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The S&P 500 (SPX) is forming a tactical cup and handle pattern. Continuing to hold the 6800-6770 area would bode well for the developing handle, increasing the potential for the SPX to confirm this bullish pattern on a breakout above resistance and the late October high at 6870-6920. This would favor upside to 7200-7300 into yearend / early 2026. Until then, 6800-6770 (13-, 26-, and 40-day moving averages and chart levels) remains key chart support. If needed, the 6630 level

We highlighted the potential for Generac (GNRC) to break out from a big base in our October 17 The Stock Pulse . GNRC has struggled since then but remains within this base-building (aka bottoming) process dating back to late 2022. The August to November pullback to 137.60 defended the 61.8% retracement of the April to August rally, keeping the potential bullish cup and handle pattern in place. Stability near the 13-, 26-, 40-, and 200-week moving averages from 168 down to 15

Oracle Corp. (ORCL) reports today (12/10) after the close. The stock has rebounded back above its rising 40-week moving average (WMA) after undercutting both the 61.8% retracement of the April–September rally at 205.52 and the late 2024–mid 2025 bullish consolidation breakout zone at 198–192 on the dip into the late November low at 185.63. This 205.52–185.63 area offers support on a disappointing print, but if ORCL can hold the 40-WMA near 213–214, the technical backdrop woul

We received a request on Corning (GLW) , and the stock remains resilient after a failed breakdown in mid November. The September rally above the 61.8% retracement of the 2000 to 2002 decline at 70.46 increases the potential for a full (100% retracement) of the 2000 to 2002 decline. This suggests that GLW could eventually retest its August-September 2000 peaks at 113.33 (Chart 1). See our latest edition of Tech Speak 101 for more on how to use Fibonacci retracement levels. Cha

Market breadth indicators have improved from late November into December with an expansion in new 52-week highs relative to new 52-week lows on both the S&P 500 and the broad-based NYSE Composite (Chart 1 and Chart 2), new highs for the S&P 500 and NYSE stocks volume advance-decline lines (Chart 3 and Chart 4), and a recent new high for the S&P 500 advance-decline line (Chart 5). Chart 1: S&P 500 (top) and the spread between new 52-week highs and new 52-week lows (bottom) Cha

*** Please see the bottom of this report for important disclaimers and disclosures.*** Three bulls: DOCN, HII, and UAL; One bear: AZO Three bullish stocks: DOCN, HII, and UAL; One bearish stock: AZO DigitalOcean (DOCN)  is nearing a major base breakout above 52.20 that would confirm a multi-year bottoming pattern and unlock upside toward 63, 76, and 85–90. Huntington Ingalls (HII)  has broken out of a large early-2024 to late-2025 base and is holding its retest in the 299–28

The U.S. Dollar (USD) is breaking higher again versus the Japanese Yen (JPY) after defending rising 26- and 40-day moving averages near 155.38–154.30 as support. This helped USD/JPY push through a tactical downside line to complete a bullish continuation pattern. The breakout favors upside beyond the late November peak at 157.90 and the January high at 158.88 toward 159.61 (61.8% extension of the 10/17–11/20 rally projected from the 12/5 low), 161 (February–October triangl

We highlighted the potential for a bullish cup and handle breakout for Palladium futures in Straight from the Chart on September 25. In addition, palladium also has a bullish breakout and retest from a big base, which we flagged in our November 25 Charted Market Insights note. Similar to platinum, which we covered in this blog earlier today, palladium is also positioned for a tactical upside breakout. Sustaining a rally above the 1541.50-1566.00 resistance zone would confi

We highlighted a tactical base for platinum futures in our September 24 The Chart Check report. Platinum completed this pattern and achieved the upside counts at 1725-1750 before consolidating lower. This pullback to 1481.20-1489.20 held near the tactical base breakout level at 1511.40, keeping the overall price structure bullish with the potential for another tactical base ahead of continued higher prices for platinum. Platinum futures are forming a mid October into Decemb

*** Please see the bottom of this report for important disclaimers and disclosures.*** Sentiment catch-up trade, risk-on ratios, commodity ETFs The chase is on as individual investors get more bullish Individual investors got more bullish last week in the face of a resilient U.S. equity market. The spread between AAII Bulls and AAII Bears broke higher with plenty of room to run prior to hitting overbought complacent levels. This, as well as positive seasonality for December

We received a request to look at the chart for Alphatec Holdings (ATEC) , a small cap healthcare equipment and supplies stock. Stepping back and examining the monthly chart, shows that ATEC is breaking higher from a 10-year+ big base, which is a longer-term bullish setup. This breakout is firmly intact above 19.14-17.88 (breakout point and last month's low) with room to run to the next resistance zone at 28.80 to 30.40 and upside pattern counts at 32.50 and 37.00. Moving into

NYSE stocks had an opportunity to trigger a bullish breadth thrust, but the Zweig Breadth Thrust indicator fell short of the required 61.5 level as of Friday’s (12/5) close, failing to confirm the signal (Chart 1). Chart 1: NYSE Comp (top) and Breadth Thrust Indicator for NYSE stocks (bottom) The NYSE Composite is confined to a broadening trading range since early October. As the index continues to navigate these choppy tactical waters, the volume advance-decline line for NYS

We highlighted a potential bullish cup and handle on Vertiv Holdings (VRT) in a 9/10 Straight from the Chart post. Since then, VRT has broken out and retested the breakout from the cup and handle formation, which is a bullish setup. The pattern points to upside beyond the recent high at 202.45 toward 218 (100% extension of the rally from the cup low to the handle peak projected from the handle low) and 253 (the measured cup and handle pattern count). The rising 13-week (qua

The 30-year Treasury Bond Yield (TYX) has broken higher from an early September into early December head and shoulders (H&S) bottom (12/2 Charted Market Insights ). The push above the flat 200-day moving average and pattern neckline from 47.71 to 47.85 (4.771%-4.785%) confirms this pattern and suggests a rise in the 30-year yield (drop in bond prices) toward 49.98-50.27 or the 5% area. It would take a move back below 47.85-47.71 to suggest that this is a false break higher.

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

📊 Welcome to the latest installment of TechSpeak 101 ! In this edition, Steve breaks down Fibonacci Retracements —one of the most widely used tools in technical analysis—showing you how these levels help identify potential support, resistance, and turning points in the market. You’ll also get a step-by-step video walkthrough   and  a downloadable reference guide , plus real-life chart examples to help you apply these concepts with confidence.

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