TTG Index Charts & Out of the Box Stock Screen 5/18/23 $TEX $IT $CP
Out of the Box MarketWebs Screen
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: The big test! Price is at the top of value for the Month of May and is trying to break out of the recent range, watch 4173.5
US Dollar +0.2% / 30yr Bonds -0.2% / Crude -0.3% & Nat Gas +1% Copper -0.9% / Cryptos are down slightly this morning - Weekly Jobless Claims and Existing Home Sales 8:30am
1hr chart: Price broke above the short term trend line and also above its Value Area for the week, watch 415625 support
QQQ - NDX - Weekly chart: Price coming upon an important level here, the top of this year's Value Area, watch $332.4
1hr chart: Price continuing to trend above its Value Area for the week
IWM- Russell Small Cap ETF- Daily Chart: A new development here - price rallied into its May Value Area , support to trade against is now $174.32 and for confirmation purposes I would like to see IWM retake its 50d MA
1hr chart: some overhead supply here is also the VPOC at $177.41 to watch
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
TEX Weekly & Daily chart
Terex Corporation is a global manufacturer of lifting and material processing products and services that deliver lifecycle solutions. The Company offers lifecycle solutions to a range of industries, including the construction, manufacturing, transportation, refining, energy, utility, mining industries. Terex provides financial products to assist customers in acquiring equipment. (Bloomberg)
-suggested stop price $46 from the TTG MarketWebs
IT Weekly and Daily chart
Gartner, Inc. provides research and analysis on the computer hardware, software, communications, and related information technology industries. The Company's business segments includes research, consulting, measurement, events, and executive programs. (Bloomberg)
-suggested stop price $318 from the TTG MarketWebs
CP Weekly and Daily chart
Canadian Pacific Kansas City Limited operates a transnational rail network. The Company transports automotive, energy, chemicals, plastics, forestry, industrial, and temperature protected products. Canadian Pacific Kansas City serves customers in North America. (Bloomberg)
-suggested stop price $80 from the TTG MarketWebs
Remember, this is just one type of screen / setup that I focus on in my analysis!
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