ASML, CBRL, CCJ, CENX, CRM, DELL, DLR, DOCU, DRI, EQIX, TTWO, VST, WMT.
| ASML ASML Holding NV ADR ($690.15) - Semiconductors - ASML fell Monday to break a double bottom at $712 before dropping to $672 intraday. This 1 for 5'er moved to a negative trend in September and sits in the lower third of the semiconductors sector RS matrix. The technical picture is weak and deteriorating. Further support can be seen at $648 with overhead resistance seen initially at $784. Note that earnings are expected on 1/29. |
| CBRL Cracker Barrel Old Country Store, Inc. ($61.49) - Restaurants - CRBL broke a double top at $63 for a fifth consecutive buy signal. The stock is a 3 for 5'er that ranks 4th (out of 29) in the Restaurants sector matrix and is accompanied a yield of 1.7%. Okay to consider here on the breakout. Initial support lies at $58, while additional lies in the mid to lower $50s. |
| CCJ Cameco Corporation ($47.51) - Metals Non Ferrous - CCJ fell more than 15% on Monday, giving a sell signal and falling to a negative trend when it broke a double bottom at $48. The negative trend change will drop CCJ to a still acceptable 3 for 5'er. However, given the magnitude of Monday's drop, CCJ's technical attribute rating could see further deterioration. From here, the stock shows no additional support on its chart until $36, more than 20% from Monday's close. |
| CENX Century Aluminum Co ($16.70) - Metals Non Ferrous - CENX was down 15% on Monday and gave a sell signal when it broke a triple bottom at $17. At this point, the technical outlook for CENX remains positive as it has an acceptable 3 for 5 technical attribute rating and ranks in the top quintile of the non-ferrous metals sector matrix. However, given the size of Monday's decline, CENX's TA rating and its rank in the sector matrix could fall in the short-term. From here, the next level of support is the stock's bullish support line, which currently sits at $17. |
| CRM Salesforce Inc. ($347.10) - Software - CRM moved higher Monday to break a double top at $348 before reaching $352 intraday. This 5 for 5'er moved to a positive trend in September and sits in the top third of the favored software sector RS matrix. The weight of the technical evidence is favorable and improving again. Initial support can be seen at $326 with overhead resistance seen at $364 and $368. |
| DELL Dell Technologies Inc Class C ($103.84) - Computers - DELL dropped Monday to break a double bottom at $106 before falling to $102 intraday. This also moved the stock to a negative trend and demotes it to a 2 for 5 TA rating. The technical picture is weak and deteriorating. The stock is at support from September. Overhead resistance may be seen at $120. |
| DLR Digital Realty Trust, Inc. ($164.74) - Real Estate - Shares of DLR fell Monday to break a double bottom at $170, moving to a sell signal. Digital Realty also violated its bullish support line, bringing it to a negative trend while taking it down to a 2 for 5’er. DLR has also been on a market RS sell signal since 2021, indicating a lack of long-term relative strength. From here, initial support lies at $156, with additional support in the $16 to $128 range. Look to potentially cut loose on a reversal out of washed out territory. |
| DOCU DocuSign, Inc. ($92.26) - Software - DOCU pushed higher Monday to break a double top at $94, notching a second consecutive buy signal. This 5 for 5'er moved to a positive trend in August and sits in the top quintile of the favored software sector RS matrix. The weight of the technical evidence is favorable and improving. Initial support can be seen at $89 with further support at $88. |
| DRI Darden Restaurants, Inc. ($191.58) - Restaurants - DRI broke a triple top at $190 as the stock rallied to a new all-time high at $192. The stock is a 5 for 5'er that ranks within the top third of the Restaurants sector matrix and is accompanied by a yield north of 3%. Okay to consider here on the breakout or on a pullback to the mid $180s. Initial support lies at $180, while the bullish support line resides at $168. |
| EQIX Equinix, Inc. ($900.10) - Real Estate - Shares of EXS broke a double bottom at $880 to move to a sell signal. The 4 for 5’er remains in a positive trend with its bullish support line at $816, but movement below there would bring its trend back to negative. EQIX remains ok to hold, but watch for signs of additional weakness, such as a change in trend. From here, support lies at $768 and then $736. Resistance is ahead at $944 then $992. |
| TTWO Take-Two Interactive Software, Inc. ($188.74) - Leisure - TTWO reversed into Xs and broke a double top at $190 to return to a buy signal. The stock is a 4 for 5'er that ranks within the top half of the Leisure sector matrix.Okay to consider here on the breakout. Initial support lies in the $178 to $180 range, while additional lies at $174. |
| VST Vistra Corp ($135.26) - Utilities/Electricity - VST broke a double bottom at $166, completing a bullish signal reversal pattern as shares fell to $134 on the chart. This violations multiple levels of support on the default chart, and brings the chart below where is began the year. VST will maintain a positive trend and long-term positive RS against the market and its peer group, so the stock will maintain at least a 3 attribute rating. Beyond support at $132, additional lies at $112 and $108, the bullish support line. |
| WMT Walmart Inc. ($96.92) - Retailing - WMT broke a double top at $97, marking a new all-time chart high and a fourth consecutive buy signal since early 2024. The stock is a 5 for 5'er that ranks within the top third of the Retailing sector matrix. Okay to consider here on the breakout or on a pullback to $94 on the chart. Initial support lies at $89, while additional lies at $78. |
