TTG Index Charts & Out of the Box Stock Screen 12/8/23 $AMD
Out of the Box MarketWebs Screen
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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: Nice rally back yesterday... but.. price remains in range and still inside the Dec Value Area, watch $458.32 top of Dec Value Area. Can today’s jobs report get price out the recent range? I think either today’s data or next week’s CPI / FOMC may be a catalyst for the move.
1hr chart: Price held bottom of Value support yesterday and rallied through its Value Area. 1st level of support is $456.4
QQQ - NDX 100 ETF - Daily chart: Big gain for the QQQs yesterday, +1.4% which is the biggest 1d gain for the QQQs in Dec. Price back above its 5d MA and lets see if it can stay there after today's Jobs report.
1hr chart: Price rallied into the top of this week's Value Area resistance, watch $390.87
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: Not much new here to report - price in a tight range.
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
AMD Weekly, Daily & 1hrchart
Advanced Micro Devices, Inc. (AMD) produces semiconductor products and devices. The Company offers products such as microprocessors, embedded microprocessors, chipsets, graphics, video and multimedia products and supplies it to third-party foundries, as well as provides assembling, testing, and packaging services. AMD serves customers worldwide.(Bloomberg)
- AMD was the stock of the day yesterday rallying +9.9% What to watch next after a big move? I am watching to see if price can stay above that VPOC takeout (red line) $127 and that is a nearby support level to use for a stop.
- Upside short term target is $133 VPOC
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