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June 12 Chart of the Day - S&P 500 Update

June 12 Chart of the Day - S&P 500 Update

One of the most frequently asked questions we get is:

Can the markets keep going higher?

The short answer is:

YES... It’s possible because the S&P 500 ticker /ES still has potential higher time frame targets in play.

Today we simply present multiple time frame charts as they speak for themselves...

June 11 Chart of the Day - Crown Castle

June 11 Chart of the Day - Crown Castle

Crown Castle, an enterprise provider of shared communications infrastructure, is making headlines this week as it streamlines capital expenditures in its fiber segment, cuts jobs, revises guidance and yada yada yada...

The company's stock price has been free falling the past 18 months so we wanted to review their chart from a price action technical analysis perspective.

Wait until you see what price recently did on this chart!

June 10 Chart of the Day - Kroger

June 10 Chart of the Day - Kroger

The U.S. Supreme Court declined on Monday to consider supermarket chain Kroger's request to block Grubhub's use of the food-delivery company's fork-and-knife logo based on allegations that it would cause confusion with the Kroger meal-kit service Home Chef's logo.

When we last featured Kroger in September 2023 price was about $44 and trading in a wedge and has since broken out to the upside so we wanted to review their chart again from a price action technical analysis perspective.

See where price could be heading next...

June 7 Chart of the Day - Airbus

June 7 Chart of the Day - Airbus

While many retail traders are focused on GameStop today we're going to feature Airbus (AIR). 

Airbus is a European multinational aerospace corporation making headlines recently as it began building a new A320neo-family assembly line in Toulouse, France to replace an older and less efficient facility and help speed up production.

Wait until you see what price recently did...

June 6 Chart of the Day - Disney

June 6 Chart of the Day - Disney

The next wave of Disney theme park expansion in the U.S. is primed to be in California rather than Florida. The global entertainment giant plans to invest $60B in parks and cruises during the next decade.

Since we last featured Disney back in May 2023 price went down about 15%, recovered to rise from there about 15% but is now essentially back in the same area having spectacularly gone nowhere for the buy and hold investors that were already in.

Price seemingly has been hanging on to big round number $100 level the past few weeks, see where it could go if the bulls drop the ball from here.

June 5 Chart of the Day - Accenture

June 5 Chart of the Day - Accenture

Accenture (ACN), a global business management consulting firm, is trending in the news lately and not for great reasons.

Unlike the broader markets which have essentially been on a meteoric rise the past several months, Accenture's stock price has been plunging most of this entire calendar year so we wanted to review their chart from a price action technical analysis perspective.

See what price could do by the end of this month.

June 4 Chart of the Day - Intel

June 4 Chart of the Day - Intel

Intel is making headlines this week as the company announced new data center chips to rival AMD and NVDIA.

In unspectacular fashion, their stock price essentially hasn't moved this week so we wanted to review their chart from a price action technical analysis perspective.

When we last featured Intel on June 22, 2023 price had been range bound roughly between $25 and $37 for quite some time.

See where price is today and where it could be going.

June 3 Chart of the Day - iShares MSCI Mexico ETF

June 3 Chart of the Day - iShares MSCI Mexico ETF
The Mexican Peso experienced its worst single-day performance in four years following Claudia Sheinbaum‘s victory in the presidential election held on Sunday.

Whether you're a trader or an investor, ETFs such as the iShares MSCI Mexico ETF (ticker EWW) seeks to track the investment results of a broad-based index composed of Mexican equities so we wanted to review its chart from a price action technical analysis perspective.

May 31 Chart of the Day - Bristol Myers

May 31 Chart of the Day - Bristol Myers

Bristol Myers Squibb has been trending in the news lately and making headlines for various reasons.

Regardless, when we last featured their chart from a price action technical analysis perspective back in November 2023 the bears were in control back then and have been ever since.

But is that about to change?

May 30 Chart of the Day - Salesforce

May 30 Chart of the Day - Salesforce

Salesforce is making headlines as their shares slid over 20% so far today, the most in almost two decades after projecting the slowest quarterly sales growth in its history, renewing concerns that the company will be left behind in the artificial intelligence boom.

We've fielded a lot of inquiries regarding their chart in the past few hours and after performing a price action technical analysis review our answer simply is "not yet..."

See where price could be heading.

May 29 Chart of the Day - American Airlines

May 29 Chart of the Day - American Airlines
American Airlines (AAL) is making headlines as it slashed second quarter guidance and announced the departure of its chief commercial officer. This has raised concerns among analysts and investors so we wanted to review their chart again from a price action technical analysis perspective.

When we last featured AAL back on January 16, 2024 the bears were firmly in control of this chart and quite frankly still are.

But is that about to change?

May 28 Chart of the Day - Thermo Fisher Scientific

May 28 Chart of the Day - Thermo Fisher Scientific
Precision oriented price action technical analysis by far provides the best edges and most setups for traders and investors across the markets so ...