📈Weekly Charts📉 January 10, 2026

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Good morning ☕️

The first week of 2026 is in the books and stocks are green 🟢 across the board.

Did they just set the tone for the whole year?

Let’s take a look, with the Weekly Charts.

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Subscriber Note

A subscriber-only update is coming soon, shared exclusively with Trading Adventures readers.

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🔹 Small Caps Lead

IWM delivered a powerful start to the year, jumping +4.6% from last week’s close — a textbook January Effect in action.

• New higher highs

• Built on higher lows

• Price above the upper Bollinger Band

• Above all key moving averages

• Healthy volume

✅ Uptrend confirmed

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🔹 Large Caps Follow

SPX printed a new high, finally closing above the 1.618 extension.

• Riding upper Bollinger Band

• 10-week MA just below

• Volume is strong

• RSI is firm, not extended

Trend remains intact

QQQ broke out of a multi-week consolidation:

• Confirming volume

• Supportive RSI

• Strong positioning above all MAs

Constructive and building

DIA pushed to new highs

• Clean structure, strong volume, aligned MAs

Supports continuation

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🔹 International & Bonds

ACWX: 3-week rally with classic gap-and-go

• Volume doubled again

• Above all key MAs

Trend advancing

FXI didn’t participate this week. It’s not broken — but price stalled below recent highs, with congestion near key moving averages and tightening Bollinger Bands.

The question now:

• Is this relative weakness a signal?

• Or is is just coiling for a catch-up move?

AGG and TLT: Quiet

HYG: Strength on uptick volume

Nothing urgent, just worth a glance.

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🔹 Macro Views

DXY: Trying for a reversal

• Touched 99.26

• Back above 40-week MA

• Closing on 10-week MA

Still below key supply

BTC: Still rangebound, no confirmation

• Below AVWAP and 10-week MA

• There were tradeable moves on lower time frames, but no follow-through.

• Price remains inside the weekly range, below the relevant AVWAP, and under a declining 10-week MA.

No signs of meaningful progress — yet.

GSG: Commodities compressing in multi-year range

• Higher lows

• Tightening structure

• Repeated tests of resistance suggest energy is building

Digging into the group, and skipping precious metals (you've already seen 4000 silver charts, right?) Base Metals are making moves.

DBB: Base metals breakout

• Cleared key retracement with conviction

• The trend is strong

• RSI is getting stretched

• Volume enormous

USO: Despite recent news, oil remains stuck in its range.
Price is below key resistance and the trend remains unresolved.

No technical shift here — just noise for now.

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🔁 Relative Strength Highlights

IWF / IWD: Still tilting toward value

XLY / XLP: Discretionary takes the handoff

SPHB / SPLV: Still risk-on

SPY / IWM: Possible trend change — large caps may be passing the baton

SPY / ACWX: Starting to look like a mirror image, possibly forming a head & shoulders

SPY / AIA: Lower highs & lows beneath AVWAPs — “descending the stairs”

SPY / MAGS:

Remember when “Mag7 is the only thing holding this up”?

Note the potential turn. Then consider what you see in AAPL, META, MSFT, NFLX.

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Relative Strength — What Is It? (Really) in the new Chart School section.

Relative Strength — What Is It? (Really)

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⚖️ Breadth

Breadth surged — % of $SPX stocks above the 50- and 200-day MAs rose sharply

Bullish Percent Indices ($BPSPX, $BPNDX, $BPNYA) all jumped

More stocks now flashing Point & Figure buy signals

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Read this for a refresher:

The Bullish Percent Index: A Technician’s Breadth Signal

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🧭 Now What?

Short-term 🕒

Momentum remains strong — but many names are extended.

• Avoid chasing

• Look for consolidation or pullbacks

• Earnings season begins this week and could bring volatility

Be selective and stay alert. This is where patience pays.

Medium-term 📆

• Breadth expansion and sector rotation support the trend

• Risk-on ratios lean bullish

• Leadership groups are emerging

• Relative strength themes are gaining traction

If this holds, Q1 should stay constructive.

Long-term 🧭

• The primary trend remains up — but it won’t be a straight line

• Macro risks persist

Manage your risk
Respect price
Stay flexible and data-driven

Let price lead — not your bias.

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🗓 The Week Ahead

Bank earnings: JPM BK BAC WFC C MS GS BLK RF

Econ data: CPI, PPI, Home Sales, Jobless Claims

Be ready and aware.

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🧠 Final Thought

It’s been a wonderful start to 2026.

But don’t get giddy — or complacent.

The weeks aren’t always this easy.

Setups continue to emerge.

Stick to your rules.

Trust your process.

And always manage your risk.

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🙌 Thanks for Reading

Thank you all for reading and spending some time with me on a Saturday morning!

If you found this week’s charts helpful, please -

• 📤 Share

• 💬 Comment

• ♻️ and Repost

It helps more traders see the work and join the discussion.

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The Disclosures

***This is NOT financial advice. This is NOT a recommendation to buy, sell, or trade any security. The content presented here is intended for educational purposes only.