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Continuation Breakout Friday 12PM 1/16/2026

January 16, 2026 4 min read

Overall Sector and Industry Analysis (EST range analyzed: 2026-01-16 09:30–12:00)
Note: The dataset provided contains 30-minute intraday bars for the morning of 2026-01-16 only. There is no 30-day or 10-day history included, so conclusions lean on today’s price/volume behavior and relative strength themes evident across the basket.

  • Industrials and Electrical Infrastructure led: Strong, persistent bid in POWL, ETN, PWR, EME, FIX, VSEC, FORM, TDY, MSI. These names showed trend day characteristics (higher highs/higher lows on 30-min bars) and strong dips being bought.
  • Financials firm: JPM and AXP grinded higher; CBOE also trended up. Money rotated into large-cap financials.
  • Select semis up, others mixed: SITM and FORM trended; WOLF was flat-to-soft.
  • Energy mixed: Coal (HCC) and oilfield tech (GEOS) up; uranium (CCJ) faded from open; GLD recovered intraday but stayed below its open.
  • Spec biotech momentum: ALAB, NTLA, LAR, JAGX printed big range/momentum with elevated volume; higher risk/high reward tone.
  • Crypto miners strong: IREN trended with expanding volume.
  • Housing/building softer: SKY, MTH were heavy; TREX/WMS mostly flat.
  • Space/earth observation mixed: RKLB elevated but choppy; PL and SPIR faded.

Noticeable patterns

  • Broad “electrification/infrastructure” strength (POWL, ETN, PWR, EME, FIX) suggests continued institutional dip-buying in that complex.
  • Risk-on in selective growth/momentum pockets (SITM, ALAB, NTLA, IREN), while housing lags.

Ticker Performance Prediction (next 2–3 days)
Most likely upside follow-through (momentum + structure + volume):

  • POWL, EME, PWR, SITM, IREN, ALAB, JPM, ETN, RH, CBOE

Strongest bullish signals right now:

  • POWL, EME, SITM, IREN, ALAB, JPM

Individual Stock Analysis (setups for likely upside names)

POWL finviz dynamic chart for POWL

  • Key supports: 1) 436.5–437.0 2) 423.0–424.0 3) 419.7
  • Key resistances: 1) 441.7 2) 446.1 3) 450.0
  • 30-min outlook (2–3 days): Expect a digestion above 436–437 to set a higher-low base; reclaim/hold 441.7 likely drives a retest of 446.1, then a measured push into the low-450s if volume stays bid. Failure back below 436 could revisit 430–423 demand before buyers step back in.
  • Entries:

– Pullback buy 437–438
– Strength add on 441.8–442 reclaim

  • Stop-loss: Below 432.8 (tighter) or below 429.5 (safer swing)
  • Targets (1–3 days): 441.7, 446.1, 452–455

EME finviz dynamic chart for EME

  • Key supports: 1) 701–703 2) 695 3) 690.4
  • Key resistances: 1) 708.4 2) 710.0 3) 715.0
  • 30-min outlook (2–3 days): Trend continuation favored. A tight range above 701 typically precedes a push through 708–710; if breakout holds, extensions into 713–715 are reasonable. Loss of 701 opens a controlled dip to 695 where buyers likely defend.
  • Entries:

– Buy dips 701–703
– Breakout buy >708.5 on sustained volume

  • Stop-loss: Below 695.4 (tighter) or below 692 (safer)
  • Targets (1–3 days): 710, 713–714, 715–718

SITM finviz dynamic chart for SITM

  • Key supports: 1) 378.8–379.4 2) 376.8–377.5 3) 373.4
  • Key resistances: 1) 382.7 2) 385.0 3) 390.0
  • 30-min outlook (2–3 days): Bull flag behavior. Hold above ~379 and a clean push through 382.7 sets 385, then 389–390. If early pullback, watch 377–378 to form a higher low; below there, momentum cools toward 373–374.
  • Entries:

– Pullback buy 379–380
– Breakout buy >382.8

  • Stop-loss: Below 377.3 (tighter) or below 375.5 (safer)
  • Targets (1–3 days): 385, 388.5–390, 394–395

IREN finviz dynamic chart for IREN

  • Key supports: 1) 56.8–57.1 2) 56.1–56.2 3) 55.3–55.4
  • Key resistances: 1) 57.9–58.0 2) 58.5 3) 60.0
  • 30-min outlook (2–3 days): Strong trend with shallow pullbacks. Consolidation under 57.9 likely resolves higher; a breakout could tag 58.5 then a momentum push toward 60, especially if crypto beta stays firm.
  • Entries:

– Dip buy 57.0–57.2
– Breakout buy >57.9 with confirming volume

  • Stop-loss: Below 56.1 (tighter) or below 55.4 (safer)
  • Targets (1–3 days): 58.5, 59.7–60.0, 62.0 (stretch)

ALAB finviz dynamic chart for ALAB

  • Key supports: 1) 185.2–185.5 2) 182.8–183.3 3) 179.0–180.0
  • Key resistances: 1) 187.5–188.0 2) 190.0 3) 195.0
  • 30-min outlook (2–3 days): High-volume momentum day. Expect a bull flag between ~185–188; resolution above 188 opens 190 then 192–195. Biotech volatility is elevated—expect sharper swings.
  • Entries:

– Pullback buy 185.5–186.0
– Breakout buy >188.0 with volume

  • Stop-loss: Below 183.2 (tighter) or below 181.5 (safer)
  • Targets (1–3 days): 188.5–190, 192–193.5, 195–197

JPM finviz dynamic chart for JPM

  • Key supports: 1) 314.1–314.2 2) 312.7–312.9 3) 311.5–311.8
  • Key resistances: 1) 314.8–314.9 2) 316.0 3) 318.0–318.5
  • 30-min outlook (2–3 days): Slow grind trend. A hold above ~314 supports an attempt through 314.8–315; if accepted, 316 then 317.5–318.5 next. Slips into 313s likely get bought on first test if the financials bid persists.
  • Entries:

– Pullback buy 313.8–314.2
– Breakout buy >314.9

  • Stop-loss: Below 312.9 (tighter) or below 311.8 (safer)
  • Targets (1–3 days): 316.0, 317.5–318.5, 320.0 (stretch)

Quick notes on other leaders

  • PWR, ETN, FIX, RH, CBOE also screen bullish on the 30-min trend; similar pullback-then-breakout logic applies near their morning supply zones.

Risk management and data caveat

  • Without the last 10–30 trading days, ATR-anchored targets are approximated via visible resistance and conservative extensions of today’s morning range. Size entries accordingly and reassess if price loses the nearest support zone on expanding volume. If you can share the 30-day daily data, I’ll refine levels with higher-timeframe supply/demand and ATR.
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