TTG Proprietary Stock Screen with Charts 1/5/23
Here is tonight’s TTG Proprietary Stock Screen using Volume At Price
Themes:
1. Consumer Discretionary is actually showing some strength.
Not XLY b/c its is heavily weighted towards TSLA and AMZN, but RCD is where the strength is showing up. Note, RCD is now above its 200d MA and outperforming the market (see 2nd chart)
RCD Consumer Discretionary Equally Weighted ETF
RCD vs SPY
Charts of Interest in Consumer Discretionary
TPR - Tapestry
Breaking out and upside target $42.15. I pull back into $38 also can be an entry spot
CPRI - Capri Holdings
Very similar chart here as TPR and also the valuations are both cheap, p/e < 102 in both.
2. Insurance stocks are breaking out all over the place.
ALL - Allstate
HIG - The Hartford Fin Services
3. Materials / Metals / Steel names are strong
ATI - ATI Inc
Fresh break out of its Jan Value Area
SCCO - Southern Copper
Breaking out of recent consolidation
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