Straight from the Chart

This post highlights the Tactical  and longer-term 52-week Ranks  for the S&P 500 GICS Level 1 sector ETFs  as of the week ending 1/16/2026. The Top five Tactical Ranks are Industrials, Materials, Energy, Healthcare, and Technology. Discretionary dropped out of the top five, replaced by Energy. The top three sectors - Industrials, Materials, Energy - suggest a rotation to tactical leadership from cyclicals. Two of these sectors - Industrials and Materials - also rank in the

The Global X MSCI Columbia ETF (COLO) has achieved a bullish breakout and retest from double bottom of its 2020 and 2023 lows. While there is tactical support at 38.20, this positive setup remains in place above 35.40 with upside potential to 46-46.60 (2018 peak and the 38.2% retracement of the 2010 to 2020 decline) and then higher to 53-56 (double bottom pattern count and 50% retracement). Rising 13-, 26-, and 40-week moving averages from 36.89 down to 32.45 reinforce this

Meta Platforms (META) remains vulnerable on both an absolute price basis and relative to the S&P 500. While below 691 to 711, the bearish breakdown from a July into August head and shoulders top remains intact with risk back to the late November low at 581.25 and potentially lower toward the 496 (100% extension of the August-November decline projected from the December peak) and 479.80 (April 2025 low). Deteriorating 13-, 26-, and 40-week moving averages from 648 up to 696 r

There is interest in the chart for Target (TGT) , which is a name we have been watching for bottoming signs. TGT could achieve a breakout from an April 2025 into January 2026 tactical bottom on a close above 108.90 this week. If this happens, the stock could see a stronger rally to the key retracement levels for the April 2024 into November 2025 decline at 121.03 (38.2%), 132.65 (50%), and 144.26 (61.8%), with a test of the declining 200-week moving average at 139 not ruled

We received a request to review ServiceNow (NOW) , which we highlighted as a bearish chart setup in The Stock Pulse report on November 7, 2025. NOW has achieved and exceeded downside projections at the rising 200-week moving average (WMA) and April 2025 low at 139.64-135.72 but remains bearish until proven otherwise. Where's support? There is some support at the May 2024 low at 127.60 but sustaining this week's move below the 200-WMA, April 2025 low, and 61.8% retracement o

Question: Steve- can you take a look at the charts of CCJ and URA? Thanks The Global X Uranium ETF (URA)  completed a large base spanning from 2014 through 2025, which initially favored further strength toward 55–56, aligning with the 38.2% retracement of the 2011–2020 decline and the base pattern count. Importantly, URA successfully defended its rising 26- and 40-week moving averages on the late-2025 pullback to 39.95, reinforcing the bullish intermediate-term structure. Wit

Question: Can you look at CRWV again? I'm wondering if you think it could be forming a head and shoulders bottom. CoreWeave (CRWV) has gapped higher today with the potential to break out from a November into January bottoming pattern. Holding the gap at 94.25-93.18 would keep the immediate pattern bullish with upside potential to the pattern count at 118 and potentially beyond to the August and October 2025 peaks in the low 140s to upper 140s/low 150s. Big upside volume days

We got a question on the chart for Astera Labs (ALAB). ALAB is building a November 2025 into January 2026 ascending triangle bottoming pattern within the stock's longer-term uptrend as defined by its rising 200-day moving day moving average at 138.54. Defending the zone of rising 13-, 26-, and 40-day moving averages from 168.66 down to 158.91 would keep the immediate pattern constructive within this developing bullish triangle with the potential for a breakout above the patt

We received a request to revisit Compania de Minas Buenaventura S.A.A. (BVN) and Sociedad Quimica y Minera de Chile SA (SQM) . We flagged a big base breakout for BVN on the move above 18.84.17.90 with upside potential to pattern counts and retracement levels near 24 and 30 in Straight from the Chart on September 11, 2025. BVN has since exceeded these targets with the 61.8% retracement of the 2010-2016 decline the next target at 36.61. Above this level, BVN does not have mu

Boeing (BA) is building a potential early 2020 into early 2026 big base. Continued closes above the rising 13-, 26-, and 40-week moving averages from 216 down to 209 would maintain a constructive view within this 6-year bottoming process for BA. If needed, additional chart support comes from the 188 to 176 areas, with the 200-week moving average at 188.59. The catalyst to confirm the 2020-2026 triangle pattern as a big base for BA is a decisive breakout above the 233.85 to 2

Bitcoin (BTC/USD) has defended its weekly Ichimoku cloud support since late November (December 3 Straight from the Chart ) and is breaking out from a late November into mid January ascending triangle bottoming pattern. Chart 1: Bitcoin (BTC/USD): Weekly Ichimoku cloud chart Sustaining the rally above 94,640 would confirm a late November-January ascending triangle bottom that suggests further tactical upside to pattern counts at 104,500 and 108,000 with the declining 200-day

Question: Does KSS (Kohl's) have a flag formation, and if so, when would we know if it is valid? I think it's worth around $30/sh fundamentally. After a high volume upside gap in late November, Kohl's (KSS) may indeed be forming a December into January bullish flag pattern. To validate this positive setup, KSS must regain the rising 40-day moving average at 21.13 and the flag downtrend line near 22.00, preferably on higher volume. A push above the last tactical lower high a

We received a request to look at Royce Small Cap Trust (RVT) , a closed end fund with diversified small cap exposure and an income component. RVT is attempting a breakout from a large base that has been forming since mid-2022. A decisive move above 16.93 would confirm this bullish pattern and open upside potential toward the 2021 highs in the 19.57–20.00 area and potentially higher to the base pattern count at 22.00. Until then, holding the 16.50 to 15.85 support zone, along

Williams-Sonoma (WSM) is positioned to break out from an early 2025 into early 2026 bullish cup and handle. A decisive rally above 210-220 would confirm this pattern and suggest upside potential to 250 (100% extension of the rally from the cup low to handle high projected from the handle low) and then higher to 290-300 (cup and handle pattern count and 161.8% extension). Until that breakout occurs, the immediate pattern for WSM remains bullish above the 197-194 range. Rising

We have received some requests for an update on Lam Research (LRCX). LRCX has rallied sharply from the bullish consolidation pattern highlighted in this blog on December 29, 2025. The stock has surpassed the 204.00-208.91 range, which is the cup and handle pattern target and a 161.8% extension. What now? If long LRCX, it might make sense to lighten up and/or raise stops since the stock has met and exceeded its upside targets. The low of the 1/9 big candle at 202.72 (200 area)

We have some interest in United Rentals (URI) given the stock's pullback from mid October. URI remains bullish. The stock has defended its rising 26- and 40-week moving averages, which currently sit near 892 and 829, respectively, as well as the 50% retracement of the April-October 2025 rally at 773.69, on the late November probe down to 769.88. These levels remain key supports for URI. After a perfectly normal 50% retracement, URI is positioned for an extension higher, espe

The NYSE stocks advance-decline line has a bearish divergence from late July into late December but is improving in early 2026. A breakout to new highs is required to confirm the strong rally on the NYSE Composite. In our view, a developing bullish head and shoulders pattern supports the case for this breadth indicator to continue to strengthen and confirm the rally. Chart 1: NYSE Composite (top) and NYSE stocks advance-decline line (bottom) The NYSE issues advance-decline li

Question: Can you please take a look at LULU as a possible bottoming play. Looks like it might be turning the corner if it can clear $226. Lululemon (LULU) looks tactically bullish on a pullback after completing a September into December island bottom pattern. This bullish island reversal has several features: A high-volume downside gap on September 5 A period of sideways price action on lower volume from early September into early December A high-volume upside price gap on

We got a request to look at the chart for Intuitive Machines (LUNR) . This small cap aerospace and defense stock broke out from a March-December 2025 tactical base on the move above 14.48-13.70 (now key support) to target 21 (pattern count) and the January 2025 peak at 24.95. If LUNR can decisively break out above 24.95, it would confirm a larger bottoming pattern dating back to early 2023 with upside potential into the 43 to 48 range. LUNR may also be building a 2023-2026 ba

The VanEck Semiconductor ETF (SMH) broke higher from the bullish cup and handle pattern highlighted in our December 29, 2025, The Sector Edge . This bullish breakout remains firmly intact above 375-372, and SMH still has upside potential to the patten counts at 398 and 430. SMH remains within strong absolute and relative price trends with new absolute price highs confirmed by relative price highs as well as by maximum positive absolute and relative trend scores trend scores.