ChartPros Market Insights

Why did the global markets drop sharply today? What does it have to do with Japan?

And what is a "carry trade?"

It turns out those questions are all closely related so we'll address them and review the USD/JPY foreign exchange pair from a price action technical analysis perspective.

ACCO Brands is home to some of the world’s most iconic academic, consumer and business products. Remember that black and white Mead composition notebook that served as your diary? Or maybe the iconic Swingline stapler? Those are both part of the ACCO Brands portfolio — and about a thousand more!

By request we'll take a look at their chart today from a price action technical analysis perspective.

We have featured over 250 Charts of the Day since May 2023 and teach Price Action Trading for FREE  to traders who join our Highly Rated Trade Room.

While many investor's and trader's eyes were on Apple and Amazon for earnings after market close on Thursday August 1st we also had our eyes on Intel (INTC) for their earnings announcement.

Intel missed on top and bottom line, announced a cost-cutting plan to slash jobs, and suspend their dividend.

Shares of the chipmaker plummeted more than 16% on the news in after market trading.

See the levels where price could open up Friday.

MetLife is among the largest global providers of insurance, annuities, and employee benefit programs, with around 90 million customers in over 60 countries.

The company reports earnings after market close today and is testing all time highs (ATH) so we wanted to review their chart from a price action technical analysis perspective.

See where price could be heading in the next week.

Tech giant Microsoft (MSFT) has been in the headlines recently with respect to the recent Global IT outage and their stock price has since "gotten a haircut" as they say.

The company reports earnings Tuesday July 30 after market close so we wanted to review their chart from a price action technical analysis perspective.

See where price could be heading by this Friday.

Corning Incorporated is a US based global technology company that specializes in specialty glass, ceramics, and related materials and technologies including advanced optics, primarily for industrial and scientific applications.

The company was named Corning Glass Works until 1989.

We wanted to review their chart from a price action technical analysis perspective prior to their earnings release before market open on Tuesday.

See where price could be heading by this Friday.

Houston based energy solutions provider Baker Hughes (BKR) boasts it serves customers in over 120 countries, has 55,000 employees, and $25B annual revenues spread between oilfield services and equipment & industrial energy technology.

The company is in the headlines this week for surpassing Wall Street's earnings estimate so we wanted to review their chart from a price action technical analysis perspective.

Wait until you see what formation we discovered on this chart!

3M, the iconic maker of Post-It notes and a vast array of industrial and consumer products is set to report earnings before market open on Friday July 26.

The company made headlines earlier this year because it has maintained a dividend for the past 100 years, with 64 consecutive years of increases but announced that would be changing this year as a result of its healthcare business spinoff.

See where price could be heading by this Friday.

Valero Energy Corporation is a Texas based fuels producer mostly involved in manufacturing and marketing transportation fuels and other related products.

The company reports earnings before market open on Thursday July 25 so we wanted to review their chart from a price action technical analysis perspective.

See where price could be heading by this Friday.

According to published reports, Chipotle Mexican Grill (CMG) is the largest fast-casual chain restaurant in the United States, with systemwide sales of $9.9 billion in 2023 and nearly 3,440 stores ending the same period.

The company reports earnings Wednesday July 24 after market close so we wanted to review their chart from a price action technical analysis perspective.

See where price could be heading by this Friday.

Nucor Corporation is the largest steel producer in the United States and the largest recycler of scrap in North America. The Charlotte, NC based company is the 16th-largest steel producer in the world.

Share price has risen during the week of earnings 7 of the last 8 quarters however, it was last quarter that saw the fall and it was a big one.

They report earnings after the bell today so we wanted to review their chart from a price action technical analysis perspective.

See the upper and lower price targets for this week.