TTG Index Charts & Proprietary Stock Screen 5/1/23 $MA $HUM $LKQ
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 starts the month above the May Value Area, support to watch 4173.5
1hr chart: Price also starts the week above its Value Area, watch 4165.25
$NQ_F - NDX futures- Daily chart: Similar to the S&P, price starts the month above its Value Area, watch 13,230.25 top of value (QQQ $319.70)
1hr chart: Price also starts the week above its Value Area with support way down at 13,106.75
$RTY_F - Russell Small Cap futures- Different looking picture here vs other indices.. price starts the new month just inside of its Value Area, support to watch 1765.3 (IWM $174.25)
1hr chart: Price starts week inside its Value Area, 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
MA Weekly & Daily chart
Mastercard Incorporated provides financial transaction processing services. The Company offers payment processing services for credit and debit cards, electronic cash, automated teller machines, and travelers checks. Mastercard serves customers worldwide. (Bloomberg)
-suggested stop price $375 from the TTG MarketWebs
HUM Weekly & Daily chart
Humana Inc. operates as a managed health care company. The Company offers coordinated health care through health maintenance organizations, point-of-service plans, and administrative services products. Humana offers its products to employer groups, government-sponsored plans, and individuals. (Bloomberg)
-suggested stop price $520 from the TTG MarketWebs
LKQ Weekly & Daily chart
LKQ Corporation offers automotive products and services. The Company provides alternative collision replacement parts, recycled engines, transmissions, replacement systems, components, and parts for the repair of automobiles and light, medium, and heavy-duty trucks. LKQ serves customers worldwide. (Bloomberg)
-suggested stop price $54.8 from the TTG MarketWebs
Remember, this is just one type of screen / setup that I focus on in my analysis!
Want to know more about the TTG MarketWebs Indicator? Learn More Here
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