TTG Proprietary Stock Screen with Charts $ARKK short/ $AFL $TRV $ACM $MNST $SNPS 1/24/23

Out of the Box MarketWebs Screen

Here is today’s TTG Proprietary Stock Screen using Volume At Price

Quick Takeaway from today:

Earnings are in focus this week, especially as the Fed speakers are in their quiet period ahead of next weeks FOMC on 2/1. MSFT had a post market reversal after they provided soft guidance. Will this begin to sour the growth space? We don’t know yet, but we do know that MSFT has not been leading performance for some time now…so it may be less impactful to the leaders… here is the MSFT vs QQQ chart.

Even though it has been underperforming it may still affect the QQQs which are up a mighty 8.6% ytd. On the higher end of growth, we have the ARKK ETF (Innovation) +22% ytd… and I think it make sense to have a plan if we see a change in momentum in an area that is overbought in the short term.

For example, I would look to short or hedge my long portfolio if ARKK drops back into its Jan Value Area < $36.18. Also note that TSLA is 8% of this ETF and reports post close tomorrow.

Let’s move on to stocks / groups showing leadership!

Financials have the highest # of companies on today’s scan. In particular, Insurance co’s after TRV (Traverler’s) beat sales estimates today. Co’s in the Insurance group on today’s scan are AON AFL CB TRV. Industrials also showed up with 5 companies ACM AME WAB ZTO JBHT.

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

1. AFL Daily chart

Aflac, Inc. is a general business holding company. The Company, through its subsidiaries, provides supplemental insurance to individuals in the United States and Japan. Aflac's products include accident and disability, cancer expense, short-term disability, sickness and hospital indemnity, hospital intensive care, and fixed-benefit dental plans. (Bloomberg)

-stop price $71

2. TRV Daily chart

The Travelers Companies, Inc. operates as an insurance company. The Company provides commercial and personal property and casualty insurance products and services to businesses, government units, associations, and individuals. (Bloomberg)

-stop $189

3. ACM Daily chart

AECOM provides professional technical services to the United States government, state, local, and non-U.S. governments and agencies, and commercial customers. The Company's services include consulting, planning, architecture, engineering, construction management, project management, asset management, environmental services, and design-build services. (Bloomberg)

-stop $85

4. MNST Daily chart

Monster Beverage Corporation operates as a holding company. The Company, through its subsidiaries, markets and distributes energy drinks. Monster Beverage serves customers worldwide. (Bloomberg)

-stop $101.5

5. SNPS Weekly & Daily chart

Synopsys, Inc. supplies electronic design automation solutions to the global electronics market. The Company provides design technologies to creators of advanced integrated circuits, electronic systems, and systems on a chip. Synopsys also provides consulting services and support to its customers to streamline the overall design process and accelerate time to market. (Bloomberg)

-stop $340

Remember, this is just one type of screen / setup that I focus on in my analysis!

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