This commentary first appeared on Forbes Great Speculations, where Schaeffer's Investment Research is a regular contributor.

Pet retail stock Chewy (CHWY) hit a June 6, two-year high of $48.62, but since then has taken a more than 20% haircut, thanks in large part to a massive 11% post-earnings drawdown on June 11. After a brief rally from there, the shares have struggled, logging back-to-back weekly losses. The good news is that this pullback has CHWY testing a historically bullish trendline. 

The stock is within one standard deviation of its 80-day moving average. For the purpose of this study, Schaeffer’s Senior Quantitative Analyst Rocky White defines that as the equity trading above the moving average 80% of the time over the last two months, and closing north of the trendline in eight of the last 10 sessions.

Per White’s data, six similar signals have occurred during the past three years. CHWY was higher one month later 78% of the time, averaging a one-month gain of 10.9%. From their current perch at $38.68, a move of similar magnitude would have the shares erasing their 9.3% quarter-to-date deficit and extending a 15.4% year-to-date lead. It would also place the security back in an uptrend channel from its 2025 peak and valley. Note CHWY’s 14-Day Relative Strength Index (RSI) is also drifting into “oversold” territory around 33, an area that preceded rallies back in the fall and spring. 

There’s some exciting short squeeze potential to monitor as well. Short interest is up 7.7% in the most recent reporting period, and the 15.51 million shares sold short account for 7.3% of CHWY’s total available float. 

There could also be an unwinding of bearish bets in the options pits. Chewy stock’s 10-day put/call volume ratio of 0.68 over at the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) sits higher than 92% of readings from the past year. So while calls still outflank puts on an absolute basis, the high percentile means options traders have been much more pessimistic than usual.

Options are affordably priced at the moment, too, per our Schaeffer’s Volatility Index (SVI) of 38% that sits in the low 7th percentile of its annual range. A premium-selling strategy could be the move going forward, as CHWY’s Schaeffer's Volatility Scorecard (SVS) checks in at a 8 out of 100. This means the security has consistently realized lower volatility than its options have priced in.

EQT Corp (NYSE:EQT) is down 1.5% at $54.06 at last glance, extending a pullback from its June 23, record high of $61.02. The security still boasts a 17.4% year-to-date lead, and support at $52 looks ready to contain any additional losses. What's more, a historically bullish signal flashing may help EQT partially reverse this recent pullback.

According to Schaeffer's Senior Quantitative Analyst Rocky White, EQT is within one standard deviation of its 126-day moving average. Shares were above this this trendline in at least eight of the last 10 trading days, and spent 80% of the past two months above it. Within these parameters, five other signals occurred in the past five years, after which the equity was higher one month later 60% of the time, averaging a 7.1% gain. 

Short-term options traders have been much more bearish than usual. This is per the stock's Schaeffer's put/call open interest ratio (SOIR) of 1.36, which ranks in the 92nd percentile of annual readings. An unwinding of this pessimism could create additional tailwinds for EQT.

Options look like an affordable route for those looking to benefit from the security's next moves. This is per the stock's Schaeffer's Volatility Index (SVI) of 33%, which sits in the 9th percentile of its annual range. This means options traders are pricing in low volatility expectations.

Gold mining stock Agnico Eagle Mines Ltd  (NYSE:AEM) is up 1.3% at $117.65 at last glance, brushing off a stronger U.S. dollar as investors favor the greenback amid President Donald Trump's latest tariff threats. The security sports a 50.3% year-to-date lead and is getting support from the $115 region, after a failed June attempt to conquer its April 21, record high of $126.73. Another shot at that new peak could still be within reach, though, thanks to a historically bullish signal.

According to Schaeffer's Senior Quantitative Analyst Rocky White, AEM is within one standard deviation of its 80-day moving average. Shares were above this this trendline in at least eight of the last 10 trading days, and spent 80% of the past two months above it. Within these parameters, eight other signals occurred in the last five years, after which the equity was higher one month later 64% of the time, averaging a 4.7% gain. 

Options look like an affordable route for those looking to benefit from the security's next moves. This is per AEM's Schaeffer's Volatility Index (SVI) of 34%, which sits in the 13th percentile of its annual range. This indicates options traders are pricing in low volatility expectations.

Retail stock Macy's Inc (NYSE:M) was last seen up 1.1% at $12.59, and running into several layers of resistance on the charts. The $12.60 level has kept a lid on gains for the last couple months, while overhead pressure at the 100-day moving average has moved in as well -- a trendline that has preceded downturns in the past. 

Per Schaeffer's Senior Quantitative Analyst Rocky White, the stock is within 0.75 of the 100-day moving average's 20-day average true range (ATR), after spending at least 80% of the last 10 days and 80% of the last two months above it. Within these parameters, five other signals occurred in the past three years. M was lower one month later 80% of the time after those instances, averaging a 7.8% loss. A move of similar magnitude would have the shares at $11.61. 

Macy's stock has struggled to rally off its April 8, four-year low of $9.76. Since the start of the year, the shares are down roughly 26%. 

An unwinding of optimism amongst options traders could provide additional headwinds. M's 10-day call/put volume ratio of 7.47 at the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) ranks higher than 86% of readings from the past year. 

The week kicked off with more tariff updates and threats, specifically against those who align with what President Donald Trump dubbed "Anti-American" policies from the Brazil, Russia, India, China, and South Africa (BRICS) bloc. Below, let's take a look at how artificial intelligence (AI) names are faring amid the market turmoil. 

CoreWeave Inc (NASDAQ:CRWV) stock is down 4.1% at $158.50 at last check, as it continues to fail to conquer the $160 level, though it still sports an over 218% three-month lead. Earlier today, news broke that the company will purchase crypto miner Core Scientific (CORZ) for $9 billion. CRWV began trading in late March with an initial public offering (IPO) of $40.

Also swimming in red ink is C3.ai Inc (NYSE:AI) stock, off 1.2% to trade at $25.44 at last glance. Despite a recent pivot higher, AI is once again pulling back to the ascending 50-day moving average. And while the tech stock remains 46% above its April bottom of $17.03, it now sports a year-to-date loss of 26%.

SoundHound AI Inc (NASDAQ:SOUN) stock is faring much better, last seen up 2.6% to trade at $11.38. SOUN sports a 170% year-over-year lead and could today nab its highest close since late May. Plus, the $9 region has been a solid level of support over the last few months.

Alibaba Group Holding Ltd (NYSE:BABA) shares are 2% lower to trade at $106.55 at last glance, sliding alongside the broader market amid tariff uncertainty. Despite today being on track for its third-straight loss, the equity still sports a 26.8% lead for 2025, with a familiar floor at the $100 level ready to contain any additional losses. Even better, the stock is now trading a trendline that has historically resulted in bullish returns.

According to Schaeffer's Senior Quantitative Analyst Rocky White, BABA is within one standard deviation of its 200-day moving average. Shares were above this this trendline in at least eight of the last 10 trading days, and spent 80% of the past two months above it. Within these parameters, three other signals occurred during the last five years, after which the equity was higher one month later 67% of the time, averaging a 6.9% gain.

For those looking to weigh in on the stock's next moves, options look like an affordable route. This is per BABA's Schaeffer's Volatility Index (SVI) of 32%, which sits in the 8th percentile of its annual range. This indicates options traders are pricing in low volatility expectations.

It's also worth noting that Alibaba stock has usually outperformed these expectations during the past year, per its Schaeffer's Volatility Scorecard (SVS) of 87 out of 100. 

Footwear stock On Holding AG (NYSE:ONON) looks ready to make a comeback after its June losses. The shares were last seen up 3.4% at $53.97, bouncing off support at their 80-day and 100-day moving averages after news of the U.S.-Vietnam trade deal. Plus, pullbacks to both of these trendlines have preceded bullish activity for the retailer in the past. 

Per Schaeffer's Senior Quantitative Analyst Rocky White, ONON is within 0.75 of both trendlines' 20-day average true range (ATR) after spending at least 8 of the last 10 days and 80% of the last two months above them.

Within this parameters, ONON has pulled back to the 80-day trendline seven other times in the past three years. The stock was higher one month later 86% of the time after these signals with an average 15.7% gain. The 100-day moving average has seen six similar signals during that time, after which the shares were higher one month later 83% of the time with an average 13.6% gain. 

The security is also in "oversold" territory, per its 14-day relative strength index (RSI) of 29.6. This could be indicative of a short-term bounce. 

Plus, ONON has plenty of short covering potential. Short interest has been building, and now represents 7.7% of the stock's available float -- over three days' worth of pent-up buying power. 

Crude stock Peabody Energy Corp (NYSE:BTU) is 1.9% lower to trade at $13.24 at last check, extending its long-term slide on the charts. BTU has already shed 37% in 2025, one of many oil names struggling of late. In fact, the security's pullback may have only just begun, as the shares are near a historically bearish trendline on the charts.

Per Schaeffer's Senior Quantitative Analyst Rocky White, the security is within one standard deviation of its 100-day moving average. BTU was below this this trendline in at least eight of the last 10 trading days and spent 80% of the last two months below it. Within these parameters, five other signals occurred in the past five years, after which the equity was lower one month later every time, averaging an 8.07% drop. A move of comparable magnitude would place BTU near $12.

All four covering brokerage firms carry a "strong buy" recommendation on Peabody stock, leaving ample room for bear notes moving forward. An unwinding of bullish sentiment amongst options traders could provide headwinds as well. BTU's 50-day call/put volume ratio of 1.83 at the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) ranks higher than 83% of readings from the past year. 

Now looks like a good time to weigh in with options, too. BTU's Schaeffer's Volatility Index (SVI) of 59% ranks in the 31st percentile of its annual range, meaning options traders are pricing in low volatility expectations. 

Real estate investment trust (REIT) Host Hostels and Resorts Inc (NASDAQ:HST) is up 4.4% at $16.03 at last glance, after Wells Fargo lifted its price target to $18 from $16, maintaining its "overweight" rating. Plus, the 50-day moving average just moved in as support, which has preceded bullish activity in the past. 

Per Schaeffer's Senior Quantitative Analyst Rocky White, the REIT is within 0.75 of its 50-day moving average's 20-day average true range (ATR) after spending at least 8 of the last 10 days and 80% of the last two months above it. Within these parameters, six other signals occurred in the past three years. HST was higher one month later 100% of the time after those instances, averaging a 3.7% gain. 

The security is also nearing "oversold" territory, per its 14-day relative strength index (RSI) of 34.4. This could be indicative of a short-term bounce. 

Though short interest has been unwinding while the firm bounces off its early-April lows, it still represents 5.3% of the equity's available float. It would take shorts over three days to cover their bets, at HST's average pace of trading. 

When weighing in, options look like a good way to go. HST's Schaeffer's Volatility Index (SVI) of 25% ranks in the 14th percentile of its annual range, meaning options traders are pricing in low volatility expectations. 

FTAI Aviation Ltd (NASDAQ:FTAI) stock is down 2.7% to trade at $115.34, heading for its lowest close since May 23. The aerospace concern is down 19.9% in 2025, but if past is precedent, could be ready to rally. 

FTAI is within one standard deviation of its 50-day moving average. For the purpose of this study, Schaeffer's Senior Quantitative Analyst Rocky White defines that as the equity trading above the moving average 80% of the time over the last two months, and closing north of the trendline in eight of the last 10 sessions.

Per White's data, 11 similar signals have occurred during the past three years. FTAI was higher one month later 82% of the time, averaging a one-month gain of 10.1%. From its current perch, a move of similar magnitude would put the stock back in its consolidation area, and eat into its nine-month deficit of 13.3%. Also worth noting on the chart below is the double bottom from earlier in the summer.

A short squeeze could nudge the shares along as well. Short interest fell 15.4% in the two most recent reporting periods, yet the 6.27 million shares sold short still account for 6.2% of FTAI's total available float. At the equity's average pace of trading, it would take shorts almost four trading days to buy back their bearish bets. 

Options are an attractive choice, per the equity's Schaeffer's Volatility Index (SVI) of 56% that sits in the 20th percentile of its annual range. This suggests options traders have lower-than-usual volatility expectations. FTAI has consistently exceeded their volatility estimates though, as reflected in its Schaeffer’s Volatility Scorecard (SVS) score of 90 out of 100. In other words, the security has historically delivered larger-than-expected price swings.

Auto stock General Motors Co (NYSE:GM) was last seen up 1.4% at $48.40. It's seen some choppy price action lately, but the 50-day moving average has moved in as close support. Furthermore, a pullback to this trendline has preceded gains in the past. 

Per Schaeffer's Senior Quantitative Analyst Rocky White, the stock is within 0.75 of the 50-day moving average's 20-day average true range (ATR) after spending at least 80% of the last 10 days and 80% of the last two months above it. Within these parameters, 12 other signals occurred in the past three years. GM was higher one month later 67% of the time after those instances, averaging a 5% gain. A move of similar magnitude would have the shares at $50.82 -- above recent pressure at the $50 mark. 

An unwinding of pessimism amongst options traders could provide tailwinds as well. Both GM's 10-day put/call volume ratio of 3.56 and 50-day put/call volume ratio of 1.15 at the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) rank higher than all other readings from the past year, indicating a very strong penchant for bearish bets.