Comments include: DINO, GILD, JCI, NFLX, V, & WFRD.
| DINO HF Sinclair Corporation ($73.56) - Oil Service - DINO returned to a buy signal Tuesday when it broke a double top at $73, Tuesday's move adds to an already positive technical picture as DINO is a 4 for 5'er that ranks in the top quintile of the oil service sector matrix. From here, the stock faces overhead resistance at $74. Meanwhile, support can be found at $67. |
| GILD Gilead Sciences, Inc. ($128.28) - Biomedics/Genetics - GILD moved lower to complete a triple bottom break at $128, marking its third consecutive sell signal. The 2 for 5'er moved down from a 3 after reversing back into a negative trend with its latest move. Additionally, the stock ranks in the bottom half of the biomedics/genetics sector matrix. A sell can be considered here. Initial strong resistance is at $136, with additional resistance at $142. |
| JCI Johnson Controls International PLC ($141.71) - Building - JCI reversed into Xs and broke a double top at $142 to return to a buy signal. The stock is a 4 for 5'er that ranks within the top quartile of the Building sector matrix. Okay to consider here on the breakout. Note resistance in the mid $140s. Initial support lies at $132, while additional sits at $126. |
| NFLX NetFlix Inc. ($83.60) - Media - NFLX has been a tough one for trendfollowers so far this year, as the name posts its third consecutive sell signal on its default chart with action on 6/2. With the move, NFLX will return back to a negative trend, pushing it back into unfavorable territory for now. With hindsight as a guide, the first negative development should have come when the name was unable to get back towards those highs established earlier in 2025 after braking back into a positive trend. All that to say, be very cautious with exposure to NFLX for now. With price action leaving the media giant at levels from the start of last year. |
| V Visa Inc. ($317.03) - Finance - V shares moved lower today to break a double bottom at $316 to mark its first sell signal. This 3 for 5'er has been in a positive trend since April and on an RS buy signal versus the market since November 2012. V shares are trading at the middle of their ten-week trading band. From here, support is offered at $296. |
| WFRD Weatherford International Plc ($104.00) - Oil Service - WFRD gave an initial sell signal Tuesday when it broke a double bottom at $100. The outlook for the stock remains modestly positive, however, as WFRD is a 3 for 5'er. From here, the next level of support sits at $98. |
