A Chart Bonanza

I Believe in Doing the Work

I believe the shortcut is to stop looking for one. As promised, I went through every single chart in the S&P 1500 this weekend. Most of my analysis is top-down, but once a month, I like to take time to go chart by chart and see what the bottom-up view looks like. This process not only gives me a feel for the market that top-down analysis alone can’t provide but also adds much-needed context to support my top-down approach.

Below, you’ll find some of the cleanest charts I came across. Yes, some of these stocks are already up significantly, and yes, I probably didn’t include some you may like, but in general, I focus on clear uptrends and either stocks pulling back to logical support or those sitting close to it.

Given the sheer number of charts I’m sharing, I’m keeping things simple, just the charts, my levels, and key setups.

Think of it like building a poker hand: it’s about finding the combinations that give you the best odds.

These are all zoomed-out weekly charts, chosen with an emphasis on clean risk/reward scenarios. Nothing overly complicated, just levels to help you manage risk effectively. Here is an article I wrote about how I analyze charts.

Quick Note: There are a lot of breakout retests happening in this sector right now. As the largest component of the S&P 500, its performance is absolutely critical to the broader market.

Quick Note - Financials started reporting earnings last week, and many of the moves have already begun. Because of that, I won’t be sharing a lot of individual charts here. Just take a look at $JPM and $GS some of the moves are already well underway, and I’m not a fan of chasing. These names might be worth revisiting on pullbacks to key support levels.

Quick Note - The worst-performing sector in the market right now which is typically bullish given its defensive nature. There aren’t many charts in this sector that catch my eye. The two giants, $COST and $WMT, stand out, but everything else is a pass for me at the moment.

Quick Note - Similar to Staples, a defensive sector that’s underperforming, with few appealing charts or setups at the moment. $BSX and $ISRG stand out as leaders, but I don’t see great entry opportunities in these names right now.

Quick Note - There are some strong names here like $ETR, $NI, and $NRG, but I don’t see great entry opportunities at the moment. It’s easy to scan for stocks hitting new all-time highs and just say, “own those.” I prefer a more pragmatic approach, waiting for better setups and cleaner risk/reward scenarios.

Quick Note - I’m liking a decent number of industrial names right now. A few ETFs that also look strong in this space are $AIRR and $PAVE.

I genuinely appreciate all the love and support from those who follow my research.

If you found value in this report, I’d be grateful if you shared it with others who might benefit as well.

My goal is simple - to put in the work so you don’t have to and to provide actionable insights that help us all navigate the markets more effectively.

Cheers,

Larry Thompson, CMT CPA

Follow Me On Twitter (X)

Follow Me on StockTwits