Index Updates
At TTG, I use Volume At Price quite a bit in my chart analysis and use the MarketWebs Indicator to provide Value Areas which provide significant support & resistance levels. Learn More Here about Volume At Price and the MarketWebs.
$ES_F - S&P futures - Daily chart: Once again, not much to add here re the price action as price remains locked inside the May Value Area, note we have PPI this morning at 8:30 am along w/ initial jobless claims and two Fed speakers today, 8:45 & 10:15
1hr chart: Price remains inside its Value Area, upside level to watch 4158.5 which is the top of this week’s Value Area
$NYSI McClellan Summation Index - remains in a bear crossover with its 10d MA
QQQ - NDX - Daily chart: Finally some movement in the indices with the QQQs moving higher and out of range , next resistance is $332.31 (top of yearly Value Area on Weekly chart), next $341 VPOC
1hr chart: Price managed to get above its Value Area for the week, support is now $323.44
IWM- Russell Small Cap ETF- Daily Chart: Price -0.4% this morning and back below its May Value Area, level to watch remains $174.32
1hr chart: Price remains inside its Value Area for the week
Here is today’s TTG Proprietary Stock Screen 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
Z Weekly & Daily chart
Zillow Group, Inc. is a tech real-estate marketplace company. The Company provides information about homes, real estate listings, and mortgages through websites and mobile applications. Zillow Group serves homeowners, buyers, sellers, renters, and real estate professionals in the United States. (Bloomberg)
-not on today’s scan, but I like the setup here provide that it can get above that yearly Value Area on Weekly chart, watch $49.12
-suggested stop price $45.5 from the TTG MarketWebs
WING Daily & 1hr chart
Wingstop Inc. owns and operates restaurants. The Company specializes in cooked-to-order, hand-sauced, and tossed chicken wings. Wingstop serves customers worldwide. (Bloomberg)
-not on today’s scan, but I like the setup here
-suggested stop price $198 from the TTG MarketWebs & pull back after strong earnings
Remember, this is just one type of screen / setup that I focus on in my analysis!
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