Comments include: AMZN, BHP, EQIX, MSGE, ORCL, QCOM, TECK, & TSLA.
| AMZN Amazon.com Inc. ($234.56) - Retailing - AMZN broke a double bottom at $232 for a second sell signal since peaking in May. The stock continues to maintain a 4 technical attribute rating, but both the market and peer RS charts are within one box of reversing into Os, leaving two potential attributes at risk. From here, the stock maintains support at $220, the bullish support line, while additional can be found at $200 and $196. |
| BHP BHP Group Ltd. ($82.25) - Metals Non Ferrous - BHP fell to a sell signal Tuesday when it broke a double bottom at $82. The outlook for the stock remains modestly positive as BHP is a 3 for 5'er and ranks in the top half of the non-ferrous metals sector matrix. From here, the next level of support sits at $81. |
| EQIX Equinix, Inc. ($1,115.93) - Real Estate - EQIX moved higher Tuesday to break a double top at $1120, matching its all-time high from April. This 4 for 5'er moved to a positive trend in January and sits in the top quintile of the real estate sector RS matrix. The weight of the technical evidence continues to be favorable. Exposure may be considered at current levels or upon a breakout to $1136. Initial support is seen at $1040. |
| MSGE Madison Square Garden Entertainment Corp. ($76.06) - Leisure - MSGE broke a double top at $76 for a fourth buy signal and to mark a new all-time chart high. The stock has been a 5 for 5'er since November of 2025 and currently ranks within the top quartile of the Leisure sector matrix. Okay to consider here on the breakout. Initial support lies in the lower $70s, while additional can be found at $63. |
| ORCL Oracle Corporation ($165.25) - Software - ORCL reversed down to break a double bottom, marking a second consecutive sell signal. The 3 for 5’er moved down from a 4 over the past two weeks and now sits in hold territory. The stock is testing its positive trend line and shows mixed relative strength, moving into a column of O’s against the market last week, while its peer strength remains on a buy signal in a column of X’s. Initial support is at $164 with additional support at $162. |
| QCOM QUALCOMM Incorporated ($204.13) - Semiconductors - QCOM reversed down to break a double bottom, giving a sell signal. The 1 for 5'er fell from a 2 last week and remains in sell area. The stock remains in a positive trend but is showing continued relative weakness, with market RS in a column of O’s for two weeks and peer RS reversing into O’s last week. Initial support may be seen at $192. |
| TECK Teck Resources Limited ($59.62) - Oil Service - TECK was down more than 6% on Tuesday and fell to a sell signal when it broke a double bottom at $59, where it now sits against support. The outlook for the stock remains positive as TECK is a 4 for 5'er that ranks in the top decile of the oil service sector matrix. |
| TSLA Tesla Inc. ($381.57) - Autos and Parts - TSLA broke a double bottom at $384 for a fourth sell signal as shares fell to $380. The move violates the bullish support line, which will drop the stock down to 3 for 5'er trading in a negative trend. From here, support lies at $368, while the April 2026 chart lows reside at $340. |
