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Roblox (RBLX) sets up for a major breakout above its late 2021 new-issue hype high RBLX displays the classic post–new issue price cycle pattern characterized by the following six stages: New issue euphoria : The stock surged into a late 2021 peak following its public debut. Post-hype collapse : A sharp decline unfolded from late 2021 through mid-2022, typical of the post–new issue unwind. Base-building phase : From mid-2022 into late 2024, RBLX established a broad base, refle

Marvell (MRVL) bullish above 85 with potential to 99-100 and 123 MRVL has broken out above the 80 to 85 range. Holding these prior resistances as supports would make the case for additional upside toward 99-100 (100% extension target / measured move) and potentially toward 123 (161.8% extension and pattern count). A double bottom for MRVL relative to the S&P 500 reinforces this bullish outlook. Chart 1: Marvell Technology (MRVL) (top) and relative to the S&P 500 (bottom)

U.S. Treasury Bond Futures Poised for Another Bullish Breakout U.S. Treasury Bond futures are setting up for another upside breakout as the technical backdrop stays firmly bullish. The early September breakout from a 4-month basing pattern remains intact, and the late September pullback provided a healthy retest of the breakout (see our 9/25 blog post) that has carved out a fresh base of support. As long as prices hold above 118'00, the immediate pattern is bullish. A decisiv

A whiff of risk-off from the US high yield option adjusted spread (OAS) The U.S. high yield option-adjusted spread (OAS) has widened from 2.69 on September 22 to 3.18 on October 13—its highest level since late June. This move formed a bearish divergence versus the higher highs in the S&P 500 (SPX) from late September into early October. Sustained or further widening would signal a growing macro risk factor for U.S. equities. Chart 1: S&P 500 and the US high yield OAS

Walmart (WMT) breaking higher from an 8-month bullish cup and handle WMT is on the move. Sustaining this week's rally above 105 would confirm an 8-month bullish cup and handle pattern that favors further upside to 120 (measured move) and then potentially higher toward 130 (pattern count). Rising 13-, 26-, and 40-week moving averages from 101.05 down to 96.79 reinforce chart supports at 99.87 and 95.42, underpinning the bullish setup for WMT. WMT is also breaking out from an

Our latest Charted Market Insights (Oct 12) flagged what we view as last bastion tactical uptrend supports for the S&P 500 (SPX), NASDAQ 100 (NDX), and Russell 2200 (IWM). These mark important risk management levels for the indices to hold in order to ward off non-confirmations (aka bearish divergences) across a variety of indicators. Last bastion tactical uptrend supports are holding so far SPX - 6570-6550 with the rising 40-day moving average at 6579 NDX - 24,186-23,969 wi

Gold achieves its cup and handle target at 4120 Gold has rallied to achieve the log scale chart target for its 12.5-year cup and handle at 4120. Chart 1: Gold: Daily log scale chart Tactical risk management levels: 4024-4022 (Gold 4K) and 3941 Yesterday's upside gap on gold at 4024-4022 (Gold 4K) and tactical chart support in the low 3940s offer key tactical risk management levels for gold. Chart 2: Gold with tactical risk management levels

WTI Crude Oil's bearish flag targets the April-May lows at 55.30-55.12 Our technical view has tilted bearish on WTI Crude Oil futures given weak trends on both the daily and weekly charts. However, choppiness in crude oil has wreaked havoc on these tactical chart setups. After stalling a declining 26- and 40-day moving averages earlier this month, crude oil broke lower from an early October bearish flag to target the April and May lows at 55.30-55.12. The immediate pattern st

Folks are very curious about rare earths stocks. We provide quick technical hits for MP Materials (MP), NioCorp (NB), Energy Fuels (UUUU), and USA Rare Earth (USAR) below. In summary, these stocks have had big rallies but still have upside to longer-term targets on logarithmic scale charts, especially if their critical role in high-growth industries such as electric vehicles, renewable energy, advanced electronics, and defense technologies remains key fundamental drivers of d

Question: Hi Steve - would you buy IBM here? It looks like it pulled back to the uptrend line from September. It's a play on AI and Quantum computing although not as sexy as the other names in the same group. IBM: A breakout from 2012-2024 big base projects to 310 and 325 IBM's late 2024 breakout and retest from a 12-year big base suggests further upside to pattern counts at 310 and 325. Rising 26- and 40-week moving averages (WMAs) near 259-257 underpin this stock's bullish

We got a question on the chart for BBAI. BigBear.ai (BBAI) bullish triangle breakout watch BBAI is forming a bullish triangle base dating back to February. A decisive rally above 8.58–8.80 (61.8% extension, July peak, and last week’s spike high) would confirm the breakout and target 10.36 (Feb high), 11.01 (100% extension), 11.90 (pattern count), and potentially 14.85–14.94 (full pattern count/161.8% extension). Tactical support lies at 7.34–7.09 (chart levels) and 6.45–6.31

We received a question on CoreWeave (CRWV). CRWV: Base-building but stalled late last week on a bearish engulfing pattern The technicals for CRWV show a base-building process from late July. However, a bearish engulfing pattern last Thursday and Friday (10/9 and 10/10) suggests that more time may be needed prior to a definitive breakout from this pattern. The rising 13-day moving average (DMA) near 133.81 is an initial support, but we think that any decline that holds within

The S&P 500 and NASDAQ 100 get spooked by Trump tariff social media post S&P 500 update The S&P 500 (SPX) has moved below first support...

A mid-to-late 1990s-style mega cap melt-up remains intact Secular bull markets reward those stocks with size and scale. The S&P 100 (mega...

Super Micro Computer (SMCI): Improving Within a Developing Triangle Base SMCI has held where it needed to - near the zone of the upward...

We got a question on the massive base for CIENA (CIEN). CIENA (CIEN): A 24-year base in the making? CIEN has rallied to its highest level...

We received an inquiry on SNOW's chart. Snowflake (SNOW): Bullish breakout from a massive base Snowflake (SNOW) is breaking higher from a...

Individual investor sentiment is not yet at complacent or euphoric overbought levels and still has room to run, even as the major U.S....

Question: Accenture (ACN) trying to break out of a downtrend. Positive MACD div + potential dbl bottom + cheap on valuation. potential...

Bitfarms (BITF): Bullish breakout watch from a massive double bottom Bitfarms (BITF), a technology stock operating integrated bitcoin...