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September 22 Chart of the Day - Darden Restaurants

September 22 Chart of the Day - Darden Restaurants

Darden Restaurants, Inc. (DRI) reported Thursday that it surpassed projected earnings in spite of less than spectacular fine dining sales.  Today its stock price is trading down.

You may be familiar with one or more of their restaurants: Olive Garden, LongHorn Steakhouse, Yard House, Ruth's Chris Steak House, Cheddar's Scratch Kitchen, The Capital Grille, Seasons 52, Eddie V's and Bahama Breeze.

September 21 Chart of the Day - Pfizer Update

September 21 Chart of the Day - Pfizer Update

This is a Pfizer (PFE) chart update for the May 17 Chart of the Day.

Original Post May 17

September 20 Chart of the Day - Citigroup

September 20 Chart of the Day - Citigroup

Citigroup's CEO recently announced layoffs in the face of declining demand caused by the Federal Reserve's raising interest rates by 5.25% since March 2022...

What's extremely noticeable on the monthly chart is its parabolic rise and meteoric fall over time.  Not too unlike AMC or Peloton.

Price may soon be approaching a significant decision... 

September 19 Chart of the Day - Lennar Corp.

September 19 Chart of the Day - Lennar Corp.

Lennar Corp. (LEN) based in Miami, is one of the two largest builders of new homes and communities in some of the nation’s most popular cities.

When looking at a chart we like to see how far back in time there is historical price action to review and this chart doesn't disappoint!  There's price action dating back to the 1980s which can typically provide great insights into directional assessment and overall market sentiment.

Wait until you see what we found on this chart...

September 18 Chart of the Day - Amgen

September 18 Chart of the Day - Amgen

The Federal Trade Commission last week allowed Amgen to move forward with its $27.8 billion acquisition of Horizon Therapeutics under a settlement agreement – a move that could have ramifications for a string of other pharmaceutical industry buyouts.

We often debate whether or not price action technical analysis drives price movement or news...

See where price could be heading.

September 15 Chart of the Day - Dollar General

September 15 Chart of the Day - Dollar General

Dollar General (DG) has been in a "free fall" and is down over 50% this year..

You know the old saying "don't try to catch a falling knife."

We'll leave it at that and a view of the monthly chart.

September 14 Chart of the Day - MGM

September 14 Chart of the Day - MGM

Shares of MGM Resorts International (MGM) fell after the hotel and casino operator informed the Securities and Exchange Commission (SEC) about a cybersecurity attack, suggesting it will have a material effect on the company.

See the monthly and weekly charts as we've identified levels of interest in both directions in trying to determine and answer the question of "where could price go..."

September 13 Chart of the Day - AUD/JPY

September 13 Chart of the Day - AUD/JPY

Today we'll take a look at the Forex pair AUD/JPY.  We can see on the weekly chart that price has steadily been making a series of higher highs and higher lows since April 2020. 

During its ascent price has risen from 60 to nearly 100.  But is it running out of steam?

Perhaps but not necessarily...

September 12 Chart of the Day - Oracle

September 12 Chart of the Day - Oracle

Oracle (ORCL) released its quarterly earnings after the bell on Monday and its stock price dropped about 10% in after hours trading.  Some analysts said the drop was based on slowing cloud sales...

But is the drop based on news or just plain price action technical analysis?

September 11 Chart of the Day - Qualcomm

September 11 Chart of the Day - Qualcomm

Each September 11th I reflect on the lives that were lost that day back in 2001 and all the brave men and women who at anytime worked so hard and sacrificed to protect our great country.  And because of them we sleep freely and soundly at night so thank you to all who serve and protect us.

Today's Chart of the Day is Qualcomm (QCOM), their price jumped this morning on the news that they will provide Apple with 5G chips for the iPhone through 2026.

But was that really the reason?  Maybe...

September 8 Chart of the Day - Smith and Wesson

September 8 Chart of the Day - Smith and Wesson

Smith and Wesson (SWBI) reported better-than-expected financial results on Thursday and their stock is trading about 10% higher today up near $12 a share.

Yeah ok, but from a price action technical analysis perspective does any of that really mean anything to us?

Not really.

We're chartists and traders/investors that only focus on price action.

See where price could be heading... 

 

September 7 Chart of the Day - Cisco

September 7 Chart of the Day - Cisco

Cisco Systems (CSCO) is trading in the $60 area again for only the third time since 2018 and before that it was 20+ years ago.

So are those levels here to stay?  Maybe... but maybe not.