The TML Report January 27, 2026 – NASDAQ Finished the Session Strong

Market Overview

The NASDAQ finally closed above the November 4th gap on heavier volume this afternoon. The S&P 500 followed close behind, etching out a new high by the end of the session. Volume declined a bit on the NYSE.

The Russell 2000 started the day negative but ultimately finished the day in the black, which is considered bullish action. The small-cap index is still a hair below its 10-day SMA, but not far off its all-time high as it continues to catch its breath.

More importantly, Healthy rotation continues to drive robust leadership across many of the market’s traditional, high-growth industry groups, backed by sound fundamental themes.

So, make sure to freshen up your watchlist, set your alerts, and then patiently wait for the optimal entry based on your risk management process.

Indexes

QQQ

The NASDAQ finally closed above key resistance at its November 4th gap and isn't far from new all-time highs.

SPY

The S&P 500 rallied with the NASDAQ today and finished the session at a new all-time high.

IWM

The Russell 2000 started the day negative but ended positive, which is considered bullish action. The Small-Cap Index finished the session a hair below its 10-day SMA and not far off its prior all-time high.

DIA

The Dow was the only major index to finish in the red this afternoon. However, it bounced at logical support and closed well off its lows for the day.

Focus List

GOOGL

GOOGL has formed a constructive base on base pattern and looks like it's it's setting up to continue the new all-time highs.

CIEN

CIEN has been one of the most powerful leaders in its group since 2025 and looks like it is getting ready to start heading higher again, after forming a constructive base-on-base pattern over the last three months.

AMD

AMD looks like it's setting up to break out of a constructive, 3-month cup and handle base.

ALAB

ALAB has been consolidating above constructive support for almost 19 weeks and looks like it could become extremely powerful again, if it can break above key resistance at the $190 area.

BE

BE is trying to re-break out of a three-month cup with high-handle pattern.

IREN

IREN broke out above its $58.75 consolidation pivot this afternoon and looks like it should ultimately continue higher.

APLD

APLD broke out of a constructive, three-and-a-half-month cup and handle base this afternoon after a failed attempt yesterday.

KTOS

Stocks that rally straight up off the bottom to break out to new all-time highs , without any consolidation or rest, often pull back and retest the breakout level like we see here with KTOS. However, KTOS is now attempting to re-break out above this level, giving us a chance to enter.

RKLB

RKLB has pulled back constructively to key support at the confluence of a prior pivot and its 21-SMA.

STRL

STRL is shaping up constructively and looks ready to break above key resistance and head back towards its prior all-time highs.

CVNA

CVNA has formed a constructive six-month base-on-base and looks like it's getting ready to break out to new all-time highs.