TTG Proprietary Stock Screen with Charts 3/4/23 $ES $DE $CAT $FANG $MCD $ANET
Out of the Box MarketWebs Screen
Here is today’s TTG Proprietary Stock Screen using Volume At Price
$ES_F S&P futures Weekly & Daily chart + 1hr chart to help establish short term direction
Weekly Chart: No doubt about it.. the trend of ‘23 remains SIDEWAYS. Price started the year inside the ‘23 Value Area and that is where it currently sits with support / resistance a decent distance away… Given that major support/resistance so far away, I drill down to shorter timeframes for more details / clues on direction.
Daily Chart: Nice rebound towards the end of last week to keep price above the 200d MA. Note price is just below its March Value Area and would be an encouraging sign to see price rally above 4058. To me, this is important that price maintains its sideways range as this generally means some stocks are going up, some are going down, and some sideways (and at TTG we are a pretty good at finding the stocks that are outperforming and going up!).
1hr chart: Will Review this for TTG members as we get our short term direction / pivots from this Value Area.
Charts from Scan:
DE Daily chart
Deere & Company manufactures and distributes a range of agricultural, construction, forestry, and commercial and consumer equipment. The Company supplies replacement parts for its own products and for those of other manufacturers. Deere also provides product and parts financing services. Deere and Company extends its services and products worldwide..(Bloomberg)
-suggested stop price $422.95 from the TTG MarketWebs
CAT Weekly & Daily chart
Caterpillar Inc. designs, manufactures, and markets construction, mining, and forestry machinery. The Company also manufactures engines and other related parts for its equipment, and offers financing and insurance. Caterpillar distributes its products through a worldwide organization of dealers. (Bloomberg)
-suggested stop price $251.38 from the TTG MarketWebs
FANG Daily chart
Diamondback Energy Inc operates as an independent oil and natural gas company currently focused on the acquisition, development, exploration, and exploitation of unconventional, onshore oil, and natural gas reserves in the Permian Basin in West Texas.(Bloomberg)
-suggested stop price $142.79 rom the TTG MarketWebs , upside VPOC target for a short term swing trade $154.22
MCD Weekly & Daily chart
McDonald's Corporation franchises and operates fast food chain. The Company offers various food products and soft drinks, and non alcoholic beverages. McDonald's serves customers worldwide. (Bloomberg)
-suggested stop price $266.36 from the TTG MarketWebs
ANET Weekly & Daily chart
Arista Networks Inc. provides cloud networking solutions for data-centers and computer environments. The Company offers ethernet switches, pass-through cards, transceivers, and enhanced operating systems. Arista Networks also provides host adapter solutions and networking services. Arista Networks markets its products worldwide. (Bloomberg)
-suggested stop price $139.26 from the TTG MarketWebs
Here is how last week’s TTG w/e watchlist finished:
Remember, this is just one type of screen / setup that I focus on in my analysis!
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