SCHW is rated Underweight with a 15-20% trim recommendation into the $107-108 resistance zone, maintaining a trailing stop at $103.86. New capital should not be deployed; tiered re-entry is planned at $105-106 on RSI cooling to 55-60, with a second tranche on MACD line crossing above zero. Consider hedging with 60-90 day puts at $100-102 into Q3 2026 earnings.