Eaton basically didn't move, but the closing price of 448.19 marks a new 60-day high, and the deviation of all three moving averages has expanded to 8-10%—8.2% above the 9-day line, 9.5% above the 21-day line, and 9.9% above the 50-day line, with an RSI of 65.6. Such a neat alignment of deviations indicates that this rally was driven in one breath, without any significant pullbacks in between.

Charles Schwab also remained largely unchanged, closing at 107.66, just 0.3% away from its 60-day high. The RSI is at 70, just touching the overbought line, while it stands 11.5% above the 50-day moving average.

The issue with both stocks is the same: they are at high levels and momentum remains strong, but they are too far from the medium-term moving averages. For Eaton, a pullback to the 21-day moving average would be around 409, and for Charles Schwab, around 103.5. These are the levels where the risk-reward ratio would be more suitable for adding positions. Chasing the current price would result in a very wide stop-loss space.