ChartPros Market Insights

Price action technical analysis is a popular and effective approach to navigating the financial markets, including stocks, options, futures, Forex, Crypto, and Commodity trading.

This article will provide expert tips and insights to help you successfully trade various financial instruments using price action technical analysis. By understanding and applying these concepts, you can improve your trading skills and potentially achieve greater profitability.

Before market open today Best Buy (BBY) released its earnings results for the last quarter that pleased Wall St as its stock price popped in after hours trading.

But can the company fundamentally and technically speaking keep defending "lines in the sand" with respect to price action?

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Is more downside incoming for Footlocker (FL)?

The footwear retailer reported dismal earnings last week and an even bleaker future outlook.  With bloated inventories and diminishing cash flow its future dividend sustainability is a huge question mark.

Is a dead cat bounce in store for the company? Maybe, but perhaps not anytime soon.

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Alibaba Group Holding Limited (NYSE: BABA and HKEX: 9988, "Alibaba" or "Alibaba Group") will report its unaudited financial results for the quarter and fiscal year ended March 31, 2023 before the U.S. market opens on Thursday, May 18, 2023, and will hold a conference call to discuss the financial results at 7:30 a.m. U.S. Eastern Time (7:30 p.m. Hong Kong Time) the same day.

For the last 8 quarters price has advanced 50% of the time and declined 50% of the time during earnings week. 

Would you like charts like this delivered directly to you every day?  ChartPros Trade Room is offering a 7-day free trial at this link.

Home Depot (HD) is set to report earnings before market open on Tuesday May 16, 2023.  Based on recent options activity the market is anticipating about a $14.65 move in either direction by the close of market on Friday May 19th.

Would you like charts like this delivered directly to you every day?  ChartPros Trade Room is offering a 7-day free trial at this link.

You'll see the only Price Action tools needed that are native to every charting platform and how to apply them in the current volatile conditions.

As a BONUS participants will be introduced to the ChartPros Trade Entry Timing Tool that can be used anticipate market moves across a variety of timeframes and trading styles!

Recorded Thursday November 3rd, 2022 04:30 PM Eastern Time 

We frequently get asked "How High Can the Markets Go?"

The true answer is no one really knows for sure but technical analysis can help determine potential targets.

Once a market reaches its target there's no telling what can happen then.  The prudent thing as a trader is to allow it time to develop new structure.

Learn the top strategies for trading all time highs and managing risk.

Many equities and indexes are at or near their tops. Trading all time highs (ATH) can be a risky proposition because there is less historical data available at these levels.

Join ChartPros for this informative and potentially money making/saving webinar to help boost your trading confidence, consistency, and trading results.