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*** Please see the bottom of this report for important disclaimers and disclosures.*** Banks led in January plus key movers: XLC, XLK, GDX, and SIL Tactical Ranks: Cyclicals (XLE, XLB, and XLI) top three as XLK stays in bottom five The Top Five Tactical Sector Ranks  are Energy (XLE), Materials (XLB), Industrials (XLI), Comm Services (XLC), and Staples (XLP). XLE, XLI, and XLC also appear in the top five of the 52-week Ranks. The Bottom Five Tactical Sector Ranks  are Utilit

This post highlights the Tactical  and longer-term 52-week Ranks  for the S&P 500 GICS Level 1 sector ETFs  as of the week ending 1/30/2026. Tactical Ranks The Top five Tactical Ranks are Energy, Materials, Industrials, Communication Services, and Staples Cyclicals - Energy, Materials, Industrials - remain in the top five and took the top three slots last week. Two of these sectors - Energy and Industrials - also rank in the top five in terms of the 52-week ranks. Growth -

*** Please see the bottom of this report for important disclaimers and disclosures.*** As goes January, so goes the year January often provides a barometer for the year The January Barometer is a classic seasonal indicator built on a simple idea: as goes January, so goes the year. Introduced by Yale Hirsch in the Stock Trader’s Almanac  in 1972, it suggests that early-year momentum often carries through the remainder of the calendar year. Data back to 1928 support this tende

We highlighted a long-term constructive setup for Chevron (CVX) in Straight from the Chart on January 5, 2026. Moving into the end of January, CVX is breaking out from an April 2023-January 2026 basing pattern. Sustaining the move above 172.88-168.96, with additional support at 161.00, would keep this breakout intact with upside potential beyond the late 2022 peak at 189.68 toward the basing pattern count at 206. Stepping back and looking at the longer-term weekly chart for

Question: What are your thoughts on VLO here? Company has been reporting good earnings of late and chart starting to look interesting. Thanks Steve Valero Energy (VLO) has a bullish setup overall but could form a bearish engulfing candlestick pattern this week on a close today's below last week's opening price at 184.55. That said, the stock has plenty of support. Key supports: Weekly upside gap from early January from 177 to 166. The rising 13- and 26-week moving averages (

Given today's downside volatility after a massive run-up in silver and gold prices we address both the iShares Silver Trust (SLV)  and the SPDR Gold Shares ETF (GLD) . The big risk:  Both SLV and GLD show climactic volume in the face of potential bearish reversals that warrant proper risk management or at least reduced long exposure to a comfortable sleeping level. Similar to SLV (see prior blog post), the SPDR Gold Shares ETF (GLD) has also reversed lower on what appears to

Given today's downside volatility after a massive run-up in silver and gold prices we address both the iShares Silver Trust (SLV) and the SPDR Gold Shares ETF (GLD) . The big risk: Both SLV and GLD show climactic volume in the face of potential bearish reversals that warrant proper risk management or at least reduced long exposure to a comfortable sleeping level. Earlier this week in Straight from the Chart , we highlighted that the iShares Silver Trust (SLV) remained bull

We got a request for Franklin Resources (BEN) . The company just reported earnings. If BEN can sustain a post-earnings rally above the 26.08-26.25 range, it would confirm an August into early 2026 basing pattern with upside potential to 27.16 (61.8% extension of the April-August 2025 rally projected from the late November low) and then higher toward 30-31 (pattern target and 100% extension). Rising 13-, 26-, and 40-day moving averages (DMAs) from 25.58 down to 24.47, along wi

Our January 6 Straight from the Chart blog post showed a struggling technical pattern for Apple Inc. (AAPL) that with the risk for a tactical head and shoulders (H&S) top that warranted watching risk management supports. AAPL confirmed this H&S top and hit the 244-242 downside target last week prior to a rebound into yesterday's earnings print. See Chart 1 below. Chart 1: Apple Inc. (AAPL) (top) and 14-day RSI (price momentum) (bottom): Daily chart What’s next: Key risk-man

We got a request to update the chart for Roper Technologies (ROP). We flagged a bearish setup for ROP in this blog on January 8, 2026. The stock extended lower from its bearish pennant and has quickly hit the pattern objective at the lows from mid to late 2022 near 370-356. The overall trend remains bearish, but this is a place where investors who are short ROP could take some profits. Chart 1: Roper Technologies (ROP) (top) and relative to the S&P 500 (bottom) Tactical rall

In case you missed it, we highlighted on yesterday's The Charted Line Webinar (January 28, 2026) that WTI Crude Oil futures could sustain a bullish breakout above its declining 200-day moving average and chart resistances in the 62.59-62.20 area. Crude oil closed above this resistance yesterday and has extended higher so far in today's session. If crude oil can sustain this upward thrust, it would place the focus on the 50% retracement of the June into December 2025 at 66.6

Waste Management (WM) has broken out from a September into January head and shoulders (H&S) bottom. This breakout remains intact above the 223 to 219 area, which is key support marked by a confluence of chart levels and daily moving averages (DMAs), and suggests further upside to 233 (100% extension of the early November into early December rally projected from the December low), 237-242 (August-April 2025 highs), and potentially toward 248-249 (161.8% extension and the H&S

We still have plenty of interest in the chart for Corning, Inc. (GLW) . Our December 10, 2025, Straight from the Chart highlighted that the September rally above the 61.8% retracement of the 2000 to 2002 decline at 70.46 increased the potential for a full (100% retracement) of the 2000 to 2002 decline. This suggested that GLW could eventually retest its August-September 2000 peaks at 113.33, which has happened in late January 2026. Chart 1: Corning, Inc. (GLW): Monthly chart

Oklo Inc. (OKLO) broke lower from a mid September into early November head and shoulders top that triggered a continued decline into late December. However, the price action from the late November, late December, and late January lows could be forming a head and shoulders bottom for OKLO. This developing bottoming pattern remains intact while above the shoulder lows at 81.13-79.01, which coincide with the rising 200-day moving average (DMA) near 80. Sustaining today's rally

We highlighted the breakout from a tactical head and shoulders bottom for United States Antimony Corp. (UAMY) in the Straight from the Chart blog on January 8, 2026, citing upside targets at 9.60 (pattern count), 10.22 (38.2% retracement of the October-December decline), and 12.03 (61.8% retracement), with the late October downside gap from 10.27 to 11.45. The stock tested most of these upside targets and stalled just shy of 12.03 prior to forming a bearish engulfing patter

We have some interest in Gilead Sciences (GILD) . GILD is breaking out from a massive basing pattern spanning from mid 2015 into late 2025/early 2026. Holding the 129 to 116 zone (61.8% extension of the mid 2024-early 2025 rally projected from the April 2025 low and the big base breakout/retest zone) would maintain this bullish breakout with upside potential to 151 (100% extension) and then toward 187-190 (161.8% extension and big base pattern target). Rising 13-, 26-, and 4

*** Please see the bottom of this report for important disclaimers and disclosures.*** Three bulls: CME, MDB, and VRT; One vulnerable: MTN Three bullish stocks: CME, MDB, and VRT; One vulnerable stock: MTN CME Group (CME), MongoDB (MDB), and  Vertiv (VRT) show bullish technical patterns, while Vail Resorts (MTN)  remains vulnerable. CME  has a constructive setup with a big-base breakout and bullish H&S pattern targeting 315–330 if resistance near 286–291 is cleared. While a

Lam Research (LRCX) and Micron Technology (MU) remain bullish and have continued to trend higher. Both LRCX and MU have exceeded the upside counts highlighted in Straight from the Chart on December 29, 2025, as upward momentum has continued. We flagged an additional upside target for LRCX at 246 in this blog on January 13, and the stock is approaching that level. Here is an update on Lam Research (LRCX): While above today's upside gap at 228.76-225.35 and the last higher

The Range Global Coal Index ETF (COAL) has broken out from a late 2024 into early 2026 bullish cup and handle pattern. COAL tested and stalled at the 61.8% extension for the rally from the cup low (13.85) to the handle high (24.95) projected from the handle low (20.53) at 27.39, but holding the 26.25 to 24.95 range would keep this breakout firmly in place with further upside potential to 31.63 (100% extension) and then 36.00 (cup and handle pattern count). Rising 13, 26, and

The silver futures–to–gold futures ratio remains bullish for silver after breaking higher from an 11-year base relative to gold in late December. Over the past two months, silver has gone parabolic versus gold, yet the ratio still shows upside potential toward the 61.8% retracement level near 0.225. We would begin to grow concerned about the sustainability of this strong trend if the ratio were to form a spike high and silver started trading erratically relative to gold. Not