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Bullish breakout intact for the Invesco China Technology ETF (CQQQ) The bullish breakout for CQQQ remains intact above 51-49 with upside counts to 65 and 74 as well as the 50% and 61.8% retracements of the February 2021 to February 2024 decline at near 68 and 77, respectively. The 38.2% retracement and recent high offer tactical resistance near 58.60 and 61.20, respectively. Chart 1: Invesco China Technology ETF (CQQQ) Chart 2: History repeats, or at least rhymes, for CQQQ Bu

Another chart of interest is AppLovin (APP). AppLovin (APP) corrects after a breakout, so watch key supports AAP shows breakouts above 426 and 525 that project to 650 (achieved) and 850. The weekly upside gap from early September between 537 and 511 provides key support, along with the 525-breakout level. Holding this zone is needed to preserve upside potential to 850 on AAP.  Chart 1: AppLovin (APP) (top) and relative to the S&P 500 (bottom) If APP continues to pullback, wat

Both Broadcom (AVGO) and Advanced Micro Devices (AMD) came up as topics for yesterday's the Charted Line Webinar. We refresh these charts below. Broadcom (AVGO): Bullish consolidation intact above 324-317 AVGO trades within a potential bullish flag pattern. Holding 324-317 (chart support and the rising 13-week moving average) would maintain confidence in this bullish setup. Clearing 356-363 is required to confirm the bullish consolidation for upside potential to 374-381 (prio

CoreWeave (CRWV) broke down below 127-126; potential support: 110 to 100 CRWV gapped lower on October 21, confirming a tactical topping pattern with the breakdown below 127–126. This move establishes downside targets near 110 (the 61.8% retracement) and 100, which aligns with a key chart level and measured downside count. If weakness holds above or within the 110 to 100 zone—and the 26- and 40-day moving averages (both absolute and relative to the S&P 500) retain upward slope

There is some interest in Las Vegas Sands (LVS) Las Vegas Sands (LVS) holds supports to set up rally to resistances LVS dipped to where it needed to - the rising 26-, 40-, and 200-week moving averages (WMAs) near 46.68-45.49 as well as within the 38.2% and 50% retracement zone at 47.40 to 44.11. After testing this support, the stock is set up to rally back to the 2024 and 2025 YTD highs near 55.65-58.05, where an upside break would signal potential to the next resistance at 6

We have highlighted new highs for the volume advance-decline (A-D) lines across the S&P 500, NASDAQ 100, NYSE Composite, and Russell 2000 as a potential bullish leading indicator for new highs on these indices (Oct 21 Charted Market Insights and Oct 15 The Chart Check ). The breadth of volume is strong across market caps, and the volume A-D lines have also hit new highs for both the S&P Mid Cap 400 and the S&P Small Cap 600. Although we would like to see the breadth A-D line

We received an inquiry on Alibaba (BABA). Alibaba (BABA): Watch key supports for post-breakout corrective phase The early September breakouts above 134 and 145 completed a late 2021-late 2025 big base for BABA. This breakout established upside potential toward the 50% and 61.8% retracements of the late 2020–late 2022 decline at 188–189 and 219–220, respectively. BABA reached the 50% retracement target with a rally to 192.67 in early October before entering a corrective phase.

We received a question on tickers NVDA. Nvidia (NVDA): Tactical upside breakout at risk We highlighted Nvidia (NVDA) in Straight from the Chart on October 7 and September 17 following bullish breakouts that projected upside targets to 205 and 220. However, the tactical breakout from the late July–late September bullish consolidation has come under pressure, with NVDA moving below the breakout zone at 184.55–183.30. The stock is now testing its rising 26- and 40-day moving av

Tesla (TSLA): Positive technical setup into earnings Tesla (TSLA) reports quarterly earnings after the close today (10/22). While assessing a stock’s technical setup can be challenging heading into the potential volatility of an earnings event, TSLA’s charts remain constructive on both an absolute and relative basis. TSLA continues to show rising 26- and 40-day moving averages (DMAs) on both its absolute price chart and relative to the S&P 500, confirming a positive near-term

Below is the list of stocks that we have highlighted as bullish in The Stock Pulse . Table 1: List of stocks highlighted as bullish in The Stock Pulse report The table below lists the technical pattern, pattern status, supports, last price, and resistances/targets. Table 2: List of stocks highlighted as bullish in The Stock Pulse  report The table below lists the last price, weekly moving averages (WMAs), last price vs. the WMAs, Trend Score, Trend Score vs. the S&P 500, and

A few subscribers are asking about today's big rally in General Motors (GM). General Motors (GM): Cup and handle breakout targets 76.50 and 80.50 If today's big rally on GM triggers a decisive breakout above the 61 area, it would confirm a November 2024-October 2025 bullish cup and handle pattern that suggests further upside to 76.50 (100% extension) and 80.50 (cup and handle count). The 63-61 zone (61.8% extension and breakout point) offers potential support. Chart 1: Genera

Our latest Charted Market Insights report (10/21) highlighted the potential for lower 30-, 5-, and 2-year Treasury yields. This post focuses on the U.S. 10-year Treasury yield, which has a less decisive technical setup in our view. The 10-year Treasury yield tilts lower but must break 4.00% The U.S. 10-year Treasury yield has had a choppy chart pattern, but one that tilts toward a lower 10-year yield. While the 4.29-4.33% to 4.51% zone remains intact as yield resistance (pric

In our latest installment of Tech Speak 101 , Steve dives into the Arithmetic and Logarithmic Charts — an important element of Technical Analysis used to interpret market moves. He breaks down: The difference between to two charts How to use them Use cases An important case study: Microsoft 📘 Want to read along or take notes?  Download Steve's Arithmetic and Logarithmic Charts reference guide  for a handy overview and key insights.

Tactical sector rankings over the last 10 weeks Growth-oriented sectors — Technology, Communication Services, and Consumer Discretionary — have consistently ranked in the top five over the past 10 weeks, reflecting continued leadership from growth themes. A defensive rotation is emerging, with Utilities and Healthcare moving into the top five. Meanwhile, Cyclicals have struggled. Industrials and Financials fell out of the top five in late September, with Financials holding in

Tactical sentiment generates a bullish climactic signal The 3-month VIX relative to the VIX (VIX3M/VIX) showed tactical fear on last Thursday's (10/16) drop below 1.0. When the near-term VIX spikes above the 3-month VIX, the VIX3M/VIX moves below 1.0 as traders panic about immediate risks. When the ratio flips back above 1.0, this panic subsides, which often marks a tactical buying opportunity. The VIX3M/VIX moved back above 1.0 on Friday (10/17). This tactical panic signal o

Question: Could you refresh the charts on EXPE and COF to see if we should still be in those names? CCL was covered as well, if you have time. Expedia (EXPE): Breakout intact EXPE certainly has struggled of late with bearish weekly shooting star candles, but the bullish breakout from the 2022-2025 big cup and handle basing pattern remains firmly in place above 208-204, which we view as a tactical risk management support. See Chart 1 below. We highlighted EXPE as bullish in ou

We received a request to look at the chart for Berkshire Hathaway (BRK.B). Berkshire Hathaway (BRK.B): At risk for head and shoulders top BRK.B appears to be forming the right shoulder of a potential late 2024–late 2025 head and shoulders (H&S) top, with the pattern remaining in play below 505–508 and the projected channel line near 515. Closes below the cluster deteriorating 13-, 26-, and 40-week moving averages (WMAs) near 488.81-494.65 would increase confidence in the deve

Bank stocks have struggled. KBE’s breakout from its December 2024–August 2025 bullish continuation head and shoulders pattern has failed, putting the ETF at risk of closing below its 26- and 40-week moving averages near 56–55 this week. Key support lies at the shoulder lows (54.42–53.06) and the 38.2%–61.8% Fibonacci retracement zone (55.52–51.25). Holding this area could set the stage for a larger base formation—potentially a new bullish head and shoulders or cup and handle—

Question : Hey Steve, would you consider DELL at these levels or does ORCL look better? Both DELL and ORCL are positive, but we're leaning toward DELL since its recent upside breakout from a bullish consolidation pattern suggests more upside potential than the setups on ORCL. Details below... Dell Technologies (DELL): Bullish breakout targets 193 and 218 DELL has broken out from a mid 2024-late 2025 bullish consolidation pattern. Sustaining the rally above 147-142, which reve

Citigroup (C): 2018-2025 big base breakout projects to 114 and 128 C broke out from its 2018 into 2025 multi-year base during the summer 2025 rally above the 80-85 range. The stock reached 102 to test the 100% extension of the late 2023–early 2025 rally projected from the April low, before easing from the late September peak at 105.59. The big base suggests additional upside to 114 and 128. Pullbacks that hold above the 85-80 breakout zone, which is reinforced by rising 26- a