ChartPros Market Insights

Costco (COST) was making headlines today as thousands of its workers prepared to strike with a midnight deadline drawing closer Friday while the worker's union and the company negotiated.

When we first featured Costco's chart it was trading around $675 back in December 2023 and has since cruised up and over $1000 just last month.

Looking back, wouldn’t you have loved to be ahead of the curve with us?

The 500 point NQ Trade

If you can draw a straight line, you can trade price action—it’s truly that simple.

The key?

Knowing exactly where to place that line.

See how.

Blackstone Inc. (BX) is an alternative asset management firm specializing in private equity, real estate, hedge fund solutions, credit, secondary funds of funds, public debt and equity and multi-asset class strategies. 

With the company's stock soaring in parabolic fashion for the better part of the last year we’ve received requests to analyze their chart using price action technical analysis—let’s take a closer look!

Marvell Technology, Inc. (MRVL) provides data infrastructure semiconductor solutions, spanning the data center core to network edge. The company develops and scales complex System-on-a-Chip architectures, integrating analog, mixed-signal, and digital signal processing functionality.

With tech stocks soaring in parabolic upswings, we’ve received requests to analyze Marvell's chart using price action technical analysis—let’s take a closer look!

Heartland Express, Inc. (HTLD) provides asset-based dry van truckload service for shippers; cross-border freight and other transportation services; and temperature-controlled truckload services.

Their share price has been in a decade-long downtrend, and by request, we’ll analyze the charts from a price action technical perspective to determine if "the bottom is in" or if further downside might be ahead.

Colgate Palmolive (CL) reports earnings January 31 before market open and analysts are speculating in the news of whether or not their share price will go up or down as a result.

We focus on analyzing price action to identify key levels of interest in both directions, allowing us to react strategically rather than speculate on a chart’s movement.

Check out the crucial levels we’ve pinpointed for actionable insights.

Apple (AAPL) is in the spotlight today as published reports highlighted "its share price is off to its worst start since 2008 and is now testing a critical technical level" (200 DMA).

The stock closed at $222.88, a significant jump from when we last featured their chart back in May 2024, when it was trading around $172.

Looking back, wouldn’t you have loved to be ahead of the curve with us?

Fox Corporation (FOX) is a prominent U.S.-based company delivering news, sports, and entertainment content.

It’s a brand that often sparks polarizing opinions—people either love to hate them or hate to love them.

Setting politics aside, FOX’s share price has been on a strong upward trend over the past nine months. With earnings scheduled for February 4 before the market opens, we’ve taken a closer look at their chart from a price action technical analysis perspective.

The S&P 500 (/ES) has taken traders on a roller coaster ride ever since setting its 6163.75 all time highs (ATH) back in mid December.  Seemingly, the Santa Clause rally came early this past Christmas.

Price made a tumultuous drop just before the holidays and the headlines were full of doom and gloom and words like "correction" were being tossed around like candy in a parade.

Today, we’ll dive into the recent volatility through the lens of price action technical analysis.

Discover Financial Services (DFS) is scheduled to release 4Q earnings results on January 22 after market close.

Their stock has been repeatedly making new all time highs (ATHs) 6 of the past 7 months and by request we'll take a deeper dive into the chart from a price action technical analysis perspective.

In this post we'll address these questions:

• How much higher can price go?
• If I own the stock where should I get out?
• If I don't own the stock but would like to get in what level should I look for?
• Should I just ignore this chart and come back in a few months and take another look?

We set out to come up with an intraday trade plan for the S&P 500 (ticker /ES).

After going through a pre-trade routine that included marking up the chart we went through the bigger market pictures to "listen in on the story" that the market was sharing.

Take a look at the bi-directional levels of interest we pinpointed for that day.