TTG Index Charts & Out of the Box Stock Screen 9/8/23 $VLO
Out of the Box MarketWebs Screen
US Dollar -0.1% / 30yr Bonds flat / Crude +0.8% & Nat Gas +2.0% / Copper -1.0% / Cryptos are lower BTC -0.3%
US Economics
note, next week CPI and PPI
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: Price continues to drift lower, through its Sept Value Area and below its shorter term MAs (Moving Averages). Bottom of Value support is 4417.5
1hr chart: Price sitting below its Value Area for week (this is a position of weakness), resistance 4462.25
QQQ - NDX 100 ETF - Daily chart: Price into the Sept Value Area and has triggered the #bearish 80% rule if price cannot stay above $375.29. The 80% rule looks for price to fall down to $362.77.
1hr chart: On the positive side, price is holding / staying inside this week's Value Area & has honored bottom of Value support $370.49
IWM- Russell Small Cap ETF- Daily Chart: Price for holding above its 200d MA (support) and inside its Sept Value Area, support to watch is $181.96
1hr chart: Yesterday price fell down to VPOC (red line) is has managed to halt the decline in the Small Caps this week, watch $183.93 , note 1hr VPOC takeout's can often lead to a short term bounce.
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
VLO Weekly & Daily chart
Valero Energy Corporation is an independent petroleum refining and marketing company that owns and operates refineries in the United States, Canada, and Aruba. The Company produces conventional gasolines, distillates, jet fuel, asphalt, petrochemicals, lubricants, and other refined products, as well as offers diesel fuel, low-sulfur and ultra-low-sulfur diesel fuel, and oxygenates. (Bloomberg)
-suggested stop price $133 using the TTG MarketWebs
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