ChartPros Market Insights

So when we looked at the Crude Oil chart (/CL) this morning and saw price tanking again we asked our self... "hmmmmm.....wonder where oil prices could be heading?" 

While it's never a straight shot it sure was pleasantly surprising to see as a consumer that technically speaking that the $50 area is in play.

Keep reading to see how...

PayPal is in the headlines today as it added another recognizable partner to its list: Shopify.

PayPal CEO Alex Chriss and his team have been working to generate a turnaround, and they're seeing some progress.

So we wanted to review their chart from a price action technical analysis perspective.

Wait until you see the very familiar looking pattern that has formed on this chart.

US Steel stock price has been moving backing and forth in a range for the last decade, with a failed attempt to break out late last year. 

It has since been tumbling down and that tumble increased when recent reports stated that the Biden administration told Nippon Steel in a letter recent letter that its $14.9 billion acquisition of U.S. Steel would pose a national security risk by harming the American steel industry, leading some to believe the U.S. is poised to block it.

Guest post by Darren Bush, ChartPros Sr. Trade Room Member.

Medical device provider Zimmer Biomet (ZBH) shares dropped over 8% on Thursday after the company disclosed significant challenges stemming from an enterprise resource platform (ERP) transition.

The company's management team is working with third-party consultants to address the issue but until a fix is in place analysts believe the stock and earnings outlook remain under pressure from the ongoing ERP transition challenges.

Their stock is trading down over 8% today so we wanted to review their chart from a price action technical analysis perspective.

Wait until you see where a potential "sweet spot" confluence area on the chart is...

Before the market opened Wednesday morning, discount retailer Dollar Tree published results for its fiscal second quarter that missed terribly and they also issued revised downward guidance for the future...

Needless to say their stock price is getting hammered today, down about 25% so we wanted to review their chart from a price action technical analysis perspective.

See the last chance levels for the bulls to step back in...

Anheuser-Busch (BUD) likely needs no introduction or background information as most consumers and traders know the BUD story all too well.

The company has been absent from the headlines recently so we wanted to check in on them and review their chart 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.

• Billions (the hit series on Showtime)
• Shark Tank
• Blue Bloods (my dad is a retired police officer)
• Trading Education Courses...

Yes, Trading Education Courses!

See which ones...

Ulta Beauty is making headlines today as the company's earnings report fell short on Thursday of second-quarter expectations and trimmed its full-year guidance after a decline in same-store sales during the most recent period.

It was the company’s first earnings per share miss since May 2020 and first revenue miss since December 2020 so we wanted to review their chart from a price action technical analysis perspective.

We have featured over 250 Charts of the Day since May 2023.

Dell Technologies Inc. is a multinational technology company headquartered in Texas.

Dell typically ranks in the top half of the Fortune 100 list and has been mentioned in recent headlines for their part in providing artificial intelligence (AI) servers to NVIDIA among other top industry names.

The company reports earnings after market close on Thursday...

See where price could be trading on Friday!

Nvidia by far has been the most requested chart in a very long time.  Most likely because they report earnings after the closing bell today.

We intentionally waited until the last few hours of regular trading hours (RTH) so as to obtain the latest at the money straddle options cost to determine what move the market is anticipating in either direction by the end of this week.

So with that in mind we're going to just cut to the chase and provide you the weekly and daily charts with the levels of interest of where price could go based on price action technical analysis.

Chewy, Inc. is a Florida based online retailer of pet food and other pet-related products that went public in 2019. 

While there's not decades of historical price action data that we would prefer when reviewing any chart we wanted to review their chart from a price action technical analysis perspective because the company reports earnings Wednesday before market open.

See where price could be trading by this Friday.

Box, Inc. develops and markets cloud-based content management, collaboration, and file sharing tools for businesses.

The company has over $1B in annualized revenue and reports earnings after market close on Tuesday so we wanted to review their chart from a price action technical analysis perspective.

Wait until you see the pattern we discovered on their chart!