TTG Index Charts & Out of the Box Stock Screen 7/26/23 $DD $MCO
Out of the Box MarketWebs Screen
US Dollar -0.1% / 30yr Bonds +0.1% / Crude -1.2% & Nat Gas -1.7% / Copper -0,9% / Cryptos are slight lower BTC -0.1%
Today’s Economics / Events
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: Daily chart: Price back up to the VPOC take out and last week's highs ~ 4600. Note, Today is FOMC and I expect the usual whipsaw price action with the announcement at 2pm and Press Conf at 2:30pm which usually lasts 45-55m. Note, SPX options are pricing in a 70 bps move for today.
1hr chart: Price rallied up to its top of Value Area for the week, and was rejected. Keep an eye on 4600.5 ( support down at 4561.5)
QQQ - NDX 100 ETF - Daily chart: Price lower this morning -0.3% after yesterday's bounce. Price is holding above its July Value Area and above its short term MAs (Moving Averages) , support to watch $371.2
1hr chart: Price moving back down to that bottom of this week's Value Area, watch $377.12 which is an important level to watch
IWM- Russell Small Cap ETF- Daily & Weekly Chart: Price trying to hold onto its 5d MA and will watch to see if that holds today. Also, note that price was capped by its Yearly Value Area resistance $195.87 (not pictured, but a key upside level to watch)
1hr chart: Price remains inside its Value Area for the week , support to watch $194.3 , resistance $196.98
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
DD Weekly & Daily chart
DuPont de Nemours, Inc. provides technology based materials and solutions. The Company offers a diverse range of products, such as construction materials, adhesives, electronic, fabrics, fibers, home garden, medical devices, resins, printing, and consumer products. DuPont de Nemours serves energy, automotive, construction, government, military, safety, and packaging industries globally..(Bloomberg)
-suggested stop price $71 the TTG MarketWebs
MCO Weekly & Daily chart
Moody's Corporation is a credit rating, research, and risk analysis firm. The Company provides credit ratings and related research, data and analytical tools, quantitative credit risk measures, risk scoring software, and credit portfolio management solutions and securities pricing software and valuation models. (Bloomberg)
-suggested stop price $345 the TTG MarketWebs
Remember, this is just one type of screen / setup that I focus on in my analysis!
Copyright © Tribeca Trade Group. All of the information in this newsletter is for entertainment and educational purposes only and is not to be construed as investment or trading advice. None of the information in this newsletter is guaranteed to be accurate, complete, useful or timely. IMPORTANT NOTICES AND DISCLAIMERS TriBeCa Trade Group is not an investment advisor and is not registered with the U.S. Securities and Exchange Commission or the Financial Industry Regulatory Authority. Further, owners, employees, agents or representatives of TriBeCa Trade Group are not acting as investment advisors and might not be registered with the U.S. Securities Authority