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May 20 Chart of the Day - USD/CAD

May 20 Chart of the Day - USD/CAD

Yes, the NHL playoffs are in full swing and it was about this same time last year when we last featured the Forex pair USD/CAD from a price action technical analysis perspective.

Plus, this is one of 16 charts we post daily in our highly rated members only trade room.

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May 17 Chart of the Day - Union Pacific

May 17 Chart of the Day - Union Pacific

Union Pacific Railroad (UNP) is the second largest railroad in the U.S. that operates 8,300 locomotives over 32,200 miles with routes in 23 U.S. states west of Chicago and New Orleans.

The company was in some headlines this week that touted "unusual options activity" in their stock but honestly after reviewing the report we deemed it to be somewhat of a "click bait" headline. 

We decided to review their chart from a price action technical analysis perspective nonetheless.

All Time Highs - to trade or not trade webinar replay

All Time Highs - to trade or not trade webinar replay

Learn the top strategies for trading all time highs and managing risk.

Many equities and indexes are at or near their tops. Trading all time highs (ATH) can be a risky proposition because there is less historical data available at these levels.

Join ChartPros for this informative and potentially money making/saving webinar replay to help boost your trading confidence, consistency, and trading results.

May 16 Chart of the Day - Under Armour

May 16 Chart of the Day - Under Armour
Under Armour (UAA) forecast a surprise drop in annual sales and projected profit below analysts' estimates on Thursday, as the sportswear maker laid out a plan to simplify its business and cut jobs in the face of weak demand in the US.

The company's weak projection echoed disappointing forecasts from sportswear peers Nike and Lululemon Athletica so we wanted to review Under Armour's chart from a price action technical analysis perspective.

May 15 Chart of the Day - American Electric Power

May 15 Chart of the Day - American Electric Power

American Electric Power is in the headlines this week for a variety of reasons including announcing it signed an agreement to sell its distributed resources business, AEP OnSite Partners as well as disclosing earlier today its 1,194-net megawatts Cook Nuclear Plant Unit 2 in Michigan has been manually tripped offline after a steam leak was discovered on May 14.

So we wanted to view their chart from a price action technical analysis perspective to determine where the recent strong uptrend could be going.

May 14 Chart of the Day - Alibaba

May 14 Chart of the Day - Alibaba

Alibaba Group Holding Limited (BABA) stock is trading lower Tuesday after the company reported disappointing quarterly results. 

Net income plunged 86% Y/Y to $453 million due to net loss from its investments in publicly traded companies during the quarter. Adjusted net income declined 11% Y/Y to $3.38 billion. 

Company management said "yada yada yada..." so we wanted to review their chart from a price action technical analysis perspective.

See where price could be heading.

May 13 Chart of the Day - Charles Schwab

May 13 Chart of the Day - Charles Schwab

The company reportedly completed its last batch of TD Ameritrade client migrations this past weekend bringing the bulk of the heavy lifting to a close.

Now the question becomes can Schwab retain these newly acquired clients and delivery profitable and satisfactory services so we wanted to take another look at their chart from a price action technical analysis perspective.

Price has risen from the $50s to the mid $70s since we last featured them.  See where price could be heading next.

Monthly S&P 500 Chart

Monthly S&P 500 Chart
Higher time frame analysis helps to paint a clearer picture and remove the shorter term intra day volatility.  Once you begin to include this as a habit in your trading routine you may just begin to question the doom and gloom headlines every time the markets drop a day or two.
 
See our latest S&P 500 (/ES) Monthly chart layered with traditional bull low to high Fibonacci levels.

May 10 Chart of the Day - Ralph Lauren

May 10 Chart of the Day - Ralph Lauren

Ralph Lauren is an American fashion designer, philanthropist, and billionaire businessman, best known for founding the brand Ralph Lauren (RL), a global multibillion-dollar enterprise.  

The company has been making headlines as its price recently tested all time highs set over a decade ago.

Price is fading now but see where the bulls could step back in and potentially continue making higher highs and higher lows.

May 9 Chart of the Day - The Utilities Select Sector SPDR Fund

May 9 Chart of the Day - The Utilities Select Sector SPDR Fund

The Utilities Select Sector SPDR Fund (XLU) seeks to provide investment results that deliver an effective representation of the utilities sector of the S&P 500 Index.

The fund is making headlines this week because it has risen 10 of the past 13 weeks so we wanted to review the chart from a price action technical analysis perspective.

See the upcoming price levels that could provide strong resistance and knock the bulls back down.

May 8 Chart of the Day - Shopify

May 8 Chart of the Day - Shopify

Shopify is a leading e-commerce platform for online stores and retail point-of-sale systems that reported disappointing projected growth during its earnings call.

Its share price was trading down about 20% earlier today so we wanted to review their chart from a price action technical analysis perspective.

See what price level the bulls could step back in after today's abrupt drop.