TTG Index Charts & Proprietary Stock Screen 5/3/23 $TEX $CAH $ETN
Out of the Box MarketWebs Screen
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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: A change in the technical picture as volatility showed up yesterday and price traveled all the way through the May Value Area and bounced at the bottom of the Value Area 4115 & resistance at 4173.5
1hr chart: Price also broke into the Value Area on the 1hr timeframe and is now inside Value for the week, support is 4100
QQQ - NDX - Daily chart: Price trying to hold that top of May Value Area, watch $319.7
1hr chart: Nice level to watch here, Price holding that 1hr Value Area, watch $319.03 support
IWM- Russell Small Cap ETF- Daily Chart: Price lost the May Value Area yesterday, $174.32 is now resistance
1hr chart: After traveling through this week's Value Area, price is holding that bottom of value area, watch $171
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
TEX Weekly & Daily chart
Terex Corporation is a global manufacturer of lifting and material processing products and services that deliver lifecycle solutions. The Company offers lifecycle solutions to a range of industries, including the construction, manufacturing, transportation, refining, energy, utility, mining industries. Terex provides financial products to assist customers in acquiring equipment. (Bloomberg)
-suggested stop price $46 from the TTG MarketWebs
CAH Weekly & Daily chart
Cardinal Health, Inc. provides complementary products and services to healthcare providers and manufacturers. The Company's services include pharmaceutical distribution, health-care product manufacturing, distribution and consulting services, drug delivery systems development, pharmaceutical packaging, automated dispensing systems manufacturing, and retail pharmacy franchising. (Bloomberg)
-Note earnings this week on 5/4 and may provide a dip to get involved
-suggested stop price $81 from the TTG MarketWebs
ETN Weekly & Daily chart
Eaton Corporation PLC manufactures engineered products for the industrial, vehicle, construction, commercial, and aerospace markets. The Company offers hydraulic products and fluid connectors, electrical power distribution and control equipment, truck drivetrain systems, engine components, and a wide variety of controls. Eaton conducts business worldwide. (Bloomberg)
-nice earnings report from ETN yesterday
-suggested stop price $167 from the TTG MarketWebs
Remember, this is just one type of screen / setup that I focus on in my analysis!
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