Trend Signal Now

2/25/2026 02:49:00 AM

Repair Mode Is Complete. Now Comes the Test.

Posted by Trend Signal Forex Now

Tuesday, February 24, 2026

Over the past few weeks, we've spent a lot of time talking about just how extended this precious metals trend has become and why it would make sense for the market to pause at any moment.

After all, going into late January, Gold, Silver, Platinum, and Palladium were historically stretched relative to their long-term means, trading miles above their respective 200-week moving averages.

That kind of trend is powerful, but it's also unstable, and environments like that tend to resolve with sharp corrective waves rather than orderly pullbacks.

That's exactly what we saw in late January and early February, when precious metals were hit with some of the most extreme volatility we've seen in years.

Silver alone experienced what amounted to a ten-sigma move to the downside based on the 250-day Z-score of the one-day rate of change.

Statistically speaking, that's the kind of move that shouldn't ever happen, but markets don't care about statistics when positioning becomes crowded, and trends become overextended.

In the weeks since that volatility event, we've been watching closely for signs of deterioration beneath the surface.

Last week, we highlighted some of those cracks, including our key risk appetite ratio reaching fresh multi-month lows.

That kind of behavior is something we want to take seriously.

But at the same time, the behavior of the metals themselves has been constructive.

Instead of cascading lower after that initial shock, both Gold and Silver have spent the past few weeks absorbing the selling pressure and building out what appear to be textbook accumulation patterns.

Looking at the SPDR Gold Shares ETF $GLD, the price has carved out a clean cup-and-handle formation.

Even more importantly, the short-term momentum indicator we track, the daily 12-26 Percentage Price Oscillator, has begun to curl higher after resetting during the correction.

That's exactly what we want to see in the context of a strong primary uptrend: price churning sideways while momentum works off its excess and begins to turn back up.

As long as GLD holds above roughly 468, the path of least resistance points higher toward a retest of the January 29 peak.

Jeff Macke is hosted a live session on February 19 at 4:00 PM ET on where the next phase of the AI trade may actually show up — and it's not in chips or software.

Want to watch the replay?

Discover a different way to approach AI exposure, reserve your spot here.

Jason Perz | ASC Gold Rush | Save The Bees

All Star Charts emails are a financial publication of general circulation and only offers impersonal advice, not tailored to individual needs of a specific client or group. Any comments or statements made herein do not necessarily reflect those of All Star Charts or its affiliates (collectively, "All Star Charts") and do not constitute buy or sell recommendations. Unless specifically indicated, this message is not an official confirmation of any transaction. The contents of any email communications to or from All Star Charts may be monitored or reviewed at All Star Charts's discretion. All Star Charts accepts no responsibility for any loss or damage arising in any way from the use of this transmission and any attachments; it is the responsibility of the recipient to ensure that they are virus free. If you reply to this email, please note that we are a public investor and do not want any material non-public information. We do not agree to keep confidential any information you provide and do not agree to any restrictions on our trading activity, except pursuant to a written confidentiality agreement executed by All Star Charts.

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2/25/2026 02:00:00 AM

The Open Bar Replay

Posted by Trend Signal Forex Now

Tuesday, February 24, 2026

Welcome to The Strazza Letter, a free note with market insights from me, All Star Charts Chief Market Strategist Steve Strazza.

If you missed today's Open Bar, the replay is now available.

XLF is getting hit and several major banks are forming clear tops. On today's Open Bar, I walked through why the breakdown in financials matters, and how that weakness is shaping my broader market view. I also outlined why risk management is particularly critical right now.

On the other side of things, I covered potential support and floor-building behavior in tech, the importance of Nvidia's upcoming earnings as a possible sentiment shifter, and the specific levels I'm watching in names like Apple and Tesla.

We also discussed how I'm treating some of the key positions in my portfolio.

If you want the full rundown, it's all in today's session.

You can watch the replay here.

Steve Strazza | Chief Market Strategist, All Star Charts

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© 2026 All Star Charts 624 Broadway, Suite 405 San Diego, CA 92101

2/25/2026 01:30:00 AM

Renewed Strength, New Pattern

Posted by Trend Signal Forex Now

Tuesday, February 24, 2026

Do you want to know about the biggest moves before they occur?

Click here and sign up for our new daily note, The Squeeze Watch, and get the tightest coil patterns delivered to your mailbox for free every day.

Welcome to The Squeeze Watch.

We're very excited to present our Squeeze Engine, one of the main tools that powers the success of Breakout Multiplier.

After a healthy consolidation phase, industrial metal stocks are once again shaping up to break out of bases and complete continuation patterns.

Here's today's standout:

Hudbay Minerals Inc $HBM is currently exhibiting a Squeeze Score of 96.4.

Here's what the chart looks like:

HBM is breaking out of a textbook continuation pattern within the context of an underlying uptrend.

Notice how volatility compresses on the Strazza Indicator during each consolidation phase along the stair-step higher, only to expand again as the stock resolves to the upside.

This type of pattern is our bread and butter.

If you want access to our Squeeze Engine and our next boring stock trade, join Breakout Multiplier here, risk-free.

Steve Strazza | Chief Market Strategist, All Star Charts

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© 2026 All Star Charts 624 Broadway, Suite 405 San Diego, CA 92101

2/24/2026 09:30:00 PM

Two Divergences That Matter

Posted by Trend Signal Forex Now

Tuesday, February 24, 2026

Two Divergences That Matter

There's plenty to like about this bull market — breadth is expanding, Emerging Markets are breaking out, and small-caps are holding above prior cycle highs.

On the surface, things look solid.

But beneath the headlines, rotation is starting to raise some real questions.

Money has been flowing into defensive groups — Staples and Low Volatility stocks in particular.

That type of leadership aligns more with risk-off behavior than a strong, risk-on bull market.

So I want to highlight two divergences that have my attention.

First, the S&P 500 vs. Consumer Staples ratio.

When this ratio is rising, investors are embracing risk. That's what strength looks like.

When it's falling, capital is rotating toward safety. That's typically a sign of caution.

Lately, that line has been rolling over, hinting that risk appetite may be slowing even as the index holds.

The same dynamic is showing up in the High Beta vs. Low Volatility ratio.

It stopped advancing in early January and has failed to confirm the new highs in the index — forming a bearish divergence.

High Beta underperforming its Low Volatility peers is not characteristic of a healthy bull market — at least, that's the way I've learned to read it.

So do these divergences really matter?

Is this simply a pause within an ongoing bull market?

Or is the market quietly signaling something larger ahead?

On the bull side, equities continue to perform well overall despite defensive outperformance. And that resilience matters too.

Until price breaks down and leadership truly deteriorates, the primary trend remains higher — and the benefit of the doubt still belongs to the bulls.

Join ASC Premium for twice-monthly conference calls, in-depth reports, daily scans, and actionable trade ideas — everything you need to navigate the markets with clarity and confidence.

👉 Get full access — join ASC Premium today.

Alfonso De Pablos, CMT

Director of Research, All Star Charts

Alfonso De Pablos, CMT | Director of Research, All Star Charts

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© 2026 All Star Charts 624 Broadway, Suite 405 San Diego, CA 92101

All Star Charts
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Suite 405
San Diego, CA 92101

2/24/2026 08:30:00 PM

The Daily Beat - February 24, 2026

Posted by Trend Signal Forex Now

Tuesday, February 24, 2026

Earnings season is the heartbeat of the market, and every day brings fresh signals about where money is flowing.

With each report, we learn not just how companies are performing, but how investors are reacting.

In the Daily Beat, we spotlight the most important S&P 500 earnings moves from the prior session: the winners, the losers, and the reactions that reveal what really matters to the market right now.

Whether it's a bellwether with broad economic implications or a niche name making waves, we cut through the noise to focus on the setups that matter most.

Here are the latest earnings stats from the S&P 500 👇

*Click the image to enlarge it

At the top of Monday's Beat Sheet was the $13B restaurant stock, Domino's Pizza $DPZ. After posting mixed headline results, shareholders were rewarded with a +3.76 reaction score.

DPZ reported $1.54B in revenue, beating the expected $$1.52B, and earnings per share of $5.35, beating the expected $5.38.

At the bottom of Monday's list was the $55B regulated electric utility stock, Dominion Energy $D. Following a double beat, shareholders received a -1.36 reaction score.

D's revenues came in at $4.09B, beating the expected $3.65B, and earnings per share of $0.68, beating the expected $0.67.

Let's talk about what else happened 👇

DPZ had its 2nd-consecutive positive earnings reaction🔥

Domino's Pizza had a +4.1% post-earnings reaction, and here's what happened:

U.S. same-store sales grew 3.7% year-over-year, leading to an 8% increase in income from operations over the same period.
The board approved a 15% increase in the quarterly dividend, and the company has a share repurchase program with $459.7M remaining.
In addition to the strong quarter, the management team expects 6% growth in global retail sales and 8% growth in operating income in 2026. They also plan to add more than 175 new U.S. stores and 800 internationally.

Over the past two years, DPZ shareholders have been consistently punished for the company's earnings events. This led to a decline of more than 30%.

But this has changed over the past two quarters.

The stock has now been rewarded for back-to-back earnings reports, and it's scoopin' and scorin'.

So long as DPZ holds above its 2024 and 2025 lows, we expect the stock to stabilize here.

D had its worst earnings reaction since Q3 2023🩸

Dominion Energy had a -2.6% post-earnings reaction, and here's what happened:

The company increased its 5-year capital investment plan by $15B to $65B. This will dilute the total market capitalization by 2.5% annually.
The Coastal Virginia Offshore Wind project is now over 70% complete, and it's on track for first power by the end of March. This has cost around $11.5B, and is set to be one of the world's largest offshore wind projects.
Driving the selloff was the management team's 2026 and 2027 EPS trajectory, which fell short of expectations.

Heading into this earnings report, D was breaking out to new multi-year highs and resolving a prolonged bearish-to-bullish reversal pattern.

And while the breakout is still intact, it's looking vulnerable here.

Not only is the momentum rolling over, but the earnings sentiment has decisively turned negative.

So long as D holds its base breakout, the path of least resistance is higher for the foreseeable future. However, things could get ugly if the price slips back into the prior range.

Thank you for reading,

-The Beat Team

Editor's Note: Are you looking for a structured approach to identifying leadership as it emerges after earnings?

Our Beat Report research is built just for you.

STAY HUNGRY. STAY FOOLISH

We out here -->

Stock Market Media emails are a financial publication of general circulation and only offers impersonal advice, not tailored to individual needs of a specific client or group. Any comments or statements made herein do not necessarily reflect those of Stock Market Media LLC or its affiliates (collectively, "Stock Market Media") and do not constitute buy or sell recommendations. Unless specifically indicated, this message is not an official confirmation of any transaction. The contents of any email communications to or from Stock Market Media may be monitored or reviewed at Stock Market Media's discretion. Stock Market Media accepts no responsibility for any loss or damage arising in any way from the use of this transmission and any attachments; it is the responsibility of the recipient to ensure that they are virus free. If you reply to this email, please note that we are a public investor and do not want any material non-public information. We do not agree to keep confidential any information you provide and do not agree to any restrictions on our trading activity, except pursuant to a written confidentiality agreement executed by Stock Market Media.

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