TTG Proprietary Stock Screen with Charts 3/28/23
Out of the Box MarketWebs Screen
Here is today’s TTG Proprietary Stock Screen using Volume At Price
Today’s Market / Macro Commentary
Quick Takeaway from the scan:
A low number of names breaking out of their range on three timeframes (that are not extended on any timeframe). Consumer Staples has the most amount of companies on today’s list at seven. So, the list remains fairly defensive in sector distribution.
What I am watching as we wrap up the quarter and start a new month is for breadth expansion both in the number of names showing up on the scan and can visually see this in the $NYSI McClellan Summation Index with a crossover with its 10d MA (not yet!)
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
MSI Weekly & Daily chart
Motorola Solutions, Inc. is a data communications and telecommunications equipment provider. The Company develops data capture, wireless, infrastructure, bar code scanning, two-way radios, and wireless broadband networks. Motorola also produces public safety and government products, voice and data communications products and systems, and wireless LAN securities. (Bloomberg)
-suggested stop price $270 from the TTG MarketWebs
MCD Weekly & Daily chart
McDonald's Corporation franchises and operates McDonald's restaurants, which serve a locally relevant menu of quality food and beverages in communities across some 120 countries. The company has over 40,000 restaurants at the end of 2021. The popular chain is well-known for its Big Macs, Quarter Pounders, McDonald's Fries, McFlurry desserts and Chicken McNuggets. The company's main market includes Australia, Canada, France, Germany, Italy, the Netherlands, Russia, Spain and the U.K. More than half of revenues are generated outside the US.(Bloomberg)
-suggested stop price $271 from the TTG MarketWebs
ORCL Weekly & Daily chart
Oracle Corporation supplies software for enterprise information management. The Company offers databases and relational servers, application development and decision support tools, and enterprise business applications. Oracle's software runs on network computers, personal digital assistants, set-top devices, PCs, workstations, minicomputers, mainframes, and massively parallel computers. (Bloomberg)
-suggested stop price $87 from the TTG MarketWebs
Remember, this is just one type of screen / setup that I focus on in my analysis!
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