2026 Easter Chartbook: 14 Stocks & Indices To Brighten Your Day

Risk On?

Spring is in the air. As the sky brightens up, so is market sentiment. Hope, as they say, springs eternal.

While Iranian-energy-politics still hog depressing headlines, under the radar, a wide swathe of equity instruments are flying. Perhaps many investors suspect that the “mother of all TACOs” is about to lift the market.

While President Trump is still throwing tantrums at the Persian country, the market is hoping that negotiations are underway to resolve the issue (although the session in Islamabad failed quickly).

This week, I am going to show readers some of these more pleasant charts. I call this the ‘2026 Easter Chartbook‘. Charts that appear interesting, bullish, and somewhat contrary to the negative news headlines. A technical take on these price movements is also added for each stock.

Summary

1. Many equity indices have rebounded strongly, and a few even broke out firmly to the upside. These rallies happened despite the $100 oil and a cessation of energy flow in the Strait of Hormuz.
2. Financials (US) – are outperforming the general market. JPM, C, GS etc have rebounded sharply higher, backed by solid earnings.
3. Many stocks leapt to new highs as soon as investor sentiment turned more positive. This suggests that the equity markets are not ready to capitulate – yet. The ongoing energy supply shortage appears not be hitting equity markets too hard.

Perhaps until central banks start to tighten monetary policies steeply (via higher interest rates and QT), investors assume the world economy may be able to weather the energy maelstrom. We’ll see.

Let’s go through these bullish charts below.

Equity Indices Charts

If there is an ongoing oil crisis, you’d naturally think that a city-state like Singapore would be hit hard. But that’s not how the market is looking over there.

The Straits Times Index’s (STI) year-long bull run only had a minor correction last month, and bounced back up to 5,000 again quickly. It seems buying pressure is strong and persistent. Another spurt to new all-time highs appears likely over the medium term – as the cyclical upswing extends.

Another island nation, Japan, appears to be weathering the $100 oil reasonably well too. The blue-chip Nikkei 225 Index (NKY) rebounded firmly from the round number level at 50K to resuscitate the long-term cyclical rally (see below).

The fact that NKY did not even drop to its November lows tells us that buying pressure is strong. Uptrend extension later this year is possible.

For the Korean KOSPI Index, it too rebounded strongly in recent days. Prices are now sitting right at the top of its trading range. A breakout to resume its powerful uptrend is underway.

 

Turning to Europe, the Spanish IBEX 35 Index is one of the stronger indices. Newspapers kept saying Europe is the biggest loser from the Iranian conflict, but this view is not being played out here.

The Index has rebounded sharply to trade within the vicinity of its cyclical highs made in February. The latest series of green candles (from 16K) suggests continuing buying interest. Any dips from here should be viewed as potential buying opportunities to bet on new long-term highs later this year.

The Portuguese PSI Index is outperforming nearly all other equity indices in the world.

Prices leapt to new long-term highs last week when few other indices did. Given its still-running bull trend, reaching the magical 10K level should not be too difficult from here. That would be an 18-year high.

Not to be outdone, the Austrian ATX Index has surged in recent days in bid to reach new long-term highs.

The long (intra-day) tail to 5,000 last month and the surge shortly after indicate a definite resumption of the cyclical rally. Near-term target at 6,000 should be reachable soon.

Moving on to Latin markets, even indices there are looking perky.

Have you seen the Brazilian Bovespa Index? It sure doesn’t look like it is facing any difficulties in weathering the global energy storm. Prices found support at 175K to leap to 200K in a matter of weeks, powering through the February highs with relative ease. The index is at all-time high territory.

 

Stock Charts (US)

Due to space limitations, I can only show some large-cap US stocks below.

JP Morgan (JPM) – prices gapped up recently to smash the downtrend decisively. As the stock sits comfortably above $300, this may lead to a multi-week uptrend (like the one during May-June of last year). Quarterly earnings reached a record $16.5 billions.

Citigroup (C) – the bank stock gapped up to new long-term highs. Citi is displaying a great chart combination (gap + 52-week highs + range breakout). More upside potential is expected over the medium term.

Amazon (AMZN) – is starting to outperform other Mag-7 stocks. For the last few quarters, the world’s largest online retailer has struggled to break above $250. But prices did not decline too much, with support coming in at the round number level at $200. The latest rally renews pressure on the overhead resistance.

Sandisk (SNDK) – The flash memory shortage story continues to play out into April. Ergo, Sandisk powered to another new high as soon as market sentiment turns less negative. Clinching that magical $1,000 level should not be too difficult.

Seagate Technology (STX) – is another uber bullish stock in the sector. Prices gapped up to new fresh highs lately; momentum is strong and should be able to last a little further.

Intel (INTC) – even old dogs like Intel have rebounded mightily. Prices are currently rallying in a straight line, gapping up through important technical ceilings. Somewhat overbought, a corrective wave may emerge in the near term to cover the gap at $55.

Caterpillar (CAT) – the world’s leading construction machinery company, made a surprise jump to new fresh highs last week. Prices touched $800, a tad higher than its February peak. Given the company is viewed as a cyclical business, the good performance here reminds us that the construction industry is still humming along.

Nokia (NOK) – even the tech grand-daddy Nokia has resurrected from years of uninspiring trading.  Yes, the company is a shadow of its former self, but its chart looks like ‘something is happening’. Demand from AI is potentially lifting Nokia’s sales outlook here. Hence, the sudden jump in share prices.

Is this a ‘MEME’-type rally? Hard to say, but speculative interest is definitely surging. (See also UK Raspberry Pi, ticker: RPI).