📺 Watch the full video here:
Is the AI bubble exploding and deflating? Maybe — but even if it is, there are still plenty of big stocks out there worth watching. The charts themselves continue to give us guidance and opportunities in other parts of the market.
So let’s look at the S&P 500 companies reporting earnings on Wednesday, November 5. I’m focusing on consolidation ranges — showing what price levels matter most and how to be ready when the breakout comes.
🔍 Highlights
1️⃣ Humana (HUM): Consolidating tightly after recent swings, forming a clean wedge pattern that’s easy to visualize with converging trendlines. A breakout above the October 28 high near 410.00 could kick off a new leg, while staying contained under that level keeps this in watch-and-wait mode.
2️⃣ Bunge (BG): Pulling back but holding a strong support area — that October 15 range is giving us more than meets the eye. It’s not just a big green candle; other levels of support and resistance are layered into it. While we’re above the October 15 low around 96.00, there’s potential for this to pop higher.
3️⃣ Bio-Techne (TECH): Giving a great momentum signal that suggests further upside. It stays valid while we’re above the October 10 low near 69.00. I’ll be going over setups like this in Monthly Group Coaching — doing the math on what those signals project and how to plan targets.
4️⃣ Fidelity National Information (FIS): This stock gapped lower and has been consolidating, but it’s already really oversold in momentum. If you’re short, this is not the place to add. Protect those positions instead, and if price climbs back above the October 30 high near 75.00, that could mark the start of a recovery.
5️⃣ McDonald’s (MCD): A major consolidation range between January 16 and March 10 has been capturing everything since. Notice how it’s also had Red Zone domination — the Bear Resistance and Bear Support shaping the story here. There’s not much good to say about MCD right now; we could see a move back toward the June 26 low around 245.00 if Bears push lower on earnings.
6️⃣ Sempra (SRE): Another strong consolidation chart, bounded by the October 2 low near 70.00 and the October 8 high around 74.00. When you’ve got a clearly defined range like that, there’s no guesswork. A move above the October 29 high at 73.50 could confirm the next Bullish leg — especially with RSI lifting from the Bull Support Power Zone.
7️⃣ Ameren (AEE): Similar setup to SRE. The pattern between price and momentum stays intact as long as we’re above the September 18 low near 74.00. While it holds that range, I’ll be watching for further upside and whether it can make progress toward the 110.00 area over the next several months.
8️⃣ Atmos Energy (ATO): Another stock showing that corrective weakness may be fading. Price and momentum both hint that Bullish energy is returning. If we can get a closing break above the October 30 high, that would confirm it on a price-action basis — and I always want price action to confirm what I see in momentum or candlesticks.
No matter what’s happening with the AI trade or broader market noise, these consolidation setups remind us that clarity lives inside well-defined ranges. Watch those boundaries, wait for confirmation, and trade your plan.
~Hima
P.S. Check the Events Calendar for upcoming workshops and live sessions.
Leave a Reply