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Question: What is your read on SN chart? Are we at a potential breakout point near 120-122? Thanks Steve SharkNinja (SN) is building an early 2025 into early 2026 cup and handle pattern. A decisive breakout above the 121.81-123.00 to 128.51 area is the catalyst needed to confirm this bullish setup and suggest further upside to 151 (100% extension of the rally from the cup low (60.50) to the handle high (128.51) projected from the handle low (83.12)) and 183 (cup and handle p

While today's (1/9/2026) The Chart Check report highlighted the risk of a head and shoulders top for the Magnificent Seven ETF (MAGS) relative to both the S&P 500 (SPY) and S&P 500 Equal Weight (RSP), the chart pattern and technical setup for Alphabet (GOOGL ) remains solid. We last covered GOOGL in this blog on October 30, 2025. The stock achieved the tactical targets at 292-297 and is approaching a longer-term projection at 161.8% extension level near 340. Unlike the MAGS

Subscribers have asked about Citigroup (C), JPMorgan (JPM), and Stifel Financial (SF) . We last highlighted Citigroup (C) in Straight from the Chart on October 16, 2025, and suggested that a big base breakout favors upside on the stock to 114 and 128. C has achieved the 144 area and is closing in on the 128 area. C remains within its leadership trend relative to the S&P 500 that began in late 2023. Chart 1: Citigroup (C) (top) and relative to the S&P 500 (bottom) The daily

We received a question on Estee Lauder (EL) , which we have been monitoring as a Staples stock that is bucking the sector’s broader technical weakness We view absolute price strength confirmed by rising relative strength versus the S&P 500 as bullish , and EL enters 2026 with both absolute and relative breakouts from a mid-2024 into late-2025/early-2026 bottoming pattern. Holding the 104–100 support zone, reinforced by the rising 13-week WMA, would keep the breakout firmly in

*** Please see the bottom of this report for important disclaimers and disclosures.*** Mag 7 struggles, mid-caps strengthen, and silver tilts bullish Magnificent Seven (MAGS) breaks lower from H&S tops vs. SPY and RSP The Roundhill Magnificent Seven ETF (MAGS) peaked versus the SPDR S&P 500 ETF (SPY) in late October and has since broken down from a mid September into late December head and shoulders (H&S) top. In addition, MAGS has also confirmed a similar H&S top relative t

We received a request to update the technicals for Alibaba (BABA) , which we last covered in our Straight from the Chart blog on November 11, 2025. In summary, BABA has the potential to confirm a bullish breakout and retest pattern that is similar to the bullish setups on both the Invesco China Technology (CQQQ) and SPDR S&P China (GXC) ETFs. BABA has corrected lower from early October to retest the breakout from an early 2022 into late 2025 big base pattern. This corrective

Question: Can I get your view on ROP chart... pretty sure what your response will be but always helpful to have the chart view and your thoughts. Thanks Steve. Roper Technologies (ROP) lost its leadership status relative to the S&P 500 (SPX) after topping out versus the broader U.S. equity market in late 2023. A December 2023-April 2025 relative price bearish divergence followed by an August 2025 breakdown vs. the SPX preceded the breakdown from a late 2023 into late 2025 ab

2026 is the mid-term year and the weakest year of the 4-year U.S. Presidential Cycle for the S&P 500 (SPX). In our view, the Chicago Fed National Financial Conditions Index (NFCI) is an important macro indicator to watch in 2026. Table 1: S&P 500 returns during the Presidential Cycle and all years: 1928-2025 The Chicago Fed National Financial Conditions Index (NFCI) turned lower from mid-2021, creating a major negative divergence for U.S. equities entering the last mid-term

W e received a question on United States Antimony (UAMY). UAMY is an American rare earths / critical minerals stock that is breaking higher from a late November 2025 into January 2026 head and shoulders (H&S) bottoming pattern with bullish confirmation from both the volume advance decline and on balance volume indicators. Sustaining the break above the H&S bottom neckline at 6.95 would keep the immediate pattern bullish with upside potential to the pattern count at 9.60 and

*** Please see the bottom of this report for important disclaimers and disclosures.*** Three bulls: APTV, HLT, and MCO; One vulnerable: GPN Three bullish stocks: APTV, HLT, and MCO; One vulnerable stock: GPN Aptiv (APTV), Hilton (HLT), and  Moody’s (MCO) show bullish technical patterns, while Global Payments (GPN)  remains vulnerable. APTV is building a late-2023 to early-2026 bottoming pattern, with a breakout above 88.80–91.66 needed to confirm upside toward 98.23, 114.0

We have some interest in Amazon (AMZN) . We recently highlighted AMZN in Straight from Chart on December 3 and compared its chart pattern to that of Walmart (WMT) . We suggested that if AMZN can continue to hold its zone of rising WMAs, its setup would resemble WMT’s choppy bullish turn higher out of its cup and handle pattern. In our view, this bullish shift appears to be happening for AMZN entering 2026. Amazon (AMZN)  broke out from a bullish January–October cup and handl

Question: Can I get your thoughts on the HD chart? Thanks Steve Home Depot (HD) has a challenging chart pattern in our view. Taking a step back and looking at the monthly chart reveals a big topping pattern for HD relative to the S&P 500 (SPX) that provides a major risk for the absolute price chart. In addition, HD broke below its 40-month moving average versus the SPX in February 2023 and has remained below that longer-term moving average ever since. The stock's absolute pr

The S&P 500 reached a new all-time high yesterday (1/6/2026). The spread between 52-week highs and 52-week lows moved to a cycle high at 54 to confirmed both this new high and the rally from the April 2025 low. Ideally, the spread between new highs vs. new lows continues to improve with room to run to levels achieved on the rally from late 2023 into early 2025 in the 95 to 124 range. Chart 1: S&P 500 (top) and the spread between 52-week highs and 52-week lows with the 10-day

Question: Can you look at the India market? We highlighted that both the iShares India ETF (INDA) and the Wisdom Tree India Earnings Fund (EPI) were setting up for bullish breakouts in our October 28, 2025, Charted Market Insights . Since then, INDA and EPI have made little progress, but these basing patterns remain intact with the potential for upside breakouts in early 2026. The iShares India ETF (INDA) is building a late 2024 into early 2026 basing pattern within its lo

Question: Any chance I can get a look at an AAPL chart? Is 260 level a firm support level? We flagged Apple (AAPL) in Straight from the Chart on October 24, citing a gap up and break out above 260 that confirmed a late 2024-late 2025 basing pattern with upside potential to 325. However, AAPL has not had much follow-through after this breakout and has lost leadership relative to the S&P 500 (SPX) since late November. In addition, AAPL shows risk from a late October into earl

Question: Could you please take a look at DG? Dollar General (DG) is bullish and has broken out on both an absolute price basis and relative to the S&P 500 (SPX). The rally above 117.95 completed an August 2024-December 2025 basing pattern, which was confirmed by a similar breakout for DG vs. the SPX. The absolute price breakout has surpassed 126.95 (61.8% extension of the January-August 2025 rally projected from the early November low) to test the next target area at 141.22

We receive a request to look at the chart for RenaissanceRe Holdings Ltd (RNR) . RNR sets up bullishly and is building a late 2024 into early 2026 base that could mark a bullish continuation pattern within the stock's longer-term uptrend. A decisive breakout above the 285 area would confirm this pattern and suggest upside beyond the late 2024 spike highs at 290.78 and 300 toward the basing pattern count at 350. Until that breakout occurs, the rising 13-, 26-, and 40-week movi

*** Please see the bottom of this report for important disclaimers and disclosures.*** SPX plus breadth, RSP, IWM, Dow Theory, and seasonality SPX: Solid breadth indicators support the case for higher highs The S&P 500 (SPX) remains in an uptrend and continues to trade within a potential bullish consolidation pattern. While a decisive price breakout has so far been elusive, underlying market breadth remains solid. Strength in the SPX advance-decline line, volume advance-decl

Question: Hey Steve, could you please take a look at CVX? with the geopolitical news on the name what levels would you find keys for the stock? will now still be a good buy LT pending on your outlook? Stepping back and looking at the longer-term weekly chart for Chevron Corp. (CVX) shows a constructive technical backdrop. CVX completed a bullish breakout from a mid 2014 to early 2022 big base, followed by a late 2022 to early 2025 correction that effectively served as a rete

We have received an inquiry on AppLovin (APP) . In summary, the stock tilts bullish within a developing cup and handle formation. APP has corrected lower after stalling near its early October high at 745.61 in late December. Given the stock's intermediate to long-term uptrend as defined by rising 26- and 40-week moving averages at 568 and 485, respectively, this pullback has the potential to form the handle of a late 2025 into early 2026 bullish cup and handle formation. Hol