TTG Proprietary Stock Screen with Charts $COP $PCAR $SBUX $AJG $SUM 1/14/23
Out of the Box MarketWebs Screen
Here is today’s TTG Proprietary Stock Screen using Volume At Price
Quick Takeaway from today’s screen:
Continue to to see more companies participating in the rally and moving out of break out areas on multiple timeframes. Remember, I am only showing a few setups from the list here and review more in the TTG Trading Room. For example, I provide a more detailed watchlist every weekend to start the week at TTG, for example, here is how last week’s watchlist performed:
One other development that I find interesting to start the year:
IWC the Micro Cap ETF is +8.1% this year and is leading all other US Cap sizes
IWM Small Caps are a close second +7.3% but I think this speaks to the momentum in the market and overall risk appetite for equities to start the year.
From the TTG Out of the Box MarketWebs Screen, I will show 3-5 chart setups here based on my own preferences but all the companies in the above screen meet the same technical criteria.
COP Daily chart
ConocoPhillips explores for, produces, transports, and markets crude oil, natural gas, natural gas liquids, liquefied natural gas, and bitumen on a worldwide basis.
-also back above its 50d MA which can be used as a stop
- 1st PT $126 VPOC
PCAR Daily & Weekly chart
PACCAR Inc designs, develops, manufactures, and distributes light, medium, and heavy-duty trucks, and related aftermarket distribution of parts. The Company also offers finance and leasing services to its customers and dealers..
-breaking higher out of Moving Average convergence
-CMI has a similar look to it and is also on the screen
-stop $101
-I am long PCAR in my trading account
SBUX Daily chart
Starbucks Corporation is the premier roaster, marketer, and retailer of specialty coffee. The Company offers packaged and single-serve coffees and teas, beverage-related ingredients, and ready-to-drink beverages, as well as produces and sells bottled coffee drinks and a line of ice creams. Starbucks serves customers worldwide.
-starting to move above recent consolidation just above the Jan Value Area
-stop $103
-I am long SBUX in my trading account
AJG Daily chart
Arthur J. Gallagher & Co. and its subsidiaries provide insurance brokerage, risk management, employee benefit, and other related services to clients in the United States and abroad. The Company's principal activity is the negotiation and placement of insurance for its clients. Gallagher also specializes in furnishing risk management services.
-stop $191
SUM Daily & Weekly chart
Summit Materials, Inc. provides construction materials. The Company offers cement, asphalt, ready mix concrete, and other aggregates, as well as delivery, trucking, and paving services. Summit Materials serves customers in the United States.
-stop $30.5
Remember, this is just one type of screen / setup that I focus on in my analysis!
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