Continuation Breakout Friday 2PM 1/16/2026

Overall Sector and Industry Analysis (EST range analyzed: 2026-01-16 from ~10:30 to 14:00 on 30-minute bars)
Note: The upload contains intraday snapshots from today, not full 30-day/10-day daily history. Commentary emphasizes current momentum/volume behaviors observable in the provided window and cross-basket relative strength.

• Semiconductors/Hardware: Mixed-to-weak overall with notable rotation. Power/industrial semis showed relative strength (NVTS pushed 10.84 → 11.15 with heavy volume), while test/precision names faded (AEHR, FORM, SITM, CAMT lower; VRT and WOLF also soft). BELFB drifted. Tickers referenced: NVTS, AEHR, FORM, SITM, CAMT, VRT, WOLF, BELFB.
• Defense/Aerospace: Bid persisted. LHX stair-stepped to new intraday highs; KTOS advanced and held most gains; TDY flat-to-stable. Tickers: LHX, KTOS, TDY.
• Exchanges/Market Infrastructure: Strong. CME and CBOE printed higher highs into early afternoon with steady accumulation; both closed our window near session highs. Tickers: CME, CBOE.
• Metals/Mining and Crypto-proxies: Clear strength. Precious metals miners advanced (CDE, NGD up with expanding volume); crypto miner IREN trended higher with robust turnover and higher highs. Coal (HCC) nudged higher. Tickers: CDE, NGD, IREN, HCC.
• Large-cap software: SNPS trended up (higher highs, tight pullbacks) showing institutional bid. Ticker: SNPS.
• Healthcare/Biotech/Medtech: Large-cap CRO/biotech weak-to-flat (ICLR, MEDP, NTLA, GH), while select small-cap devices/specs showed momentum (SENS grind up; ECOR push). Volatility high in micro-caps (JAGX). Tickers: ICLR, MEDP, NTLA, GH, SENS, ECOR, JAGX.
• Industrials/Contractors: Mixed to soft after morning weakness (PWR bounced but still net down; EME/FIX slightly heavy). Tickers: PWR, EME, FIX.
• Financials/Payments: AXP had an early pop then faded; JPM trended down; AMG edged up. Tickers: AXP, JPM, AMG.
• Housing/Lenders/Builders: Mortgage originators soft (UWMC downtrend; LDI steady-to-slightly higher). Builders/mfg housing mixed (TREX steady; SKY slipped). Tickers: UWMC, LDI, TREX, SKY.
• Misc/high-beta tech/space/special situations: SPIR advanced and consolidated high; QXO heavy volume pop then faded; VG steady grind higher. Tickers: SPIR, QXO, VG.

Themes: Rotation toward defensives (defense, exchanges), real-asset/commodity beta (precious metals, crypto miner), and high-quality software (SNPS). Weakness concentrated in semiconductor test/timing names and selected cyclicals/banks.

Ticker Performance Prediction (next 2–3 trading days)
Most likely to advance (momentum + volume + structure):

• NVTS – power semi breakout continuation; strong volume, higher highs.
• IREN – crypto miner momentum; heavy volume, trend intact.
• SNPS – high-quality software, steady higher highs; buyers supported dips.
• LHX – defense strength; steady bids, pushing session highs.
• CME – exchange leadership; higher highs, closes strong in our window.
• CDE – precious metals momentum; buyers defending 22 area.

Bullish standouts: NVTS, IREN, SNPS.

Individual Stock Analysis (levels, entries, stops, and 2–3 day path based on the 30-minute structure)
Note: Daily supply/demand zones are approximated using visible intraday swing pivots and psychological handles due to absence of full 30-day daily candles in the upload. Confirm on your daily chart.

1) NVTS

• Support (S): 10.88 (intraday base), 10.81–10.85 (pullback shelf), 10.65 (psych zone below morning base)
• Resistance (R): 11.15 (session high), 11.30 (extension/round), 11.50 (next supply/round)
• Expected 2–3 day path: Favor upside continuation while holding above 10.85. A clean 30-min push through 11.15 sets a momentum leg toward 11.30 then 11.50.
• 1–3 day swing targets: T1 11.15–11.20, T2 11.35–11.45, T3 11.75–11.80 (using today’s ~0.31 range as ATR proxy for extension).
• Entry ideas: 10.88–10.95 pullback buy; or 11.16–11.20 breakout with volume.
• Stop-loss: 10.79 (beneath shelf); tighter traders 10.85; swing tolerance 10.65.

2) IREN

• Support (S): 58.00–58.20 (intraday demand), 57.80 (higher low), 57.00 (prior support/round)
• Resistance (R): 58.75 (session high), 59.50, 60.00 (psych + likely daily supply)
• Expected 2–3 day path: Momentum continuation favored while >57.8. Break of 58.75 opens 59.5 then 60. Watching BTC sensitivity.
• 1–3 day swing targets: T1 59.00–59.25, T2 60.00, T3 61.00 (today’s ~2.2 range used as ATR proxy).
• Entry ideas: 58.10–58.30 pullback buy; or 58.80–58.90 breakout on rising volume.
• Stop-loss: 57.70; swing stop 57.20 if allowing volatility.

3) SNPS

• Support (S): 517.20 (last higher low), 515.20 (midday support), 514.00 (opening demand zone/round)
• Resistance (R): 518.90–519.00 (session high), 522.00, 525.00
• Expected 2–3 day path: Lean bullish; hold above 515 keeps trend intact. Through 519 sets a measured push into low-520s.
• 1–3 day swing targets: T1 519.5–520, T2 522.5–523, T3 525–526 (based on today’s ~5 point range).
• Entry ideas: 516.0–516.6 buy-the-dip; or 519.10–519.40 breakout.
• Stop-loss: 514.80 (beneath structure); conservative swing stop 513.80.

4) LHX

• Support (S): 345.55 (HL), 344.10–344.20 (midday shelf), 342.60–342.70 (morning base)
• Resistance (R): 346.72 (session high), 348.00, 350.00 (psych + likely daily supply)
• Expected 2–3 day path: Trend continuation if >345.5. Break through 346.7 targets 348 with potential 350 magnet if defense bid persists.
• 1–3 day swing targets: T1 347.00–347.50, T2 348.50–349.00, T3 350.00–351.00.
• Entry ideas: 345.7–346.0 pullback; or 346.80–346.90 breakout with strong tape in peers (KTOS/TDY).
• Stop-loss: 344.00 (under shelf); wider swing 342.50.

5) CME

• Support (S): 277.90 (last pullback), 277.27 (intraday floor), 276.50 (AM base)
• Resistance (R): 279.00, 280.00, 282.00 (next daily supply zone)
• Expected 2–3 day path: Bid to persist while >277.3; above 279 unlocks 280–282 path.
• 1–3 day swing targets: T1 279.50, T2 280.50–281.00, T3 282.00 (today’s ~2.1 range as ATR proxy).
• Entry ideas: 278.00–278.20 pullback buy; or 279.05–279.20 breakout on uptick breadth (watch CBOE).
• Stop-loss: 277.20; more conservative 276.45.

6) CDE

• Support (S): 22.00–22.05 (intraday demand), 21.95, 21.90 (buyers stepped repeatedly)
• Resistance (R): 22.29 (session high), 22.50, 22.80 (likely daily supply/upper channel)
• Expected 2–3 day path: Constructive above 22.00; break/hold over 22.29 targets mid-22s as metals stay firm.
• 1–3 day swing targets: T1 22.30–22.35, T2 22.55, T3 22.80 (today’s ~0.40 range as ATR proxy).
• Entry ideas: 22.02–22.08 pullback; or 22.30 breakout as metals complex confirms (watch NGD).
• Stop-loss: 21.85 (beneath demand); tighter traders 21.95.

Secondary watch (bullish bias but slightly lower conviction): CBOE (similar structure to CME), SPIR (momentum but thinner).

Risk management reminders

• Liquidity varies widely across this basket; size and stops accordingly. Small caps (e.g., SPIR, SENS) can gap and wick; favor partial entries and respect hard stops.
• The daily S/R zones above are inferred from intraday structure/round-number confluence due to missing 30-day daily data in the upload; confirm on your daily charts before placing trades.