Comments include: CAKE, GOOGL, JLL, META, ORLY, & SU.
| CAKE The Cheesecake Factory Incorporated ($63.73) - Restaurants - CAKE broke a spread triple top at $65 for a second buy signal. The stock improved to a 5 for 5'er after seeing a positive trend change in the earlier part of April, and it currently ranks within the top quintile of the Restaurants sector matrix. Note resistance lies at $66. Initial support lies at $61, while additional can be found in the mid to low $50s. |
| GOOGL Alphabet Inc. Class A ($381.25) - Internet - GOOGL rocketed higher today after earnings. The 5/5'er has been a point of RS for quite some time now, but does not find itself in heavily overbought territory. Some normalization could be in store on pullbacks towards the top of the 10-week trading band.... giving those of you interested in picking up further exposure a better opportunity to do so. Remember, price can normalize in two ways: price or time, so a major pullback isn't required for things to get back to normal for a high RS name |
| JLL Jones Lang LaSalle Incorporated ($318.51) - Real Estate - JLL shares fell sharply on earnings, breaking a double bottom at $328 to move back to a sell signal. The 4 for 5'er moved back to a positive trend in March and regained near-term market relative strength in the last couple weeks, bringing it back to buy territory. Investors could look to buy here but should watch for further weakness, such as movement back into a negative trend if it moves below $300. Traditional support also lies at $292 and $284. |
| META Meta Platform Inc. ($619.41) - Internet - Of the big four Mag-7 names to report on 4/29, META was the big loser at it ended the day down nearly 7.5%. The 2/5'er had put together a somewhat interesting technical picture as it moved off the 2026 lows, but it quickly reversed lower to violate near-term support at $656on its default chart on its way back to $600. The move, while intense for a one day swing, doesn't even bring the name into heavily oversold territory on its default chart, so further downside could be in store if the technical picture does continue to lag behind. From here, the next identifiable point of support comes at $568. |
| ORLY O'Reilly Automotive, Inc. ($98.19) - Autos and Parts - ORLY broke a double top at $95 to return to a buy signal as shares rallied to $99, marking the highest level since January. The break penetrates the bearish resistance line, which will increase the stock up to a 3 for 5'er as the stock continues to maintain long-term positive relative strength against the market and its peer group. Note resistance at $102. Initial support can be found at $91, while additional can be seen in the upper $80s. |
| SU Suncor Inc ($68.46) - Oil Service - SU completed a shakeout pattern when it broke a triple top at $68 in Thursday's trading, marking a new multi-year high for the stock. The move adds to an already positive technical picture as SU is a 4 for 5'er and ranks in the top quartile of the oil service sector matrix. From here, support can be found at $60. |
