TTG Index Charts & Proprietary Stock Screen 5/9/23 $ALKS $WMT $EXAS
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: Price continues to sit inside the May Value Area, indicating indecision Price also looks like we have a broadening formation and have added some dotted blue trendlines
1hr chart: Price also remains inside its Value Area watch 4160.25 resistance
QQQ - NDX - Daily chart: Price -0.5% this morning, but still above its May Value area and for that reason showing relative strength support to watch is $319.7
1hr chart: Price flirted w/ breaking above its Value Area yday , but back inside , resistance to watch remains $323.38
IWM- Russell Small Cap ETF- Daily Chart: Price getting rejected again at the bottom of its Value Area, continue to watch $174.32
1hr chart: Price also remains inside its Value Area for the week
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
ALKS Weekly & Daily chart
Alkermes PLC researches pharmaceuticals. The Company develops treatments for central nervous system disorders such as addiction, schizophrenia and depression, and diabetes. (Bloomberg)
-suggested stop price $29.5 from the TTG MarketWebs
WMT Weekly & Daily chart
Walmart Inc. operates discount stores, supercenters, and neighborhood markets. The Company offers merchandise such as apparel, house wares, small appliances, electronics, musical instruments, books, home improvement, shoes, jewelry, toddler, games, household essentials, pets, pharmaceutical products, party supplies, and automotive tools. Walmart serves customers worldwide. (Bloomberg)
-suggested stop price $151 from the TTG MarketWebs
EXAS Weekly & Daily chart
Exact Sciences Corp., is focused on developing and commercializing a non-invasive molecular screening test for the early detection and prevention of colorectal cancer. The Company's test is a stool-based DNA test that identifies both pre-cancer and cancer by detecting genetic mutations in colorectal cancer cells. (Bloomberg)
-suggested stop price $67 from the TTG MarketWebs
Remember, this is just one type of screen / setup that I focus on in my analysis!
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