Comments include: AU, BLK, BURL, COP, CVX, DAL, DLR, GOLF, JPM, KR, MMM, MS, NUE, OXY, RGLD, RL, RS, SCCO, SHEL, SPHR, VLO, & XOM.
| AU AngloGold Ashanti Limited (South Africa) ADR ($107.35) - Precious Metals - AU gave a third consecutive buy signal Wednesday when it broke a double top at $104 and continued higher, returning to a positive trend in the process. The positive trend change will promote AU to a 5 for 5'er. From here, support sits at $98. |
| BLK BlackRock, Inc. ($1,005.00) - Wall Street - BLK shares moved higher today to break a double top at $1008 to mark its second consecutive buy signal. This 3 for 5'er moved to a negative trend in March but has been on an RS buy signal versus the market since October 2020. BLK shares are trading in more normalized territory and are one box away from testing their negative trendline. From here, support is offered at $944 and $928. |
| BURL Burlington Stores, Inc. ($335.69) - Retailing - BURL broke a double top at $340 for a third buy signal since the back half of March and to mark a new multi-year chart high. The stock improved to a 5 for 5'er after moving back into a positive trend in the latter weeks of March and currently ranks within the top quintile of the Retailing sector matrix. Okay to consider here on the breakout. Note the stock's all-time chart high from 2021 resides in the $350 range. Initial support can be found at $324, while additional resides in the $310 range. |
| COP ConocoPhillips ($125.22) - Oil - COP fell to a sell signal Wednesday along with much of the energy sector when it broke a double bottom at $126. Wednesday's move adds to an already unfavorable technical picture as COP is a 2 for 5'er. From here, the next level of support sits at $114. |
| CVX Chevron Corporation ($192.89) - Oil - CVX gave an initial sell signal Wednesday when it broke a double bottom at $194 amid a sector-wide selloff. CVX's technical picture remains favorable despite Wednesday's move as the stock is a 4 for 5'er that ranks in the top half of the oil sector matrix. From here, the next level of support sits at $186. |
| DAL Delta Air Lines Inc. ($68.63) - Aerospace Airline - DAL reversed into Xs and broke a triple top at $69 as shares rallied to $74, clearing resistance in the lower $70s during the process. This action follows a return to a buy signal and positive trend reversal in the latter half of March, which increased the stock to a 3 for 5'er. DAL is action in the upper $60s to lower $70s. Initial support can be found in the mid to lower $60s, while additional resides in the upper to mid $50s. |
| DLR Digital Realty Trust, Inc. ($184.45) - Real Estate - Shares of DLR broke a triple top at $184 for its third consecutive buy signal. The 3 for 5'er has improved significantly over the last several months, moving back to a positive trend in late January. However, the stock remains more of a hold than anything given its lack of market relative strength. From here, resistance lies at $186 then $198 from all-time highs in 2024. |
| GOLF Acushnet Holdings Corp ($98.85) - Leisure - GOLF broke a spread triple top at $96 for a second buy signal as shares rallied to $99. The breakout follows a return to a buy signal and positive trend reversal during the closing days of March, which increased the stock back to a 5 for 5'er. Okay to consider here on the breakout or on a pullback to the mid $90s. Note resistance near chart highs in the low to mid $100 range. Initial support lies at $92, the bullish support line, while additional cane be found in the lower $90s and upper $80s. |
| JPM J.P. Morgan Chase & Co. ($306.94) - Banks - JPM shares moved higher today to break a double top at $300 and return to a buy signal on its trend chart. This 5 for 5'er has been in a positive trend since November 2023 and on an RS buy signal versus the market since March 2024. JPM shares are trading in normalized territory near the middle of their ten-week trading band. From here, support is offered at $284 and $280. |
| KR The Kroger Co. ($70.60) - Retailing - Shares of KR broke a triple bottom at $69, and today's action also saw the stock move into a negative trend. However, the stock continues to display peer and marketing relative strength. so the stock remains a buy as a 4 for 5'er for the time being. From here, initial support lies at $67 and $59. |
| MMM 3M Company ($148.54) - Chemicals - MMM returned to a buy signal Wednesday when it broke a double top at $150. The outlook for the stock remains negative, however, as MMM is a 1 for 5'er and ranks in the bottom quartile of the chemicals sector matrix. From here, support sits at $142, while overhead resistance can be found at $156. |
| MS Morgan Stanley ($175.92) - Wall Street - MS shares moved higher today to break a triple top at $170 to mark their second consecutive buy signal. This 5 for 5'er has been in a positive trend since March and on an RS buy signal versus the market since June 2013. MS shares are trading in actionable territory near the middle of their ten-week trading band. From here, support is offered at $162, $160, and $158. |
| NUE Nucor Corporation ($182.16) - Steel/Iron - NUE gave a second consecutive buy signal and returned to a positive trend when it broke a double top at $176. The positive trend change will promote NUE to an acceptable 3 for 5'er. |
| OXY Occidental Petroleum Corporation ($59.93) - Oil - OXY fell to a sell signal Wednesday along with many other members of the energy sector when it broke a double bottom at $61, OXY's technical picture remains favorable, however, as the stock is a 4 for 5'er that ranks in the top half of the oil sector matrix. From here, the next level of support sits at $53. |
| RGLD Royal Gold Inc ($268.17) - Precious Metals - RGLD gave a second consecutive buy signal and returned to a positive trend Wednesday when it broke a double top at $272. The outlook for the stock remains negative, as even with the positive trend change RGLD is a weak 2 for 5'er. |
| RL Ralph Lauren ($374.03) - Textiles/Apparel - RL broke a double top at $360 for a third buy signal as shares rallied to $376. The breakout follows a positive trend flip, which increased the stock to a 5 for 5'er. RL has maintained long-term positive RS against the market since late 2023 and its peer group since early 2022. Okay to consider here on the breakout or on a pullback to the $350 range, near the mid-point of the 10-week trading band. Note the stock's prior chart high from February in the $380 range. Initial support lies at $344, while additional can be found at $336 and $328. |
| RS Reliance Inc. ($320.33) - Steel/Iron - RS returned to a buy signal Wednesday when it completed a bearish signal reversal at $312. The outlook for the stock remains negative, however, as RS is a 2 for 5'er. From here, the first level of support sits at $292. |
| SCCO Southern Copper Corporation ($187.17) - Metals Non Ferrous - SCCO rose almost 7% on Wednesday giving a third consecutive buy signal and returning to a positive trend when it completed a bullish triangle at $180. The positive trend change will elevate SCCO to a 4 for 5'er. The stock now shows support at $172 and $170. |
| SHEL Shell PLC Sponsored ADR ($92.06) - Oil - SHEL fell to a sell signal Wednesday when it broke a double bottom at $90 amid a broad selloff in energy stocks. The technical picture for SHEL remains strong, however, as the stock is a 5 for 5'er that ranks in the top half of the favored oil sector matrix. From here, the next level of support sits at $89. |
| SPHR Sphere Entertainment Co. ($130.69) - Leisure - SPHR broke a double top at $132 for a third buy signal and to mark a new all-time chart high. The stock has been a 5 for 5'er since September 2025 and currently ranks as the top stock within the Leisure sector matrix. Okay to consider here on the breakout. Initial support lies at $124, while additional can be found at $106. |
| VLO Valero Energy Corp ($241.05) - Oil Service - VLO fell to a sell signal Wednesday when it broke a double bottom at $232, where it now sits against support. The outlook for VLO remains decidedly positive, however, as it is a 5 for 5'er that ranks in the top third of the oil service sector matrix. |
| XOM Exxon Mobil Corporation ($155.83) - Oil - XOM fell to a sell signal Wednesday when it broke a triple bottom at $158 and continued lower violating additional support when it hit $154. The outlook for the stock remains favorable, however, as XOM is a 5 for 5'er that ranks in the top third of the favored oil sector matrix. From here, the next level of support sits at $148. |
