Top 25 Tickers Event- AI-Generated Summary -June 16, 2026

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AI-Generated Content Notice

This summary is generated using artificial intelligence based on a transcript of the Charted Line webinar. While we strive for accuracy, we do not guarantee the completeness, accuracy, or reliability of the information presented. Please refer to the full webinar recording and original materials for complete context.

Executive Summary

The dominant theme across the Top 25 Tickers event was that many market leaders remain in established uptrends, but several have transitioned from aggressive accumulation opportunities into risk-management situations after reaching major technical objectives. Steve remained constructive on names such as NVDA, AMZN, ANET, LLY, GOOGL, CRDO, IJR, ETN, COST and APH, while maintaining a more cautious stance on PLTR, AVGO, XOM, CIEN and CRWD. Several names that have delivered exceptional gains are now entering consolidation or corrective phases where risk management becomes increasingly important. 

Top 5 Actionable Takeaways

1. Leadership remains intact, but momentum has narrowed.

NVIDIA, Alphabet, Arista Networks and several technology leaders remain in bullish trends, although some are no longer the momentum names they once were. 

2. Several former leaders have moved into risk-management mode.

Applied Materials and AMD have largely achieved their projected objectives. Steve's focus has shifted from buying to managing existing positions. 

3. Caution remains warranted in select technology names.

Palantir, Broadcom, CrowdStrike and Ciena all show technical deterioration or corrective characteristics that warrant a more defensive posture. 

4. Small caps and emerging markets remain important themes.

Steve continues to view both emerging markets and small caps positively and believes the longer-term breakout structures remain intact. 

5. Rotation opportunities continue to emerge.

Industrials, defense, healthcare and select commodity-related areas continue to offer opportunities despite the market's rotational nature. 

Detailed Ticker Reference

1. NVDA — NVIDIA

Technical Bias: Bullish, but no longer a momentum stock

Support

• 190–202 

• Rising 13-, 26-, and 40-week moving averages 

Targets

• 241 

• 260 

• 289 

Risk Management

• Hold support in the 190s 

Steve's Bottom Line: The breakout has struggled to hold and the stock has moved back into its prior range. While NVDA is no longer exhibiting classic momentum characteristics, Steve remains bullish as long as support in the 190s remains intact.

2. AMZN — Amazon

Technical Bias: Bullish

Support

• 247–227 

Targets

• 260 

• 278 

• 293 

• 322 

Risk Management

• Hold support in the 220s–240s 

Steve's Bottom Line: Amazon continues to trend higher despite a history of failed breakouts. Steve remains constructive while support holds.

3. ANET — Arista Networks

Technical Bias: Bullish

Support

• 153–141 

Resistance

• 174–180 

Targets

• 199 

• 220 

Risk Management

• Maintain support above 153–141 

Steve's Bottom Line: The chart remains constructive with a developing triangle pattern. A breakout above resistance could support a move toward 199 and potentially 220.

4. LLY — Eli Lilly

Technical Bias: Bullish

Support

• 1,000 area 

Resistance

• 1,165 

Target

• 1,360 

Risk Management

• Hold support near 1,000 

Steve's Bottom Line: Healthcare remains challenging, but Lilly continues to stand out positively. Steve would hold positions and add on weakness.

5. AMAT — Applied Materials

Technical Bias: Positive Trend / Risk Management Mode

Risk Levels

• 569 

• 521.62 

Technical Notes

• Has exceeded virtually every upside objective. 

• Becoming increasingly parabolic. 

Steve's Bottom Line: "It's a hold, not a new money buy."

6. CIEN — Ciena

Technical Bias: Corrective

Support

• 412 

• 394 

• 343 

• 273 

Risk Management

• Tactical risk-management trigger already activated. 

Technical Notes

• First close below the 13-week moving average since April 2025. 

Steve's Bottom Line: Appears to be entering a corrective phase after a massive rally. Steve favors reducing risk.

7. CRWD — CrowdStrike

Technical Bias: Corrective

Support

• 616–564 

Resistance

• 720–742 gap 

Prior Target

• 791 

Risk Management

• Gap resistance remains important. 

Steve's Bottom Line: The earnings gap and island reversal leave the stock in correction mode.

8. PANW — Palo Alto Networks

Technical Bias: Constructive

Support

• 240–220 

Target

• 302–310 

Risk Management

• Buy weakness, not strength. 

Steve's Bottom Line: Hold existing positions and consider adding on pullbacks.

9. PLTR — Palantir

Technical Bias: Bearish

Support

• 125–120 

Resistance

• 139–158 

• 162–164 

Additional Downside Levels

• 111 

• 78 

• 66–67 

Steve's Bottom Line: Steve explicitly called this a bearish chart. The stock must reclaim 162–164 to improve meaningfully.

10. AMD — Advanced Micro Devices

Technical Bias: Bullish Trend / Risk Management Mode

Risk Level

• 485 

Technical Notes

• Has achieved nearly every upside objective. 

Steve's Bottom Line: Focus on managing gains rather than initiating new positions.

11. AMGN — Amgen

Technical Bias: Bullish

Support

• 348–335 

• 330–316 

Targets

• 385–391 

• 395 

• 442 

Risk Management

• Watch 359–360. 

Steve's Bottom Line: Bullish while support holds despite mixed signals and potential head-and-shoulders concerns.

12. AVGO — Broadcom

Technical Bias: Bearish / Neutral

Support

• 362–359 

• 353–352 

Technical Concerns

• Declining relative strength 

• Weakening volume 

• Bearish engulfing pattern 

Steve's Bottom Line: "Neutral at best, bearish at worst."

13. COST — Costco

Technical Bias: Bullish

Support

• 960–936 

Resistance

• 1,067–1,096 

Targets

• 1,188 

• 1,250–1,280 

• 1,344 

Technical Notes

• Potential cup-and-handle pattern. 

Steve's Bottom Line: A breakout above resistance would strengthen the bullish case considerably.

14. ETN — Eaton

Technical Bias: Bullish

Support

• 375 

Resistance

• 416–422 

Target

• 479–480 

Technical Notes

• Constructive triangle pattern. 

Steve's Bottom Line: One of the more attractive industrial setups discussed.

15. F — Ford

Technical Bias: Buy-the-Dip Setup

Support

• 14.44 

• 13.65 

Resistance

• 15.23 

• 15.48 

Technical Notes

• Orderly decline 

• Defending key moving averages 

Steve's Bottom Line: The dividend allows investors to get paid to wait while the setup develops.

16. LHX — L3Harris Technologies

Technical Bias: Neutral

Support

• 280–265 

Resistance

• 315–317 

Technical Notes

• Possible bearish flag 

Steve's Bottom Line: Stand aside and wait for a clearer signal.

17. XOM — ExxonMobil

Technical Bias: Bearish Near-Term

Resistance

• 142–145 

Support

• 135 

• 129 

• 126 

Long-Term Target

• 185–202 

Technical Notes

• Correction mode 

• Energy weakness tied to crude oil decline 

Steve's Bottom Line: Near-term bearish, but the 135–126 zone may provide a more attractive long-term entry.

18. GOOGL — Alphabet Class A

Technical Bias: Bullish

Support

• 349–340 

• 336–315 

Targets

• 427–430 

• 480–482 

Steve's Bottom Line: One of the stronger MAG7 charts. Bullish while support in the 340s holds.

19. GOOG — Alphabet Class C

Technical Bias: Bullish

Support

• 350–340 

• 334–315 

Targets

• 425–430 

• 470s 

Steve's Bottom Line: Very similar setup to GOOGL with constructive trend characteristics.

20. EEM — Emerging Markets ETF

Technical Bias: Bullish Secular Breakout

Targets

• 77 

• 93 

Risk Management

• 66.22 

• 63.84 

Technical Notes

• Compared to the S&P 500's 2013 breakout. 

Steve's Bottom Line: Emerging markets remain one of STS's favored themes.

21. CRDO — Credo Technology

Technical Bias: Bullish

Support

• 213–198 

Targets

• 312 

• 340 

Technical Notes

• Breakout retest remains constructive. 

Steve's Bottom Line: Bullish while support holds.

22. IJR — iShares Core S&P Small-Cap ETF

Technical Bias: Bullish

Support

• 135–132 

Targets

• 150 

• 160–163 

Technical Notes

• Positive relative trend 

• Positive volume structure 

Steve's Bottom Line: Small caps remain an important theme in STS work.

23. SLV — Silver ETF

Technical Bias: Constructive / Bullish

Support

• 60.37 

• 57.65 

• 55.96 

Key Tactical Level

• 62.40 

Targets

• 67.23 

• 71 

Steve's Bottom Line: Constructive, but additional evidence is needed before declaring a sustained breakout.

24. MU — Micron

Technical Bias: Bullish

Support

• 1,000 

Critical Risk Level

• 938 

Target

• 1,289 

Technical Notes

• Bullish continuation gap remains intact. 

Steve's Bottom Line: Positive while above 1,000 and significantly less constructive below 938.

25. OIH — VanEck Oil Services ETF

Technical Bias: Bullish

Support

• 370s 

• 360s 

• 348 

Targets

• 480s 

• 600 

Technical Notes

• Seven-year base breakout 

Steve's Bottom Line: Steve remains positive despite energy sector weakness.

26. APH — Amphenol

Technical Bias: Bullish (Lower Conviction)

Breakout Level

• 154–155 

Support

• 141–137 

Target

• 190 

Technical Notes

• Improving relative strength 

• Volume confirmation still needed 

Steve's Bottom Line: The breakout is positive, but conviction would increase if volume better confirmed the move.

Overall Themes

Most Constructive Charts

NVDA, AMZN, ANET, LLY, COST, ETN, GOOGL/GOOG, CRDO, IJR, APH

Risk Management / Hold Positions

AMAT, AMD, PANW, AMGN

Corrective / Cautionary Charts

CIEN, CRWD, PLTR, AVGO, XOM, LHX

Key Strategic Themes

• Emerging markets remain a favored secular theme. 

• Small caps continue to improve. 

• Several former leaders have transitioned from accumulation opportunities into risk-management situations. 

• Energy remains challenged near term, but longer-term setups remain intact in select areas. 

• Risk management remains critical after the strong advances many names have already experienced.

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