Momentum Dashboard 🟢 🔴 🟡 Basic Materials

Research Notes January 2026 > https://www.unum.capital/post/rjan2026

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Data based on the weekly chart and is subject to change.

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Sector: Basic Materials

Industry: Chemicals The reward-to-risk remains neutral to slightly positive; price and momentum are moving in lockstep, making this a sector for "Stable Momentum" plays. Risk is mitigated by entering only on clean breakouts to avoid being caught in sideways consolidation.

Industry: Metals & Mining Current R:R is skewed negatively in the short term as several heavyweights hit extreme momentum thrust levels. While the primary secular trend is exceptionally strong, entries now carry a high risk of a mean-reversion correction, necessitating a "Momentum Trimming" stance for existing positions.

Industry: Gold Massive alpha has been generated, but short-term R:R has become dangerously stretched. The strategy shifts to locking in gains as indicators hit historical exhaustion peaks, with the intent to re-enter only after a deep reset of the 2-period and 7-period indicators.

Lester Davids

Senior Investment Analyst: Unum Capital