Comments include: ASML, CCEP, CDW, CEG, LRCX, NTES, SPHR, TER, & TLN.
| ASML ASML Holding NV ADR ($1,172.12) - Semiconductors - ASML advanced Friday to break a double top at $1152 before rising over 9% intraday to a new all time high at $1168. This 4 for 5'er moved to a positive trend in September and sits in the top third of the semiconductors sector RS matrix. The technical picture is positive and improving. However, ASML is nearing overbought territory. Initial support is not seen until $1024. Note that earnings are expected on 1/28. |
| CCEP Coca-Cola Europacific Partners PLC ($88.84) - Food Beverages/Soap - Shares of CCEP broke a triple bottom at $88 to return to a sell signal. Additionally, the stock moved back into a negative trend, bringing it down into hold territory as a 3 for 5'er. That said, the stock has been extremely range bound over the last several months, with the last two trend changes serving as head fakes. From here, support lies at $87, $86, then $81. |
| CDW CDW Corp. ($133.39) - Computers - CDW dropped Friday to break a double bottom at $134, marking a second consecutive sell signal and a new multi-year low. This 0 for 5'er moved to a negative trend in February 2025 and sits in the bottom third of the computers sector RS matrix. The weight of the technical evidence is weak and deteriorating. Avoid long exposure. Overhead resistance may be seen initially at $150. |
| CEG Constellation Energy Corporation ($367.81) - Utilities/Electricity - CEG broke a triple top at $372 for a second buy signal since mid-December. After seeing a trend reversal back in mid-December, the stock improved to a 4 for 5'er that positive near-term RS versus the market and peer group. Okay to consider here on the breakout. Note resistance at $380 and in the lower $400s, the stock's October 2025 highs. Initial support lies at $356, the bullish support line, while additional can be found from the upper $310 to lower $350 range. |
| LRCX Lam Research Corporation ($185.36) - Semiconductors - LRCX moved higher Friday to break a double top at $180 before reaching a new all-time high at $184 intraday. This 5 for 5'er moved to a positive trend in May and sits in the top decile of the semiconductors sector RS matrix. Weekly momentum also recently flipped positive, suggesting the potential for further upside from here. The weight of the technical evidence is favorable and improving. Initial support can be seen at $172. Note that earnings are expected on 1/28. |
| NTES Netease.com Inc. (China) ADR ($147.38) - Leisure - NTES broke a double top at $148 to return to a buy signal after having been on a sell signal since October 2025. The stock has been a 5 for 5'er since April 2025 and ranks within the top half of the Leisure sector matrix. Okay to consider here on the breakout or on a pullback to the lower $140s. Note resistance in the $150 range with the all-time chart high residing at $158. Initial support lies at $134 and $130, while additional can be found in the $120 to $124 range. |
| SPHR Sphere Entertainment Co. ($93.25) - Leisure - SPHR reversed into Os and broke a double bottom at $92 to complete a bullish signal reversal pattern and end a series of 12 consecutive buy signals that began back in May 2025. The stock continues to maintain a 5 technical attribute rating and ranks within the top decile of the Leisure sector matrix. From here, support lies at $86 and $81. |
| TER Teradyne, Inc. ($208.23) - Semiconductors - TER pushed higher Friday to break a triple top at $204 before reaching a new all-time high at $208. This 5 for 5'er moved to a positive trend in June and sits in the top quintile of the semiconductors sector RS matrix. The weight of the technical evidence is positive and improving. Initial support can be seen at $194 and $184. Note that earnings are expected on 1/28. |
| TLN Talen Energy Corp ($393.54) - Utilities/Electricity - TLN broke a double top at $388 for a fourth buy signal since mid-December. The stock has maintained a positive trend since April 2025 and long-term market and peer RS since June 2025. Okay to consider here on the breakout. Note resistance in the $400 to $416 range. Initial support lies at $372, while the bullish support line sits at $360. |
