TTG Midday Trading Note 2-9-24 Charts: TLT XBI
updated watchlist & positions, Index Value Areas, Themes, and Charts
Market Breadth (Volume with Advancing / Declining issues)
Movers & Themes (see yellow box)
SPX 4wk new highs vs new lows
new 4wk highs > lows
79 new highs vs 54 new lows
- big categories of new highs: Consumer names, Industrials, Tech
- big categories of new lows: various
Charts
1hr Index Dashboard VA: Value Area (gives a sense of short-term Market trend)
SPY ABOVE this week's VA\
QQQ ABOVE this week's VA
IWM ABOVE this week's VA
DIA just ABOVE this week's VA
CF Trading Account Portfolio: Position Sheet
TTG Watchlist (note all charts for the watchlist names are posted in the TTG Trading Room)
Finviz link (to monitor performance w/o trigger): Click here
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.
Charts
TLT Daily & Yearly Value Area Chart:
this is the biggest concern i have ...
- Bonds / Rates - personally, I think Equity Volatility will pick up if we see TLT break its major support @ $92.66 and that is only -1.2% away
- this is going to be interesting w/ CPI on Tues and the MoM exp is +0.2% -
- Bottom Line: we do not have a break yet - and that is good that there is support, but its a must watch next week for me
SNOW Daily & Yearly Value Area Chart:
-SNOW was a weekend watchlist & broke higher yesterday
I added a long today and will take a target at VPOC (Blue Line)
XBI Daily & Yearly Value Area Chart:
-Very interesting here, the Equally Weighted Biotech is making another attempt at breaking higher, above its Yearly and Monthly Value Area
-I am looking to start a position today on a close > $90.6
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