Reports

*** Please see the bottom of this report for important disclaimers and disclosures.*** NDX, NYSE, breadth signals, and bullish ETF breakout/retests NDX: Reasserts weekly uptrend; bullish above 25,200-25,150 to 24,890 The NASDAQ 100 (NDX) undercut its key support at the “Trump Tariff Tweet” low near 24,200, but the level bent and did not break. Last week’s close back above the NDX’s rising 13-week moving average (WMA) at 24,890 reasserts the weekly uptrend, establishing the O

*** Please see the bottom of this report for important disclaimers and disclosures.*** Two semis: ASML and TER. Two financials: HAFC and XP Two bullish semis: ASML and TER. Two bullish financials: HAFC and XP Our Straight from the Chart  blog highlighted a bullish breakout and retest pattern for the iShares Semiconductor ETF (SOXX)  as well as positive setups for Advanced Micro Devices (AMD), Applied Materials (AMAT), and Analog Devices (ADI) . We address bullish patterns f

*** Please see the bottom of this report for important disclaimers and disclosures.*** SPX reasserts uptrend, but H&S bottom risk for 30-year yield SPX: Reasserts weekly uptrend on close above 13-WMA with focus on 6900-7000 The S&P 500 (SPX) remains resilient after key support at 6550 bent but did not break, with last week’s close back above its rising 13-week moving average (WMA) near 6706 reasserting the weekly uptrend. This establishes the October and November lows at 655

*** Please see the bottom of this report for important disclaimers and disclosures.*** Ranks plus setups for XLK, XLY, XLC, XLU, and XLV   Tactical Sector Ranks Top Five Tactical Sector Ranks : Healthcare (XLV), Technology (XLK), Utilities (XLU), Communication Services (XLC), and Discretionary (XLY). XLY replaces Energy (XLE) in the top five. XLV, XLK, XLU, and XLC also appear in the top five of the 52-week Ranks. Bottom Five Tactical Sector Ranks : Consumer Staples (XLP), R

*** Please see the bottom of this report for important disclaimers and disclosures.*** December stronger after a lackluster November SPX seasonality scenarios: A lackluster November bodes well for December With a positive hit rate of 73%, December is the month of the year that the S&P 500 (SPX) is most likely to trade higher. The average and median SPX returns for December going back to 1928 are 1.28% and 1.49%, respectively. The SPX was up 0.13% in November 2025 vs. the ave

*** Please see the bottom of this report for important disclaimers and disclosures.*** SPX, NDX, bond bases, CQQQ, GXC, and palladium SPX: The "Trump Tariff Tweet" low near 6550 bent but not break As highlighted in our Straight from the Chart  blog yesterday (11/24), key S&P 500 (SPX) support at the "Trump Tariff Tweet" low near 6550 bent but not break. The rebound from Friday’s low at 6521 establishes 6550-6521 as key support, but to avert the risk of a tactical head and sh

*** Please see the bottom of this report for important disclaimers and disclosures.*** Ranks and rotations plus XLF, IAI, KBE, XLK, and SMH   SPX down last week: Eight sectors outperformed and three sectors positive The S&P 500 (SPX) dropped 1.95% last week, but eight sectors beat the market and three of these sectors rallied. Healthcare was the strongest sector, reaching another 52-week closing basis high on a 1.83% gain for the week. Staples and Communication Services were

*** Please see the bottom of this report for important disclaimers and disclosures.*** Three bulls: ALLE, MMS, and STE. One bear: BSX ALLE, MMS, and STE show big bases as BSX struggles after bearish wedge Allegion (ALLE), Maximus (MMS), and STERIS (STE)  each show constructive long-term technical setups, with ALLE breaking out of a 2021–2025 cup-and-handle base and targeting 195 and 210, MMS strengthening within a multi-year triangle base with breakout potential above 92.50

*** Please see the bottom of this report for important disclaimers and disclosures.*** Equity indices shift to toppy from choppy SPX stalled at broken DMAs to increase H&S top risk and expose key 6550 support The S&P 500 (SPX) gapped higher on today’s (11/20) open following Nvidia’s (NVDA) blowout earnings and guidance after yesterday’s close, but early strength stalled and selling pressure emerged after testing tactical resistance at the broken 13-, 26-, and 40-day moving a

*** Please see the bottom of this report for important disclaimers and disclosures.*** Equity indices shift to toppy from choppy SPX stalled at broken DMAs to expose key support at 6550 The S&P 500 (SPX) gapped higher on today’s open following Nvidia’s (NVDA) blowout earnings and guidance after the close yesterday. However, intra-day strength stalled and selling pressure appeared after testing a tactical resistance zone defined by the broken 13-, 26-, and 40-day moving avera

*** Please see the bottom of this report for important disclaimers and disclosures.*** Three bulls: ASND, AIZ, and BKR. One bear: GFS ASND, AIZ, and BKR have bullish setups as GFS remains vulnerable Ascendis Pharma (ASND) has confirmed a major 2020–2025 base breakout and stays constructive above 187–180, with upside targets at 255 and 295. Assurant (AIZ)  is breaking out from a late 2024–2025 consolidation pattern, which remains firmly in place above 222–220 and favors upsi

*** Please see the bottom of this report for important disclaimers and disclosures.*** XLV and XLE show tactical leadership as XLY struggles   Healthcare and Energy consistent leaders over the last three months   Healthcare and Energy have shown consistent leadership over the last three months, with stronger returns than the S&P 500 (SPX) over the last week, month, and three months. Healthcare reached a 52-week closing basis high and a 13-week relative high last week. Energy

*** Please see the bottom of this report for important disclaimers and disclosures.*** Ominous signals increase risk for deeper pullback SPX: Bearish in-neckline candle pattern provides an overhang entering this week Last Thursday and Friday formed a bearish in-neckline candle pattern on the S&P 500 (SPX) (Nov 17 Straight from the Chart ). This pattern indicates that Friday’s rebound was likely a dead-cat bounce and provides an overhang entering this week. The SPX has also p