ChartPros Market Insights

July 10 Chart of the Day - Qualcomm

July 10, 2024

Qualcomm is routinely in the headlines as a benefactor from the AI industry's hyper growth. As a result, the company is coming off fresh $230.63 all time highs set just about a month ago.

When we last featured Qualcomm back in September 2023 the company's share price was trading at $110.

Don't you wish you followed us then?

Today, we'll take another look at their chart from a price action technical analysis perspective.

Posted in AI, AI Stocks, All Time Highs, Chart of the Day

July 1 Chart of the Day - Google

July 01, 2024

According to published reports Rosenblatt Securities has downgraded Alphabet's (GOOG, GOOGL) stock to Neutral from Buy and trimmed its price target. The firm cites transitional risks and increasing competition as key factors in its decision.

Since GOOG price recently made fresh all time highs (ATH) and faded some is the downgrade warranted or simply window dressing?

We'll take a look at their chart from a price action technical analysis perspective so you can decide for yourself.

Posted in AI Stocks, All Time Highs, Artificial Intelligence, Chart of the Day, Fibonacci, Google

Monthly S&P 500 Chart

May 11, 2024

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.

Posted in AI Stocks, All Time Highs, Chart of the Day, Funded Trader Program, Market Education and Training, Price Action Technical Analysis, Technical Analysis, Top Story, Trade Room

April 2 Chart of the Day - Gold

April 02, 2024

Gold (ticker /GC on Think or Swim) has been on a massive bull run making multiple new all time highs (ATH) since Thanksgiving time frame and now it's becoming almost a weekly occurrence.

We see all the headlines calling for Gold $3000 and even $5000... and while that's totally possible, price never moves in a straight line - and we all know that any market cycles up and cycles down.

We've had many requests to identify upside targets for gold, which is not the same as calling a top!

See what we came up with!

Posted in AI, AI Stocks, All Time Highs, Bitcoin, Chart of the Day, Crypto, Gold