TTG Index Charts & Out of the Box Stock Screen 11/8/23 $CRM
Out of the Box MarketWebs Screen
30yr Bonds +0.2% / Crude -1.7% & Nat Gas -1.9% / Gold -0.2% / Copper -0.2% / Cryptos are lower BTC -1.4%
US Upcoming Economics & Fed Speakers
US Bond Yields
note 10yr Bond Auction at 1pm today
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Index Updates
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: Price closed just above the Nov Value Area for the first time this month, now $435.66 will be the support level to watch & upside VPOC (red line) to target $445
1hr chart: Price also made it above its Value Area for the week, support to watch $436.29
QQQ - NDX 100 ETF - Daily chart: Price rallied through the Nov Value Area & next upside level to watch is $375.79 , support now $370.12 top of Value
1hr chart: Price trending above its Value Area for the week, upside VPOC to watch $374.37 - again, VPOCs can represent overhead supply
IWM- Russell Small Cap ETF- Daily Chart: Price lagged yesterday, IWM -1.25% and is underperforming again this morning, ind -0.3% and may watch to fill that gap from last week. Resistance remains $176.94 top of value.
1hr chart: Price remains above its Value Area for the week, and support down at $168.69 and is centered around that last VPOC take out at $171.8 & upside VPOC to watch / target is $176.16
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
CRM Weekly & Daily chart
Salesforce, Inc. operates as a cloud-based software company. The Company develops customer relationship management software and applications focused on sales, customer service, marketing automation, analytics, and application development. Salesforce serves customers worldwide (Bloomberg)
-suggested stop price $208 using the TTG MarketWebs & upside price target $219 & $227 VPOC (red line). Note on the Weekly chart price was capped by that VPOC take out at $237 which perfectly defined the highs for this year.
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