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A few subscribers are looking for an update on IBM, which we last featured in this blog on October 13th. IBM achieves the target for its 2012-2024 big base at 310 and 325, but... IBM's late 2024 breakout and retest from a 12-year big base targeted pattern counts at 310 and 325, a zone which IBM tested earlier this week. Rising 26- and 40-week moving averages (WMAs) near 269-161 continue to underpin this stock's bullish setup. IBM has shown market leadership versus the S&P 500

The Hindenburg Omen: A warning sign for market instability but not always bearish Wow! What a colorful name! The Hindenburg Omen is one of those technical signals that always catches the attention of investors. This ominous signal is not direct forecast of a market crash, but it’s a warning that the market’s internal structure is breaking down, even if the major indexes still look healthy on the surface. The Hindenburg Omen has flashed six times so far in October, with the la

USD/JPY: Breaks out again - holding 153.28 targets 156.50-157.20 next We highlighted a bullish breakout from the February–October triangle base for USD/JPY in Straight from the Chart on October 8. After a deep retest of that breakout, the pair formed a tactical bullish consolidation, setting the stage for another move higher. Sustaining a push above 153.28 confirms this renewed bullish setup and favors further upside toward 156.50–157.20 (chart resistance and tactical breako

Question: Please provide support and resistance levels for META (FaceBook); possible entry points to build a position for future upside. Meta Platforms (META): Post-earnings gap lower targets low 600s META gapped sharply lower after earnings, confirming a breakdown from a July–October head and shoulders (H&S) top. The H&S top neckline offers resistance near 690-692, with the breakdown valid below that level. However, today's high-volume downside gap from 672.00 to 742.51 rein

Question: I was looking at trimming my position for GOOG and was trying to see what prices would be a good time to do that. Can you please share your thoughts on GOOG please? Alphabet (GOOGL): Post-earnings gap up with upside counts at 292-297 GOOGL reported earnings yesterday (10/29) and is indicated higher pre-open. The stock has already exceeded upside projections at 264 (100% extension level) and 273 (target for the breakout above 207) and shows additional upside potentia

Netflix (NFLX): Bullish Setup Broken NFLX has lost its bullish setup after last week’s earnings. The stock had been forming a bullish wedge above its rising 40-week moving average (WMA), but it closed below this key trend gauge (near 1126.64) and risks another close beneath it this week. This transition — from price above to price below a rising WMA — shifts NFLX from "bullish" to "bullish at risk", which suggests reducing long exposure. Price and WMA Framework Bullish: Risin

We just highlighted technically attractive setups for Australia, Brazil, Ireland, and Mexico ETFs in our latest The Stock Pulse report (10/29). Below is a table of the country and regional ETFs that we have favored in recent research reports and in the Straight from the Chart blog. Table 1: Country and regional ETFs with weekly MAs and Trend Scores

Question: Hey Steve, with XLV and the healthcare sector that we looked at last week…UNH being one of the main names your thoughts on it after so much noise? Thank you UnitedHealth (UNH): Stalls at declining 40-WMA, posing tactical risk UNH has rallied over 60% from its summer 2025 low but has stalled this week after testing its declining 40-week moving average (WMA) near 379-380. We view this as a tactical risk for UNH. If UNH stays above support near 327-326, the breakout fr

Both Gold and Silver futures have pulled back but are defending nearby supports within tactical uptrends as defined by rising 26- and 40-day moving averages. Gold futures defend a 38.2% retracement and rising 40-day moving average The pullback from the October 20 high of 4398 on gold futures has defended support at the 38.2% retracement of the May-October rally at 3911 and the rising 40-day moving average (DMA) also at 3911. It is early in today's session, but closing above y

Our latest Charted Market Insights (Oct 28) highlighted bullish setups for Emerging Markets (EEM) relative to the S&P 500 (SPY) and MSCI EAFE (EFA). Fitting with this theme, the iShares JP Morgan USD Emerging Markets Bond ETF (EMB) shows a bullish risk-on trend versus the iShares Core U.S. Aggregate Bond ETF (AGG). EMB bullish relative to AGG: Breakouts provide risk-on confirmation The iShares JP Morgan USD Emerging Markets Bond ETF (EMB) shows a bullish risk-on trend versus

Booz Allen Hamilton (BAH): Bearish continuation pattern targets 78 and 72 BAH has struggled. Relative weakness triggered breakdowns vs. the S&P 500 in June and September that provided a bearish leading indicator for an absolute price breakdown from a March into October bearish continuation pattern. This bearish breakdown remains intact below the 99-101 area and projects deeper weakness on BAH to 78 and 72. Declining 13-, 26-, and 40-week moving averages 101.74, 105.64, and 10

We just published our Oct 28th Charted Market Insights report, which features update charts on views on the S&P 500 and NASDAQ 100, but what about the Dow Jones Industrial Average (DJI)? The Dow Industrial Average (DJI): Record highs with 48,600-49,000 next target The DJI broke to new record highs, completing a bullish consolidation pattern from early October. While above the 47,000-46,750 area (breakout point and 61.8% extension), this tactical breakout remains in place wit

Question: ZM has become the talk of the town....breakout? Zoom Video (ZM) has improved and builds a 3-year bottom ZM is showing signs of a bullish reversal, having reclaimed and held above its key weekly moving averages (13-, 26-, 40-, and 200-week) clustered in the 81.24–78.72 range. The higher low at 77.76 reinforces this improving setup. A decisive breakout above 87.67–89.67 would confirm a late 2024–late 2025 base, setting up upside targets at 102 (measured move) and 112

We received a question on ticker RKT. Rocket Companies (RKT): Potential bullish cup and handle pattern RKT is building a mid 2024 to late 2024 bullish cup and handle formation. Holding chart support and rising 26- and 40-week moving averages (WMAs) from 16.10 to 15.17 would bode well for the formation of the handle. Weekly closes above the 13-WMA at 18.49 would strengthen bullish conviction, while a decisive breakout above 21.28–22.68 would confirm the pattern and open upside

We just published our latest The Sector Edge report for October 27, 2025. Below we look at trends for Tactical Ranks for the sector ETFs. A look at sector ETF Tactical Ranks over the last 10 weeks Growth sectors consistently in the top five Technology has ranked 1st or 2nd Communication Services has ranked 1st to 3rd Discretionary has ranked 2nd to 5th Positive defensive shift for Utilities and Healthcare Utilities in the top five over the last five weeks - up from 8th in la

Apple Inc. (AAPL): Breakout from December 2024-October 2025 base targets $325 AAPL gapped higher on its weekly chart this week, breaking above key resistance near 260. This represents a potential breakout from a December 2024-October 2025 bullish consolidation pattern that sets the stage for a rally into the low 300s, with an upside count to 325. Staying above the weekly gap zone near 255-253 would suggest a bullish breakaway gap, confirming the pattern breakout. The most rec

Subscribers are interested in aluminum stocks. We posted on Century Aluminum (CENX) earlier today. Below we highlight the technical setup for Kaiser Aluminum (KALU). Kaiser Aluminum (KALU): Big base breakout watch KALU could be setting up for a breakout from a big base. The resistance zone to watch is 97 to 105.06, which are chart levels and the 61.8% retracement of the May 2021 to April 2025 downtrend. Clearing this level would suggest further upside to a measured move at 12

We got a question on the Nu Holdings (NU) chart. Nu Holdings (NU): Bullish 2024-2025 basing patterns target 19.00 and 23.25 NU has broken out from a November 2024–August 2025 basing pattern with the move above 14.00 establishing an initial upside target near 19.00. While holding above support at 14.56–14.00, a breakout above 16.15–16.43 would confirm an even larger base from late 2024 and open the way toward 23.25. Rising 13-, 26-, and 40-week moving averages at 14.59, 13.60,

We received a question on Century Aluminum (CENX). Century Aluminum (CENX): Big base breakout potential CENX is approaching a key inflection zone, with a decisive move above 30.36–31.75 (chart resistance and the 38.2% retracement) poised to confirm a 17-year big base breakout. Such a breakout would establish upside potential toward 40.80 (50% retracement), 50.17 (61.8% retracement), and 57 (pattern count). Until that occurs, holding above support at 25.39–24.98 keeps the base

We receive a question on Ethereum (ETH/USD). Ethereum (ETH/USD): A deep retest of its bullish triangle breakout ETH/USD is undergoing a deep retest of its breakout from the large November 2021–August 2025 base triangle pattern, currently holding near the 38.2% retracement (3591) of the April–August 2025 rally. A sustained recovery back above the still-rising 13-week moving average (WMA) at 4215 is required to suggest a successful retest and preserve the integrity of the bulli