TTG Midday Trading Note 1-16-24
updated watchlist & positions, Index Value Areas, Themes, and Charts
Market Breadth (volume with Advancing / Declining issues)
- poor Market Breadth today (again)
Movers & Themes (see yellow box)
This Week’s US Economics
SPX 4wk new highs vs new lows
new 4wk lows expand ... two columns of them today, this is the worst this year
- new highs: Financials, Tech
- new lows: various groups, but Cons Discretionary & Financials the largest
Charts
1hr Index Dashboard VA: Value Area (gives a sense of short-term Market trend)
SPY inside this week's VA
QQQ inside this week's VA, rallied to VA high and was rejected 1st attempt
IWM below this week's VA
DIA below this week's VA
CF Trading Account Portfolio: Position Sheet
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