Straight from the Chart

This post highlights the Tactical Ranks for the S&P 500 GICS level 1 sector ETFs. The Top Five Tactical Ranks are Technology, Healthcare, Communication Services, Consumer Discretionary, and Energy. The Growth sectors (Technology, Communication Services, and Discretionary) dominate the top five. Technology reclaims the top spot from Healthcare and is the only sector with a consistent top five ranking over the last 10 weeks. Utilities drop out of the top five, replaced by Ener

The iShares China Large Cap ETF (FXI) has a bullish breakout and retest pattern from a 2022 into 2025 cup and handle formation. Holding the zone of the rising 26- and 40-week moving averages (WMAs) from 38.78 down to 37.50, along with the breakout and retest area at 38.15-37.50, would keep the pattern bullish for FXI. The cup and handle pattern supports the case for upside beyond the 61.8% retracement of the February 2021 to January 2024 decline at 41.66 and the early Octobe

We received a blog question on J.B. Hunt Transportation Services (JBHT) . We highlighted this stock as bearish in the 7/31 The Stock Pulse , and it dropped initially after breaking lower from a rising wedge prior to improving and invalidating the bearish setup in mid October. JBHT gapped up in mid October to confirm a March-October basing pattern. The breakout and retest of the 158-157 zone solidified this bullish setup to target the 185 to 192.50 area, which JBHT is testing

Breakout and retest patterns are everywhere. D-Wave Quantum (QBTS), IionQ (IONQ), and Rigetti Computing (RGTI) are three quantum computing stocks that exhibit this bullish setup and show plenty of upside potential on their logarithmic scale charts. D-Wave Quantum (QBTS) is a software stock that is defending its rising 26- and 40-week moving averages (WMAs) from 22.35 to 18.13 as support along with the May-September triangle breakout point near 19.77. This sets up a bullish

This blog recently highlighted bullish setups for Aluminum futures, Century Aluminum (CENX),  and Kaiser Aluminum (KALU) . Following a subscriber request, we took a closer look at Alcoa Corp. (AA) , another name in the aluminum group that shows improving technicals. Alcoa Corp. (AA) is carving out a potential double bottom from its October 2023 and April 2025 lows. The recent breakout from a late-October to late-November bullish wedge has carried the stock above its declinin

Energy Fuels (UUUU) and NioCorp Developments (NB) are two rare earths stock setting up for bullish breakout and retest patterns that would support the case for further upside. Energy Fuels (UUUU)  has retested the breakout from a massive 2021-2025 big base. Continuing to hold the 11.85 to 11.18 area would keep this breakout firmly in place with upside potential back to the mid October peak at 27.33 and potentially beyond to 40.00 (pattern count) and 48.00 (log scale measure

Palantir Technologies (PLTR) has struggled after failing to hold its late October breakout from an August-October bullish cup and handle (11/4, 9/26, and 9/11 Straight from the Chart posts). Even so, the weekly uptrend has bent but not broken, with PLTR holding above the rising 26-week moving average (WMA) at 164 and projected rising channel support near 155. A sustained move back above the rising 13-WMA near 176–177 is the next hurdle to reassert the uptrend and open initi

We got an inquiry on Reddit Inc. (RDDT) . RDDT is building a potential base off its October and November lows. While above the improving 13-, 26-, and 40-day moving averages near 204-201, with developing chart support from 199 to 189, this bottoming pattern remains in place, increasing the potential for a bullish breakout. A decisive rally above 230-231 would confirm this bottom formation and favor upside to 282 (mid September high) and 288 (pattern count). RDDT also shows bo

We received a question on Marvell Technology (MRVL) . The stock gapped up on expanding volume and broke out after Tuesday's (12/2) earnings release. While above 98.13 (breakout level) and 95.79 to 93.85 (12/3 upside gap), the pattern is bullish with the potential for upside to a measured move at 110.30 and then back toward the early 2025 to late 2024 peaks near 121.81-127.48. Rising 13-, 26-, and 40-day moving averages from 88.43 to 86.61 reinforce this bullish setup. MRVL br

Walmart (WMT) has regained momentum after initially struggling with its mid-October breakout from a bullish cup and handle pattern, ultimately defending its rising weekly moving averages (WMAs) throughout November before pushing to new highs in early December. This resilience contrasts with Amazon (AMZN) , which has stalled following its own late-October cup and handle breakout. However, if AMZN can continue to hold its zone of rising WMAs, its setup could begin to resemble W

Across major cryptocurrencies, such as Bitcoin, Ethereum, and Ripple , the weekly Ichimoku cloud span has emerged as the key battleground support for trend direction. Bitcoin (BTC/USD) corrected from 126,296 down to 80,760 to test the 38.2% retracement of the November 2022 to October 2025 rally at 83,990 prior to a tactical bounce. Notably, the lows of the last two weeks have defended the 38.2% retracement. If this tactical rally continues, Bitcoin could test 98,155 (38.2% o

November 2025 delivered a muted 0.13% return for the S&P 500, but—as highlighted in our November 28 The Chart Check —a soft November historically sets the stage for an even stronger-than-usual December. This Straight from the Chart post expands on the 2025 December seasonality playbook across several historical scenarios. In summary, multiple seasonality frameworks point to a constructive December for equities and a rising probability of the S&P 500 approaching 7000+ into ye

Cross asset technicals show that the U.S. Dollar Index (DXY) is at risk to break lower from a tactical double top from its November highs at 100.36-100.40. If the U.S. Treasury market was to see a tactical rise in bond and note yields, one would think that the DXY would be stronger in terms of classic interest rate parity. However, the recent weakening of the DXY suggests that interest rates should be contained in our view, increasing the potential that the 30-year U.S. Trea

On the back of yesterday's blog post on the bullish breakout and retest pattern for the iShares Semiconductor ETF (SOXX) , we highlight the chart setups for Advanced Micro Devices (AMD), Applied Materials (AMAT), and Analog Devices (ADI). Advanced Micro Devices (AMD) rallied and recently tested its 100% extension target at 259 prior to a dip back to the rising 13-week moving average near 208 and the upper end of a big upside gap near 203. This pullback held above the early O

Aluminum futures defended the breakout from the 2022-2025 big base highlighted in our Oct 28 Charted Market Insights note. This has solidified the breakout and retest zone at 2700-2670 as key support and favors upside for aluminum to 3024 (50% retracement of the March 2022-August 2023 decline) initially and then higher toward 3185-3246 (pattern counts and 61.8% retracement). In our view, this should bode well for Century Aluminum (CENX) and Kaiser Aluminum (KALU). Chart 1:

The iShares Semiconductor ETF (SOXX) has a bullish breakout and retest pattern that supports the case for upside beyond the late October high at 312.79 toward the mid 2024 into mid to late 2025 big base pattern counts at 333 and 386. Continuing to hold the breakout and retest zone at 267-260 would keep this bullish setup in place. Last week's close above the rising 13-week (quarterly) moving average (WMA) at 283 has refresh the bullish trend for SOXX, and the rising 26-WMA a

The KraneShares CSI China Internet ETF (KWEB) looks bullish on a retest of the breakout from its October 2024-August 2025 triangle and rising 26- and 40-week moving averages (WMAs) from 37.62 down to 36.20 on last week's undercut to 35.90. Continuing to hold the 37.62 to 35.90 zone would keep KWEB bullish with upside potential toward 48.50 (triangle target) and 50.72 (38.2% retracement of the February 2021 into October 2022 decline). Reclaiming the 13-WMA at 39.52 (also the

We highlighted ResMed (RMD) as a bullish setup in the October 8 edition of The Stock Pulse , but the stock has since failed to hold the neckline of its bullish head-and-shoulders breakout. The late-October breakdown below 262 negated that pattern (see Chart 1). However, a big basing pattern remains possible despite this failed breakout, and this potential base looks even bigger than the one previously highlighted. Key Support: Fibonacci Retracement Zone RMD dipped below its r

Below we provide a sneak peek of our S&P 500 GICs level 1 sector ranks. Top Five Tactical Ranks: Healthcare, Technology, Utilities, Communication Services, and Discretionary Since the U.S. equity market has had plenty of sector rotation in recent weeks, only Technology and Utilities are consistent top five sector over the last 10 weeks Bottom Five Tactical Ranks : Staples, Real Estate, Materials, Financials, and Industrials. The bottom five tactical ranks have been more cons

Similar to silver futures (see recent Straight from the Chart posts), copper futures are also breaking higher today. If copper futures sustain today's (11/28) rally above 5.28-5.26, it would confirm an early October into late November bullish continuation pattern with upside potential to 5.63-5.70. The 5.16-5.13 area (November 13 high and today's session low) offers support if copper struggles with this potential bullish breakout. Rising 13-, 26-, and 40-day moving averages