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We're in a correction now with a broad-based sell-off and overdue. The six-month period this year was incredibly strong, including October when it's traditionally weak. Seasonality has gone off. The US government shutdown and earnings season are over, so not unusual to see a correction now. Earnings were pretty good, but investors now see valuations a little stretched, so they're lightening up their holdings. Utilities have been volatile both ways, rallying on the data centre spend, but now softening. Similar story with precious metals, though tied to the USD's moves and whether the US Fed will cut next month, which is looking less likely.

Energy has been doing well on a relative strength basis. There's a change in leadership, given weakness in tech, AI and industrials. Defensives--financials, healthcare and energy--are doing well, however. Energy is doing well despite the oil price going nowhere. The CVE chart is nice with higher highs and higher lows, but testing restistance now at $25.50.

Natural gas is a seasonal plan; you can't predict supply/demand year to year. PPL is volatile, between $48-58. He does like the chart, because it reveals $52 as resistance and support. Now, it's bouncing off support, not a bad thing.

A cup-and-handle pattern is long-term bottoming pattern where you have a large, rounded bottom (Dec-Aug), then a smaller, higher rounded bottom (Aug-Oct). He's concerned that the chart broke under $150 a few weeks ago instead of bouncing off it. It's trending lower and could return to $120-130. $150 was the breakout in August. It's failing to form a cup and handle pattern, still in a downward trend. What could be hurting is the Fed signalling that it may not cut interest rates or will be less likely to.

From Feb. to May, it bottomed out. In mid-July to mid-September, it topped. NFI forms rounded tops and bottoms. The chart still shows lower highs. The first support level is the $12 breakout. It may take a while to bottom out.

The chart is still struggling. He sold this last January as it lost relative strength. All tech software stocks have been struggling for several months and continue to. Next support is at $3,000, then $2,750. This is still bottoming.

A struggle. He owned his twice this year. Hard to own. Very volatile this year. The current collapse concerns him. It took Feb-June to bottom out, so it may take several months for this to bottom out. The chart shows a Triple Waterfall, so a third down leg could lie ahead. He wouldn't return to this until it bottoms out and shows relative strength.

The chart this year shows consistently higher lows to return to $45 and broken past this--an ascending triangle, which is bullish. The chart looks really good. First resistance is $48-50, then $52-53.

Is a little concerned with the chart. It's had a very good run this year, from $15 to $25, but we're seeing a correction in metal stocks. The chart has a double top now, unable to break $25 twice. The floor is $20-21, but if it falls, it could fall back to $15, a real risk. Watch this to see if it holds $20.

At that time, the gold price was breaking out and the gold stocks had top relative strength numbers. He still owns this and other gold stocks. It's pulled back but now stabilized.

He sold it last May when its relative strength weaken. Investors bought it for safety, but as markets recovered, TMUS drifted lower. The last week as tech has fallen and volatility risen, defensives like this are picking up (and energy and healthcare). He'd rebuy if its relative strength returned.