As we near the end of what has been a fairly solid Q3 for the equity markets, we are left with the eternal question for investors: “What’s next?”

We now have the Fed’s first rate cut in the rearview mirror, with multiple rate cuts expected into early 2025. We also have a highly contested election season, a rapidly escalating situation in the Middle East, and earnings season which is only a couple weeks away.

The beauty of technical analysis is that price action should compensate for investor expectations for all of the above. If investors are excited, nervous, euphoric, despondent, or anywhere in between, the interplay between buyers and sellers can tell us a great deal about investor sentiment.

With that in mind, here are some of the individual stock charts I’ll be watching as we transition into the fourth quarter.

Comcast Corp.

As I reviewed hundreds of charts to eventually settle in on just ten to review, I was struck by the fact that five out of the ten are in the same sector: Communication Services. From Magnificent 7 names to old telecoms, there are plenty of improving charts in this sector.

While many stocks could be considered overextended after this week, Comcast (NASDAQ: CMCSA) is definitely not one of the them. This chart features a classic rotation from a distribution phase (lower highs and lower lows), ...

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