Straight from the Chart

We receive a request to look at the chart for RenaissanceRe Holdings Ltd (RNR) . RNR sets up bullishly and is building a late 2024 into early 2026 base that could mark a bullish continuation pattern within the stock's longer-term uptrend. A decisive breakout above the 285 area would confirm this pattern and suggest upside beyond the late 2024 spike highs at 290.78 and 300 toward the basing pattern count at 350. Until that breakout occurs, the rising 13-, 26-, and 40-week movi

Question: Hey Steve, could you please take a look at CVX? with the geopolitical news on the name what levels would you find keys for the stock? will now still be a good buy LT pending on your outlook? Stepping back and looking at the longer-term weekly chart for Chevron Corp. (CVX) shows a constructive technical backdrop. CVX completed a bullish breakout from a mid 2014 to early 2022 big base, followed by a late 2022 to early 2025 correction that effectively served as a rete

We have received an inquiry on AppLovin (APP) . In summary, the stock tilts bullish within a developing cup and handle formation. APP has corrected lower after stalling near its early October high at 745.61 in late December. Given the stock's intermediate to long-term uptrend as defined by rising 26- and 40-week moving averages at 568 and 485, respectively, this pullback has the potential to form the handle of a late 2025 into early 2026 bullish cup and handle formation. Hol

We have received a few requests for a technical view on Wells Fargo (WFC) . WFC completed a big base dating back to February 2018 on the late 2024 breakout to new all-time highs. The February-April 2025 correction marked a deep retest of this breakout, keeping the overall chart structure constructive. Although the stock enters 2026 well above its big base breakout points near 66 and 60, it is in position to test upside counts at 100 (for the breakout above 60) and potentially

This post highlights the Tactical  and 52-week Ranks  for the S&P 500 GICS Level 1 sector ETFs  as of the week ending 1/2/2026. The Top five Tactical Ranks remain Healthcare, Technology, Industrials, Communication Services, and Materials . Discretionary and Financials dropped out of the top five, replaced by Industrials and Materials. Technology continues to show the most consistent leadership, ranking first or second in each of the last 10 weeks. Healthcare leadership also

Question: Saw your note on SLV 10 days ago, what do you think with this drawdown have we reached a top and looking for a more serious correction before next leg up? Silver came under pressure and corrected this week after a late November into late December melt-up. Similar to Silver futures (Dec 26 Charted Market Insights ), the iShares Silver Trust (SLV) exceeded the upside count for its breakout from a mid October into late November cup and handle pattern near 56 and overs

The iShares MSCI Emerging Markets ex China ETF (EMXC) remains bullish. Holding this week's breakout from a 2-month bullish triangle would continue the advance out of the mid 2021 into mid 2025 big base cup and handle pattern (Jun 16 The Stock Pulse ), which was confirmed on the breakout above the 63.25-63.74 area (Sep 11 The Chart Check ). The cup and handle pattern projects upside to 77 and 82. The 2-month bullish triangle breakout also projects to 77, reinforcing that targ

Fedex (FDX) is a big base breakout candidate for 2026, with the stock trading within a potential early 2021 into 2026 triangle formation. A decisive rally above the 300-314 area (61.8% extension, 2024 peaks, and the May 2021 high) would confirm this big base and suggest further upside to 366 (100% extension) and then toward 472-485 (161.8% extension and triangle pattern count). Until then, rising 13-, 26-, 40-, and 200-week moving averages from 266 down to 239 underpin this

We addressed Infineon Technologies AG - ADR (IFNNY) on our latest The Charted Line webinar (12/30/2025). This semiconductor ADR is positioned to break out from a big base dating back to mid 2022. A decisive rally above 44.46-45.13 would confirm this pattern and set the stage for a stronger advance beyond the late 2021 high 49.99 to 54.40 initially and then higher to 63.00 and 67.50. Until that breakout occurs rising 13-, 26-, and 40-week moving averages (WMAs) from 40.59 do

Taiwan Semiconductor (TSM) is building a bullish consolidation pattern dating back to early October. The immediate setup remains constructive, with a high degree of confidence in this pattern as long as TSM holds above its rising 13-, 26-, and 40-day moving averages near 293.55–291.31. A decisive breakout above the 311–314 resistance zone would confirm this tactical base, opening the door to further upside toward 355. On the downside, additional chart support is evident from

We received a request on Wheaton Precious Metals (WPM) . The stock came under pressure yesterday but remains above its most recent breakout and retest zone from 114.00 down to 111.60. Holding above or near this support keeps WPM’s breakout from an early October–early December bullish consolidation intact with upside potential to 132-135. Rising 26- and 40-day moving averages at 112 and 108 reinforce this constructive tactical setup The key for the bulls is reclaiming yesterda

Question: your thoughts relative to ALB and LIN are very welcome. Thank you In summary, Albemarle (ALB) has had a big rally but there is a case for more upside from a cycle low in April 2025 that resembles prior cycle lows from early 2020, late 2015, early 2009, and early 2000. Linde (LIN) was at risk to break down from a topping process, but the stock undercut/defended its 38.2% retracement of the late 2022-late 2024 rally and rising 200-week moving average on a weekly bul

Our latest The Sector Edge report (12/29) highlighted a potential tactical bullish cup-and-handle pattern for the VanEck Semiconductor ETF (SMH) . Both Micron Technology (MU) and Lam Research (LRCX) have already confirmed this theme with breakouts from their own November–December cup-and-handle formations. In terms of Micron Technology (MU) , holding above the 266–260 support zone—defined by the 61.8% extension of the rally from the cup low to the handle high projected fro

We received a request for a technical read on Nuvalent (NUVL). NUVL has the potential to form a basing pattern dating back to September 2024. Similar to the late 2021 into mid 2023 basing process, NUVL could form a bullish cup and handle. The stock has eased from its late November peak at 112.88 (potential handle high), and holding the 90.97 to 77.44 range (38.2% to 61.8% retracements of the rally from the cup low to the handle high) would increase confidence that NUVL is bui

We have some interest in Moderna (MRNA) , which may be forming a bottoming pattern dating back to early April 2025. A sharp rally for MRNA from late November tested the July peak at 35.59 in late December prior to a tactical dip. The key for maintaining confidence in MRNA's potential bottoming process is holding the 30.70 to 27.48 zone, which marks the 38.2% and 61.8% retracements of the November 21 to December 22 rally. The 38.2% retracement at 30.70 coincides with the risin

We received a question on Robinhood Markets (HOOD) . The logarithmic chart remains bullish with a breakout from a mid 2022 into mid 2025 big base on the move above 66-67 that projects HOOD toward 600 on a longer-term basis. The arithmetic chart breakout counted into the mid 120s, which stock achieved in late September prior to extending higher to 153.86 into early October. HOOD has since consolidated lower within its longer-term bullish trend. From a risk-management perspecti

Solid breadth market breadth remains a key theme across most of the important U.S. equity indices. The broad-based S&P 1500 Index , which includes the S&P 500 (large caps), S&P 400 (mid caps), and S&P 600 (small caps), has reached new all-time highs into mid and late December. Market breadth as measured by the advance-decline (A-D) lines provided both a leading and confirming indicator for these new highs. Volume leads price. The S&P 1500 volume A-D line broke out to a new

WTI Crude Oil futures have rallied after testing big support, but declining daily moving averages and tactical retracement levels act as potential resistances within a downward trend, keeping the risk tilted to the downside even in the face of recent tactical strength. Here are the details. Crude oil defended the April and May lows at 55.30-55.12 as support after an undercut to 54.98 in mid December and have since rallied into the 58-handle, where declining 26- and 40-day mov

Question: Please provide support and resistance levels and any comments for AFRM (Affirm Holdings Inc.) Affirm Holdings (AFRM) is carving out a potential base dating back to late September. The lower end of this developing bottom is holding near the rising 200-day moving average at 65.17, reinforcing the stock’s longer-term uptrend. A decisive breakout above neckline resistance at 78.98–79.38 would confirm the pattern and suggest upside to 92.55-93.20 (September highs) and t

Although the S&P 500 (SPX) advance-decline (A-D) line eased slightly yesterday, new highs for this important market breadth indicator from late November into late December suggest broad-based participation and provide a bullish leading indicator for new highs on the SPX. This increases the potential for the index to rally to new highs and confirm its tactical bullish cup and handle from late October, targeting 7200-7300. See the December 19 The Chart Check report for more d