Comments include: CF, COP, CVX, DHI, & SPHR.
| CF CF Industries Holdings, Inc. ($120.76) - Chemicals - CF returned to a buy signal Wednesday when it broke a double top at $120. Thursday's move adds to an already positive technical outlook as CF is a 4 for 5'er that ranks in the top third of the chemicals sector matrix. From here, the next level of overhead resistance is CF's bearish resistance line at $134. Meanwhile, support can be found at $112. |
| COP ConocoPhillips ($142.08) - Oil - COP returned to a buy signal and reached a new all-time high Wednesday when it broke a double top at $142. The outlook for the stock remains negative, however, as COP is a 2 for 5'er. From here, the first level of support sits at $124. |
| CVX Chevron Corporation ($221.88) - Oil - CVX gave a third consecutive buy signal and reached a new all-time high Wednesday when it broke a double top at $220. Thursday's move adds to an already positive technical picture that adds to an already positive technical picture as CVX is a 4 for 5'er that ranks in the top half of the oil sector matrix. From here, the first level of support sits at $204. |
| DHI D.R. Horton, Inc. ($131.70) - Building - DHI broke a spread quintuple bottom at $132, violating support at $134 and matching the March 2026 chart low. Along with the breakdown on the trend chart, DHI will see its market RS chart give an RS sell signal, dropping the stock down to a 0 for 5'er in technical attribute rating for the first time since October 2008. From here, a move to $130 on the trend chart would mark the lowest level since July 2025. |
| SPHR Sphere Entertainment Co. ($99.54) - Leisure - SPHR broke a double bottom at $100 for a fourth sell signal since late September and to mark the lowest level since February. Action earlier this month brought the market RS chart to an RS sell signal, while the peer RS chart reversed down into Os, dropping the stock down to a 1 for 5'er in technical attribute rating. From here, support can be seen in the upper $80s. |
