TTG Index Charts & Proprietary Stock Screen 5/10/23
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: Not much to add here re the price action as price remains locked inside the May Value Area, note we have CPI this morning which could be a catalyst for some volatility (see expectations below). One area of concern is breadth continue to get worse (see NYSI below) & that is concerning.
1hr chart: price also remains inside Value for the week
CPI Expectations
$NYSI McClellan Summation Index
QQQ - NDX - Daily chart: Price flat heading into CPI & remains above the May Value area, continue to watch $174.32
1hr chart: Price now firmly inside its Value Area for week
IWM- Russell Small Cap ETF- Daily Chart: Price just below the May Value Area, watch $174.32 resistance
1hr chart: Price also remains inside its Value Area for the week, watch $175 resistance
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
FNV Daily chart
Franco-Nevada Corporation is a resource royalty and investment company. The Company owns a diversified portfolio of precious and base metal royalties, oil and natural gas royalties and other interests, including assets in production, under development or in the exploration phase mostly located in geopolitically secure countries. (Bloomberg)
-suggested stop price $155 from the TTG MarketWebs
CRM Weekly & Daily chart
Salesforce, Inc. operates as a cloud-based software company. The Company develops customer relationship management software and applications focused on sales, customer service, marketing automation, analytics, and application development. Salesforce serves customers worldwide. (Bloomberg)
-note CRM was a TTG #bullish setup provided to members over the weekend (also sent out on twitter)
-suggested stop price $199 from the TTG MarketWebs
VNT Daily chart
Vontier Corporation operates as an industrial technology company. The Company offers environmental sensors, fueling equipment, field payment hardware, remote management and workflow software, vehicle tracking, and fleet management software solutions. Vontier serves customers worldwide. (Bloomberg)
-suggested stop price $26 from the TTG MarketWebs
Remember, this is just one type of screen / setup that I focus on in my analysis!
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