & Out of the Box Stock Screen 12/7/23 $DASH
Out of the Box MarketWebs Screen
US Dollar -0.3% / 30yr Bonds -0.4% / Crude +1.1% & Nat Gas -1.2% / Gold +0.2% / Copper+0.9% / Cryptos are lower 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 & VPOCs which indicate significant support & resistance levels. Learn More Here about Volume At Price and the MarketWebs.
SPY- S&P ETF - Daily chart: After yesterday's reversal, price remains inside its Dec Value Area, resistance to watch is still $458.32. And note if we see further weakness, I am watching the 20d MA for some support. I still believe the market is waiting on the Friday’s jobs report to break the range.
1hr chart: Price was rejected from breaking higher and is back inside this week's Value Area, see chart below for levels to watch
QQQ - NDX 100 ETF - Daily chart: Price remains inside its Dec Value Area, tested its 20d MA and is holding. Now, let's see if price can reclaim its 5d MA - that would be a good sign for the QQQs
1hr chart: Price is back below its Value Area for the the week, resistance remains $387.98. One observation from yesterday is that price did not break the lows of the week which is a small positive.
IWM- Russell Small Cap ETF- Daily Chart: Price continuing to hang around that last VPOC (red line) take out and also remains above its Dec Value Area, support $181.76
1hr chart: Price still above its Value Area for the week, but is close to the low point for the week
Here is today’s TTG Proprietary Stock Screen “Out of the Box” using Volume At Price
names trending above their Value Areas (on 3 multiple timeframes & not super extended)
Charts
DASH Weekly & Daily chart
DoorDash, Inc. provides restaurant food delivery services. The Company develops technology to connect customers with merchants through an on-demand food delivery application. DoorDash serves customers in the United States.(Bloomberg)
- suggested stop price using the TTG MarketWebs $95
- What I like about this setup is I know exactly where this trade will work vs doesn’t.. as long as price stays above that yearly value Area, $95.82 can be long
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