Comments include: BABA, CCJ, CNR, CSCO, HCC, JBTM, MSTR, OKE, PEP, & TEAM.
| BABA Alibaba Group Holding Ltd (China) ADR ($168.31) - Retailing - BABA broke a double bottom at $168 to initiate a shakeout pattern. The stock has maintained a 3 for 5'er since mid-January and currently ranks within the top half of the Retailing sector matrix. The action point for the shakeout pattern occurs upon on a reversal into Xs at $174, while the pattern would be complete with the triple top break at $182. Support currently lies at $162, while additional can be found at $156, the bullish support line. |
| CCJ Cameco Corporation ($119.71) - Metals Non Ferrous - CCJ fell to a sell signal Monday when it broke a double bottom at $120. The outlook for the stock remains positive as it is a 4 for 5'er. From here, the next level of support sits at $108. |
| CNR Core Natural Resources Inc. ($90.75) - Oil - CNR gave a second consecutive sell signal and fell to a negative trend Monday when it broke a double bottom at $91. The negative trend change will drop CNR to a 1 for 5'er. |
| CSCO Cisco Systems, Inc. ($80.90) - Computers - CSCO pushed higher Monday to break a spread triple top at $81, notching a new multi-year chart high. This stock has a 4 for 5 TA rating and sits in the top half of the computers sector RS matrix. The weight of the technical evidence is favorable here and continues to improve. Initial support can be seen at $73 and $71. Earnings are expected on 2/11. |
| HCC Warrior Met Coal Inc ($89.78) - Oil - HCC fell to a sell signal Monday when it broke a double bottom at $88. The outlook for the stock remains positive despite Monday's move as HCC is a 5 for 5'er that ranks first out of 55 names in the oil sector matrix. From here, the next level of support sits at $87. |
| JBTM JBT Marel Corp ($163.35) - Machinery and Tools - JBTM posted a third consecutive buy signal on its default chart today with action at $162. The move brings the 4/5'er to levels not seen since late 2021 (around all-time highs). The upside action in 2026 has confirmed support levels at/above the middle of the trading band and a significant range of resistance around the 2025 highs a net positive in the near/intermediate term. Sitting in the top third of the Machinery and Tools sector matrix, the name remains a standout for those of you looking for focused exposure. |
| MSTR Strategy Inc ($141.11) - Software - MSTR dropped Monday to break a double bottom at $138, marking a second consecutive sell signal and a new 52-week low. This highly volatile name has a 0 for 5 TA rating and sits near the bottom of the unfavored software sector RS matrix. The technical picture is weak and deteriorating further. Avoid long exposure. Note that overhead resistance may be seen at $150 and $164. Earnings are expected on 2/5. |
| OKE ONEOK, Inc. ($76.05) - Oil Service - After giving four consecutive buy signals, OKE fell to a sell signal Monday when it broke a double bottom at $76. The move adds to an already unfavorable technical picture as OKE is a 2 for 5'er and ranks in the bottom decile of the oil service sector matrix. |
| PEP PepsiCo, Inc. ($155.20) - Food Beverages/Soap - Shares of PEP broke a double top at $154 to return to a buy signal. Today's movement also saw the stock flip its trend back to positive, bringing it up to a 1 for 5'er. However, the stocks remains in sell territory for now given its broader lack of relative strength. From here, resistance lies at $156, $160, and $164. |
| TEAM Atlassian Corp. PLC ($114.54) - Software - TEAM dropped Monday to break a triple bottom at $114, marking a third consecutive sell signal and a new multi-year low. This 0 for 5'er moved to a negative trend in January and sits near the bottom of the unfavored software sector RS matrix. The weight of the technical evidence is weak and deteriorating. However, TEAM is now in a heavily oversold territory. Overhead resistance may be seen initially at $122. Note that earnings are expected on 2/5. |
