Comments include: AMAT, AU, CVX, GD, GILD, HAS, PEP, RDDT, TCTZF, TMO, VLO, VTR, WELL, & WLK.
| AMAT Applied Materials, Inc. ($283.66) - Semiconductors - AMAT rose Monday to break a double top at $280 before climbing over 5% intraday to notch a new all-time high at $284. This 5 for 5'er moved to a positive trend in September and has been on an RS buy signal against the market since 2023. The weight of the technical evidence is favorable and improving. However, AMAT is nearing overbought territory. Initial support is seen at $248. |
| AU AngloGold Ashanti Limited (South Africa) ADR ($88.47) - Precious Metals - AU returned to a buy signal Monday when it broke a double top at $88 amid a rally in precious metals producers. Monday's move adds to an already positive technical picture as AU is a 5 for 5'er that ranks in the top third of the favored precious metals sector matrix. From here, AU faces overhead resistance at $91, the all-time high it reached last month. |
| CVX Chevron Corporation ($163.87) - Oil - CVX returned to a buy signal and a positive trend Monday amid a broad rally in the oil stocks driven by the US incursion in Venezuela. CVX broke a double top at $160 and continued higher breaking a spread triple top at $162. The positive trend change will promote the stock to an acceptable 3 for 5'er. From here, overhead resistance sits at $168, while support can now be found at $148. Earnings are expected on 1/30. |
| GD General Dynamics Corporation ($355.56) - Aerospace Airline - GD opened up 2026 with a P&F buy signal at $356, reconfirming a strong technical picture as the aerospace name now sits just one box away from all time highs at $360. Those looking for focused exposure are fine to take the break as an action point. Support is now offered just below current levels between $328 & $336. |
| GILD Gilead Sciences, Inc. ($118.27) - Biomedics/Genetics - GILD inched lower to complete a double bottom break at $118. The 3 for 5'er shifted down from a 4 with its latest moving after reversing back into a negative trend. Additionally, GILD ranks near the bottom of Biomedics/Genetics sector matrix. The stock is still rated a hold, but continue to monitor for any further technical deterioration. Strong resistance can be seen $126-$128. |
| HAS Hasbro, Inc. ($86.03) - Leisure - HAS broke a double top at $86 for a fourth buy signal and a new 52-week high. The stock has been a 5 for 5'er since late November 2025 and ranks within the top half of the Leisure sector matrix while being accompanied by a yield north of 3%. Okay to consider here on the breakout or on a pullback to the lower $80s. Initial support lies at $80, while additional can be found at $75 and $71. |
| PEP PepsiCo, Inc. ($140.02) - Food Beverages/Soap - Shares of PEP broke a double bottom at $142 to move back to a sell signal, in addition to moving to a negative trend. As a result, PEP is back to being an unacceptable 0 for 5’er given its long-term relative weakness. From here, support lies at $140, $138, $128. |
| RDDT Reddit, Inc. Class A ($245.40) - Internet - RDDT pushed higher Monday to break a double top at $248, marking a fifth consecutive buy signal. This stock has a 4 out of 5 TA rating and sits in the top third of the internet sector RS matrix. The weight of the technical evidence is favorable and improving. Exposure can be considered on this breakout. Initial support can be seen at $224 with further support seen at $216. |
| TCTZF Tencent Holdings Limited ($81.02) - Internet - TCTZF pushed higher Monday to break a double top at $81, moving the stock back to a positive trend. This promotes the stock to the maximum 5 TA rating. It has shown positive relative strength against the market since last February, adding to the favorable long-term technical picture. Weekly momentum recently flipped positive as well, suggesting the potential for further upside from here. The technical picture is favorable and improving again. Note that there is overhead resistance at the current position, with further resistance seen at $83 and $86. Initial support is seen at $75. |
| TMO Thermo Fisher Scientific Inc. ($608.56) - Healthcare - TMO inched higher to break a double top at $608, marking its fifth consecutive buy signal. The 4 for 5'er ranks in the top quartile of the healthcare sector matrix. Long exposure can be made here. Initial strong support is seen between $552-$560, with additional support at $520. |
| VLO Valero Energy Corp ($181.40) - Oil Service - VLO was up more than 9% Monday amid a broad rally in oil and oil service stocks. VLO returned to a buy signal when it broke a double top at $180 and continued higher to $184, where it now sits against resistance. Monday's move adds to an already positive technical picture as VLO is a 4 for 5'er and ranks in the top half of the oil service sector matrix. |
| VTR Ventas, Inc. ($77.06) - Real Estate - Shares of VTR broke a double bottom at $76, moving back to a sell signal. However, the 5 for 5’er remains in a positive trend while holding relative strength versus the market and its peers, making it a stock to continue owning for the time being. From here, initial support lies at $67 |
| WELL Welltower Inc. ($186.04) - Real Estate - Shares of WELL broke a double bottom at $182, ending its streak of six consecutive sell buy signals. However, the stock remains a strong buy as a 5 for 5’er. The first sell signal after an extended streak of buys is often just a head fake. Additionally, the stock is slightly oversold with an OBOS reading of -30%. From here, initial support lies at $176 and $164 to $162. |
| WLK Westlake Corp. ($74.98) - Chemicals - WLK returned to a positive trend Monday when it broke a double top at $77. The outlook for the stock remains negative, however, as even with the positive trend change WLK is an unfavorable 2 for 5'er. From here, the next level of overhead resistance sits at $80, meanwhile, support can now be found at $72. |
