TTG Market & Stocks to Watch Recap 5-15-23

Market Recap for May 15th

In this section, Christian from HeartStrabica Trade Group provides a market recap for May 15th. He talks about the themes of the day and how small caps and micro caps led the market.

Stronger Breath in Small Caps

• Small caps and micro caps led the market.

• IWM was up by 1.2% and IWC was also up by 1.2%.

First Few Minutes of Indices Trading

In this section, Christian talks about what happened in the indices during the first few minutes of trading. He discusses the trend on multiple time frames and some interesting setups.

Trend Analysis

• The S&P was up by a little over a quarter percent with resistance at 4,173 and support at 4,115.

• The Q's have been trending above value even with Friday's volatility.

Value Area Analysis

• The value area for last week is still valid until we break out of it.

• The five period moving average comes into play once we begin to trade above or below value areas.

Using Volume at Price Indicator

In this section, Christian talks about using a particular indicator based on volume at price. He explains where to find more information about definitions related to valuaries.

Indicator Usage

• Christian uses an indicator based on volume at price.

• More information about definitions related to valuaries can be found on his pinned tweet on Twitter.

Live Trading Session and Midday Updates

In this section, Christian talks about the live trading session and midday updates. He explains how it is tailored to both full-time traders and part-time traders.

Trading Room

• The live trading session starts just after 9 o'clock in the morning.

• Midday updates are sent out with themes of the day, particular chart setups, and new trades that he got into for the day.

• The midday updates are tailored to both full-time traders and part-time traders who cannot be in the trading room.

Option Activity Review

In this section, Christian reviews a little bit of option activity. He talks about where momentum is happening with some institutions.

Option Activity

• Christian reviews a little bit of option activity.

• He notes where momentum is happening with some institutions.

Market Analysis

In this section, the speaker provides an analysis of the market for the month of May. They discuss support levels to watch and the 50-day moving average.

Support Levels and Moving Averages

• The support level to watch is 174.32.

• The 50-day moving average is important to watch as prices have not come into contact with it since March.

• Sometimes moving averages need to catch up to price action.

• Cues and iwm are trading above value to start the week.

Sector Analysis

In this section, the speaker discusses some sectors in detail.

Performers for Ques

• Only four or five stocks were actually participating in today's performance.

• Team was actually the best performer in cues that was up 7.6 percent.

• Z scalar up five point five percent and then you start to see some Chinese internet names in here jd.com was up six point seven percent right again if they're not going to influence like a jd.com is not going

to influence the queues that much why because it's not a very big weight so it's just it can't do it mathematically um but still these are what the uh biggest performers were.

Semiconductors

• The semiconductors did outperform as they did today.

• SMH had a nice day today up 2.6 percent lamb research this was a name that watched you know and you've just had to basically watch right and be patient with this this closed on its high today up five percent um ultimately I'm looking for this to go to 567 in the short term um again what attracted us

to this name is the weekly chart right this looks like and again it's only Monday so this is a weekly bar we still have four days to go but um this is a nice move so far out of this year's value or something it has not been able to do so far this year and there's another version point of control that you could Target for for a more longer term trade but that would be 597 right and then if you kind of go through this group you know one name I've been watching too is Analog Devices right it's again hasn't been been really doing anything that bad um it's just been kind of hanging out here at the bottom of value um had a nice day today maybe this can begin to kind of um restart to kind of move back to the upside after retaking those short-term moving averages another one that we saw uh call activity on Friday was broadcom um a ticker symbol avgo that moved above its value area again notice all the consolidation here for the last couple months you know that's not a bad thing in my opinion you know consolidating going sideways after a big move it's kind of What markets do sometimes right and it can be very nice once the

the um the trend resumes which it looks like broadcom is trying to do 634 could be your stop in this trade if you like that um also if you go you know we can go through a whole bunch of these but it all seems to kind of look wake up a bit ACLS which is a smaller cap name also did pretty well today.

Market Analysis and Stock Picks

In this section, the speaker discusses various stocks that are showing potential for growth in the market.

Potential Stocks to Watch

• TGLS: Made a nice move today but was not held due to risk perspective.

• IOT: Strong day today, up 6.7%, regained moving averages.

• SKX4: Put in a nice bull pennant and resolved higher.

• Bentley Systems: Fell back into the five-period moving average, gave a nice Hammer bar on Friday and moved back to the upside.

• Palo Alto Networks: Down 3% today but had decent call buying which could indicate a buy-the-dip opportunity.

• Shopify: Settling in, may be worth watching for future trades.

Biotech Group

• The biotech group is trending nicely with strong volume days and holding its trend line.

Tribeca Trade Group

• The speaker mentions their live session at 9:10 AM every morning and provides an updated spreadsheet of their watch list with different setups and triggers based on market webs.