TTG Index Charts & Out of the Box Stock Screen 7/12/23 $HES $INMD
Out of the Box MarketWebs Screen
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.
US Dollar -0.2% / 30yr Bonds +0.3% / Crude +0.5% & Nat Gas -1.6% Copper +1.1% / Cryptos are slightly higher BTC +0.5%
Upcoming Economics & Central Banks
$ES_F - S&P futures - Daily chart: Price now has moved just above its July Value Area, level t
1hr chart: Price making its way through its Value Area for the week (bullish 80% rule is in effect) resistance 4493.5
QQQ - NDX 100 ETF - Daily chart: Price moving towards that top of July Value Area, watch $371.25
1hr chart: Similar to the S&P, price moving through its Value Area and the bullish 80% rule playing out as discussed in yesterday's note, resistance $370.82
IWM- Russell Small Cap ETF- Daily Chart: Price rallied through its July Value Area and above its last high from 6/14. Next upside level to watch is $192.77 VPOC
1hr chart: Price trending above its Value Area for week
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
HES Weekly & Daily chart
Hess Corporation operates as a global independent energy company. The Company focuses on the exploration, development, production, transportation, purchase, and sale of crude oil, natural gas liquids, and natural gas. Hess manages production operations around the world. (Bloomberg)
-suggested stop price $136 the TTG MarketWebs
INMD Weekly & Daily chart
InMode Ltd. develops medical devices. The Company manufactures and markets platforms that harness novel radio-frequency based technology for both the patients and the practitioners. InMode serves customers worldwide.. (Bloomberg)
-note INMD reported preliminary earnings this morning:
Inmode Rises After Preliminary Revenue Beats Estimates (Bloomberg)
Inmode gains 2.5% in premarket trading Wednesday after the company reported preliminary revenue for the second quarter that beat the average analyst estimate.
PRELIMINARY SECOND QUARTER RESULTS
Prelim revenue $135.7 million to $135.9 million, estimate $130 million (Bloomberg Consensus)
Prelim adjusted EPS 70c to 71c, estimate 64c
Prelim gross margin 83% to 85%, estimate 83.6%
-suggested stop price $37 the TTG MarketWebs
Remember, this is just one type of screen / setup that I focus on in my analysis!
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