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Is a Big BEN Breakout Coming? (BEN)

 
   
     
   
   
Uh oh.

After being fairly resilient in the new year, the stock market is tanking. 

Trade war tensions are back with a vengeance as the U.S. and Europe are in deep disagreement over the United States’ interest in Greenland. The threat of new tariffs seems real – and markets are selling off all over the place.

Investors are worried this could be the start of the pullback so many Bears have been calling for. 

Here’s the chart for SPY:
 
 
Because government policies have been reversed many times in the past year, there’s always a chance that this negativity won’t last. But it’s not looking good at the moment.

As far as sentiment, the market is more pessimistic. The Fear & Greed Index is surprisingly only down to 51 (from 55) and is in Neutral mode:
 
 
At the same time, Franklin Resources, Inc. (BEN) has been quietly surging toward a breakout level.  

Here’s the chart:
 
 
After a dip toward the end of last year, BEN has been shooting straight upward. While it’s down today like everything else, it looks like it could be poised to break out (if the market bounces back).

A break above $26.25 could lead to a move back up to the $33 level.

We’ll keep an eye on it.

Happy trading,
—The ProsperityPub Team

We make no future earnings claims, and you may lose money. From 10/02/24 to 09/22/25, the average win rate was 81.2% on live published trades. The average return on options trades was 3.4% over a one day hold time with an average winner of 24.5%
   
 
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