Argus
•
May 12, 2026
Technical Assessment: Bullish in the Intermediate-Term
Intermediate Term
Long Term
Summary
Stocks were mixed on Monday, with the large-cap indices posting minor gains and the mid- and small-cap indices posting small or moderate losses. The big S&P 500 (SPX) winners remain the same, with relative strength and momentum ruling the day. LITE ripped over 16%, COHR was up 13%, and GLW, QCOM, VRT, WDC, and STX all rose 7% to 11%. Energy led as WTI is just below $100/barrel and Brent is back to $104. Information Techno
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