TTG Weekend Macro Video + Proprietary Stock Screen with Charts
Out of the Box MarketWebs Screen
At TTG, I always start with the big picture (macro) first to analyze the overall investment landscape, then drill down to sector / stock analysis (micro)
Here is the TTG weekend macro video
Here is today’s TTG Proprietary Stock Screen using Volume At Price
Quick Takeaway from the scan:
Industrials have been a leading group in ‘23 in terms of breakouts and continue to show the most names on the scan. Electrical component, flow, and measurement companies are really standing out - HUBB AME FLS FTV ROK NVT. Not the most exciting group, but we don’t get to pick the breakouts!
REGN and CAH both had strong earnings last week and are worth watching in the Health Care space. TOST is also on scan and I provided that setup last week. X (US Steel) reported on Friday and the name jumped as many other Steel names are doing post earnings ATI, NUE, STLD… let’s see if X settles in after a strong earnings report. I also included DOX, a name from last week as I said I would buy it on a pull back / digestion, which I did on Friday. Finally, I included ETSY which is a name we went over Friday morning in the TTG Trading room.
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
HUBB Weekly & Daily chart
Hubbell Incorporated manufactures electrical and electronic products for commercial, industrial, utility, and telecommunications markets. The Company's products include plugs, receptacles, connectors, lighting fixtures, high voltage test and measurement equipment, and voice and data signal processing components. (Bloomberg)
-suggested stop price $232 from the TTG MarketWebs
-target previous highs
AME Weekly & Daily chart
AMETEK, Inc. is a global manufacturer of electronic instruments and electromechanical devices. The Company manufactures advanced instruments for process, aerospace, power, and industrial markets and is a supplier of electrical interconnects, specialty metals, technical motors and systems, and floor care and specialty motors. (Bloomberg)
-suggested stop price $145 from the TTG MarketWebs
DOX Daily chart
Amdocs Limited provides product-driven information system solutions to major telecommunications companies in the United States and internationally. The Company provides integrated customer care and billing systems for wireless and wireline network operators and service providers, as well as for companies that offer multiple service packages.
from last week and updated chart:
-ok, this is a bit extended after a good earnings report today but this name showed up on the scan frequently in '22 which was obviously a tough year for IT companies so they are doing something right in a more difficult environment. I would buy this on a pull back.
X Daily chart
United States Steel Corporation operates as an integrated steel producer. The Company manufactures flat-rolled and tubular products with production operations in North America and Europe. United States Steel serves the automotive, appliance, container, industrial machinery, construction, and oil and gas industries.
-suggested stop price $29 from the TTG MarketWebs
5. ETSY Weekly & Daily chart
Etsy, Inc. provides e-commerce services. The Company offers handmade and vintage items, art, and supplies, as well as regular items such as clothing, housewares, paper goods, candles, bags and purses, music, and wood working items. Etsy serves customers worldwide. (Bloomberg)
-suggested stop price $143 from the TTG MarketWebs
Remember, this is just one type of screen / setup that I focus on in my analysis!
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