Chart of the Day - Thursday, January 8, 2026

By Patrick Dunuwila

January 8, 2026
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🏆 Today's Chart of the Day was shared by Jack Tacher (@alphacharts365).
 

  • Apple ($AAPL) closed lower for the seventh consecutive session, putting the stock on pace for its worst week in three months.
     
  • Historically, similar seven-day losing streaks have often marked periods of exhaustion, with $AAPL tending to trade higher over the following month and quarter. 
     
  • Price is now retesting prior all-time highs, and a successful bounce could help support the Nasdaq as it continues to lag the other major indexes.
     

The Takeaway: Apple’s extended pullback may be nearing a floor, with comparable past declines suggesting a rebound over the intermediate term.

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Patrick Dunuwila

Editor, The Chart Report

Patrick Dunuwila is the Co-Founder and Editor of The Chart Report, a popular technical analysis newsletter read by thousands of investors worldwide every day. Patrick is a Chartered Market Technician (CMT) with over a decade of market experience. Prior to launching The Chart Report, he worked as a proprietary trader at Benchmarq Technologies in New York City. He's originally from Syracuse, NY, and currently resides in San Diego, CA.

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