ChartPros Market Insights

HubSpot, Inc. (HUBS) is in the headlines today because published reports stated that Google's parent Alphabet has been talking to its advisers about the possibility of making an offer for HubSpot, an online marketing software company with a market value of $35 billion, people familiar with the matter said.

As one could imagine, this drove the company's stock price up in early trading today so we wanted to review their chart from a price action technical analysis perspective.

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!

United Airlines is making headlines today because published reports state that the company is asking pilots to take unpaid time off in May and possibly through the summer because of a shortage of new Boeing planes.

We wanted to review their chart from a price action technical analysis perspective because it seems like the airline industry woes just continue to pile up.

See the unique pattern we found on this chart...

Semtech Corporation is a high-performance semiconductor, IoT systems and Cloud connectivity service provider that reports earnings after market close today.

We wanted to review their chart from a price action technical analysis perspective because there's been a lot of upside price movement yesterday and today ahead of earnings... 

Wait until you see the pattern we found on this chart and where price could be heading!

SoFi Technologies, Inc. (SOFI) is a San Francisco based online personal finance company and online bank. SoFi provides financial products including student loan refinancing, mortgages, personal loans, credit card, investing, and banking through both mobile app and desktop interfaces.

One of the biggest reasons we even looked at this chart is because we see soooooo many traders posting and chatting about it on social media explaining why price has bottomed and has no where to go but up...

Not so fast my friends!

Attention all chocolate lovers… the cost of cocoa per metric ton has doubled in a very short time so stock up on your favorite chocolates while you can still get them…

Cocoa futures surged above an unprecedented $10,000 a metric ton, extending a historic rally which is raising the cost of chocolate.

Companies like Hershey are in the headlines this week as they use cocoa as a primary ingredient in their products so we wanted to take a look at their chart from a price action technical analysis perspective. 

Grand Canyon Education, Inc. (LOPE) was incorporated in 2008 to usher in the next era of Grand Canyon University (GCU).

And yes, it's the same Grand Canyon University that played in the NCAA March Madness tournament that so many of you asked about...

Seeing that they're pretty good on the court we wanted to take a look at their chart from a price action technical analysis perspective.

Nike (NKE) reported holiday sales that beat expectations, but reported less than a rosy outlook as its growth in China continued to slow.  Shares fell today over 6% down to the $92 area.

Seeing a headline like this we decided to take a look at their chart from a price action technical analysis perspective to see where price could be heading.

See what apparently could be a "last chance" level for the bulls to step in before price possibly falls more.

Ansys (ANSS), a NASDAQ 100 company, develops and markets CAE/multiphysics engineering simulation software for product design, testing and operation and offers its products and services to customers worldwide.

The company made headlines this week by announcing they recently strengthened their collaboration with NVIDIA (NVDA) to boost the advancement of simulation solutions backed by pioneering technologies like computing and generative AI.

With this in mind we set out to review their chart from a price action technical analysis perspective.

Today at 2pm eastern the US Federal Reserve will announce its decision on whether or not to change interest rates.  The announcement is followed by a press conference with Fed Chair Jay Powell.

Seems like each one of these interest rate, inflation, or employment related news days lately brings with it more and more volatility with the same old question of "how much higher can the markets go?"

See our planning charts BEFORE the FOMC announcement.

AstraZeneca (AZN), a global pharmaceutical provider, is making headlines as it announced its acquisition of Fusion Pharmaceuticals (FUSN), a Canadian drug developer, in an all-cash deal valued at $2 billion. This strategic move aims to bolster AstraZeneca's presence in the oncology space.

Wait until you see the price action chart patterns we found and where price could be heading