Comments include: ASO, AVGO, CAT, JLL, NFLX, SRE, STT, VAL, & WHD.
| ASO Academy Sports and Outdoors, Inc. ($61.51) - Retailing - ASO broke a double top at $62 to complete a bullish catapult and count as a fifth consecutive buy signal since December last year while marking the highest chart level since late 2024. The stock improved to a 3 for 5'er earlier this month after seeing the peer RS chart return to a column of Xs, and the stock now ranks within the top quartile of the Retailing sector matrix. Okay to consider here on the breakout. Notable support can be found in the upper to mid $50 with the bullish support line sitting at $54. |
| AVGO Broadcom Ltd ($317.23) - Semiconductors - AVGO fell Thursday to break a double bottom at $312 before dropping to $308 intraday. This 2 for 5'er moved to a negative trend earlier this month and sits in the bottom quintile of the semiconductor sector RS matrix. The weight of the technical evidence is weak and deteriorating. Further support may be seen at $296. Overhead resistance can be seen initially at $332. Earnings are expected on 3/4. |
| CAT Caterpillar, Inc. ($751.90) - Machinery and Tools - Quick comment today serving as a reminder that the first sell signal in an otherwise strong uptrend is typically not the end of the rally. CAT is normalizing out of heavily overbought territory on its default chart, leaving resistance between $776 & $784 above. Towards the downside, look to old resistance at $720 or support just above the middle of the trading band in the low $670's. |
| JLL Jones Lang LaSalle Incorporated ($322.73) - Real Estate - Shares of JLL have fallen sharply over the last several weeks, falling down to a 2 for 5'er after moving to a negative trend and losing near-term relative strength. However, it has rebounded slightly, breaking a double top $324 to move back to a buy signal. That said, those with positions could sell it here given its loss in strength. From here, the bearish resistance line lies at $340. |
| NFLX NetFlix Inc. ($85.04) - Media - Despite the break higher today, the technical picture remains quite weak. You'll note a range of resistance around current levels (as well as the 50-day) that would suggest things could run out of steam roughly around current levels. To boot, the stock isn't close to picking up further technical favor against its peer group or the broader market,... leaving it stuck in a "sell" territory for the time being. |
| SRE Sempra Energy ($95.82) - Gas Utilities - SRE reversed into Xs and broke double top at $96 for a second buy signal and to clear resistance at $95 as shares rallied to $97, marking a new all-time chart high. The stock has been a 3 for 5'er since October 2025 and maintains positive near-term relative strength against the market and its peer group. Okay to consider here on the breakout or on a pullback to the mid $90s. Initial support lies at $92, while additional can be found in the mid to lower $80s. |
| STT State Street Corporation ($133.04) - Wall Street - STT shares moved higher today to break a double top at $132 to mark its first buy signal. This 5 for 5'er has been in a positive trend since May and on an RS buy signal versus the market since November. STT shares are actionable at current levels with a weekly overbought/oversold reading of 8%. From here, support is offered at $124. |
| VAL Valaris Ltd. ($94.49) - Oil Service - VAL fell to a sell signal Thursday when it broke a double bottom at $92. The outlook for the stock remains positive as VAL is a 4 for 5'er that ranks fourth of 75 names in the oil service sector matrix. From here, the next level of support sits at $89. |
| WHD Cactus, Inc. Class A ($51.42) - Oil Service - WHD was down more than 11% on Thursday and gave an initial sell signal when it broke a double bottom at $53. The technical picture for WHD remains moderately positive as it is a 3 for 5'er and ranks in the top third of the oil service sector matrix. From here, the next level of support on WHD's chart sits at $44. |
