TTG Index Charts & Proprietary Stock Screen 5/2/23 $GPC $KBR $GFL
Out of the Box MarketWebs Screen
Index Updates
New Value Areas for the Month of May which are based on all of April’s price and volume activity. Note if price starts the month above its Value Area then price is trending higher; if price is starts the month inside its Value Area it is sideways / range bound; of price is below its Value Area it is trending down
$ES_F - S&P futures - Daily chart: Price -0.2% this morning and will be interesting to see if price holds above the May Value Area, watch 4173.5. Important for momentum to see price stay above this level.
1hr chart: Price above value for week but looks a bit vulnerable.. support to watch 4165.25
$NQ_F - NDX futures- Daily chart: Price outperforming the S&P just a bit this morning, and above that May Value Area, watch 13,230.25 top of value (QQQ $319.70)
1hr chart: Not much to add here from yesterday as price has not moved significantly.
$RTY_F - Russell Small Cap futures- Once again price lagging in the Small Caps, and coming down to the bottom of the May Value Area, watch 1765.3 (IWM $174.25) support
1hr chart: Price remains inside its Value Area for the week, resistance is 1777.9 (IWM $175.09)
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
GPC Weekly & Daily chart
Genuine Parts Company operates as an automotive store. The Company distributes automotive replacement parts, industrial replacement parts, office products, and electrical and electronic materials. Genuine Parts serves customers in the United States, in Canada, and in Mexico. (Bloomberg)
-suggested stop price $167 from the TTG MarketWebs
KBR Weekly & Daily chart
KBR, Inc. provides IT services. The Company offers consultancy, program management, cybersecurity, science, technology, and engineering solutions. KBR serves aerospace, defense, industrial, and intelligence markets worldwide. (Bloomberg)
-Nice earnings move, can trade against $57 top of May Value Area (2nd chart)
GFL Weekly & Daily chart
GFL Environmental Inc. provides waste management services. The Company offers identification, collection, transport, processing, recycling, and disposal of broad range of hazardous and non-hazardous liquid waste. GFL Environmental serves the industrial, commercial, municipal, and residential sectors in Canada. (Bloomberg)
-suggested stop price $35 from the TTG MarketWebs
Remember, this is just one type of screen / setup that I focus on in my analysis!
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