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We highlighted that natural gas futures could be the next big breakout in Straight from the Chart on September 30, 2025. Natural Gas futures have been a wild ride since breaking out from a bullish wedge on the move above 3.35 in October 2025. This pattern suggested more upside to 4.76-4.89 (38.2% retracement of the August 2022-February 2024 decline and March 2025 wedge peak), which natural gas tested in November and December, and then to 5.76-6.00 (50% retracement and measu

We recently highlighted in this blog the potential for a bullish breakout in Intel (INTC) above the 51 area, but a disappointing earnings release has since driven the stock lower. We also suggested that 47.00 was an important tactical risk-management (stop) level, which INTC broke. Prior to this bearish turn, both the volume advance decline and on-balance-volume indicators confirmed INTC's rally. The stock tests chart support defined by the December and October 2025 highs in

*** Please see the bottom of this report for important disclaimers and disclosures.*** NDX firms up, MAGS vs. NDX, Dow Theory, and risk-on signals NDX: Firms up but a rally above the 25,762-25,888 needed to confirm a base The NASDAQ 100 (NDX) remains within a potential bullish consolidation pattern that has formed since the early November downside gap. Sustaining the rally above the 13-, 26-, and 40-day moving averages (DMAs) at 25,550-24,461 after bouncing from last Tuesday

Ingersol-Rand (IR) could be forming a year-long base above its rising 200-week moving average (WMA) near 73.00. Cycles often repeat or at least rhyme with the current early 2025 into early 2026 pattern resembling bullish setups from 2022-2023 and 2000. The 13-, 26-, and 40-WMAs are improving in the 81.65 to 80.49 area, and the stock has cleared a tactical resistance at 84.60 to place the on the potential basing pattern neckline at 90.44. If IR can decisively break above this

DT Midstream (DTM) has a bullish breakout and retest pattern from a late 2024 into late 2025 bullish consolidation pattern. Holding the 115.80-114.50 zone keeps this breakout intact. Confirming a December into January bullish flag on a rally above the flag neckline near 121.40 and the early December peak at 122.70 would increase conviction. These positive technical setups suggest upside potential to 139 (bullish flag count) and 145 (bullish consolidation pattern target). Ris

Freeport-McMoRan (FCX) is breaking higher from a 2008 into 2026 big base. This view remains firmly in place as long as the stock stays above or defends the breakout zone from 55 down to 51. Under this scenario, pushing above the 2010 and 2008 peaks at 61.35-63.62 would increase confidence in the 18-year big base for FCX with upside targets near 73 (100% extension of the early 2016 to early 2022 advance projected from the mid 2022 low) and then 103-106 (1161.8% extension and

Silver (XAGUSD) continues to run and has surpassed the upside targets for the "mother of all cup and handle patterns" at 85 and 95. Chart 1: Silver (XAGUSD): Monthly chart with "the mother of all cup and handle patterns" From a tactical perspective, silver has tested an upside target at 108, which is the 100% extension of the rally from the 10/28/2025 low to the 12/29/2025 high projected from the 12/31/2025 low. Staying above this week's opening upside gap at 104.32 to 103.0

*** Please see the bottom of this report for important disclaimers and disclosures.*** Ranks and scores plus XLF, XLB, XLE, XLU, and XLP Tactical Ranks: Cyclicals remain in top five as XLK drops into bottom five The Top Five Tactical Sector Ranks  are Materials (XLB), Energy (XLE), Healthcare (XLV), Industrials (XLI), and Discretionary (XLY). XLY replaced Technology (XLK) in the top five. XLB, XLV, and XLI also have top five 52-week Ranks. The Bottom Five Tactical Sector Ran

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 1/23/2026. Tactical Ranks The Top five Tactical Ranks are Materials, Energy, Healthcare, Industrials, and Discretionary. Cyclicals - Industrials, Materials, Energy - remain in the top five. Two of these sectors - Industrials and Materials - also rank in the top five in terms of the 52-week ranks. Healthcare has shown consistent leadership within t

After a downside gap to start the week, Microsoft (MSFT) rebounded from an intra-week low of 438.68, which was between 50% and 61.8% retracements of the April–July rally at 450 and 425, respectively. However, the recovery failed to produce a bullish weekly candlestick signal. Instead, the weekly chart registered a bearish thrusting line, with the stock closing below the midpoint of the prior week’s down (black) real body. This suggests limited conviction in a tactical low an

We previously highlighted a constructive technical setup for Capital One (COF) pointing to upside beyond 230 and toward a bullish pattern count at 268 ( Straight from the Chart posts dated August 28 and October 17, 2025). Since then, the stock has come under near-term pressure. COF formed a weekly shooting star (week of 1/9), followed by a weekly downside gap (week of 1/16) and has had continued downside follow-through so far this week. Shares are testing the rising 26- and

We highlighted the iShares MSCI Peru ETF (EPU) as bullish in our July 16, 2025 The Stock Pulse . EPU has since melted up, exceeding pattern counts at 72.00 and 84.50. Last week's upside gap at 79.29-78.45 provides a risk management level. Chart 1: iShares MSCI Peru ETF (EPU): Weekly chart Is it time to go "log scale" on EPU? The logarithmic scale chart tells us what is possible on a longer-term basis and shows additional upside potential toward big base pattern counts at 11

The Global X MSCI Argentina ETF (ARGT) is attempting to break out from a November 2025–January 2026 triangle within a broader May 2025–January 2026 basing pattern. The setup remains bullish above 96–95, reinforced by rising 13-, 26-, and 40-day moving averages clustered at 93.64–92.14. A confirmed breakout would target 105.70 (triangle objective) with potential follow-through toward 125 (larger base target). If needed, the January MTD lows at 90.20–89.77 define an additional

*** Please see the bottom of this report for important disclaimers and disclosures.*** New highs expand; bullish setups on IWC, QQQE, EWW, & UAE Russell 2000 volume A-D line hits a new high to confirm the small cap rally The longer-term pattern on the Russell 2000 (IWM) remains bullish with an absolute price breakout from a big base and a relative bottom from the 2025 lows vs. the S&P 500 (SPX) (Jan 13 Charted Market Insights ). Prior to IWM’s rally out of its late 2021-late

Credo Technology Group (CRDO) faces a challenging technical backdrop. The stock developed a broadening trading range from September into December 2025, accompanied by an early December bearish shooting star candle and an upside exhaustion gap. These signals, combined with a potential September 2025–early 2026 relative top versus the S&P 500, suggest a loss of upside momentum. While the lower end of CRDO’s trading range and the 50% retracement of the April–December rally at 1

The latest installment of Tech Speak 101  is now live on the Subscriber Dashboard . In this module, Steve breaks down Fibonacci Extensions —a key technical tool for identifying potential price targets and managing risk once trends are in motion. Be sure to watch the video and download the companion reference guide to apply these insights directly to your charts.

In this installment of Tech Speak 101 , Steve breaks down Fibonacci Extensions  — a foundational tool in Technical Analysis used to identify potential price targets once a trend is underway. He walks through: What Fibonacci Extensions are and how they’re calculated Key extension levels technicians watch most closely How extensions help define upside and downside price targets Real-world chart examples showing extensions in action 📘 Want to go deeper?  Download Steve’s Fibona

The Gap (GAP) is forming a potential basing pattern from early 2024 into early 2026, suggesting a constructive longer-term setup. We maintain confidence in this developing bullish structure while price holds above chart support at 24.78–24.54, which is reinforced by rising 26- and 40-week moving averages near 23.74–23.37. A decisive rally above the neckline zone at 28.58–29.29 would confirm this 2-year bullish consolidation and imply further upside beyond 30.75–31.53 (the Ju

There has been increased subscriber interest in Intel Corp. (INTC) following the stock’s strength this week. From a technical perspective, INTC appears to be breaking out, with bullish confirmation from the volume advance–decline indicator. Sustaining this week’s move above 51.28 (the December 2023 peak) would reinforce the breakout and argue for continued upside. Initial upside potential targets 57.70, which represents the 100% extension of the April–October 2025 rally pro

Constellation Energy (CEG) has invalidated the breakout from the bullish cup-and-handle pattern highlighted in this blog on November 20, 2025, and previously discussed in the September 13, 2025 The Stock Pulse . So now what? The breakdown below the neckline at 352, the early November higher low at 324, and the zone of the rising 13-, 26-, and 40-week moving averages (WMAs) from 326 to 347 invalidates the bullish cup-and-handle setup. Former support has now shifted to resista