ChartPros Market Insights

Boyd Gaming has been in the headlines recently for its stock price run up, dividend announcement, and benefiting from a robust demand in sports betting.

Before today we've never taken a look at their chart.

Upon initial review a few observations immediately come into focus.

See what they are!

Traditionally, many people make New Year's resolutions. Some promise themselves that they'll eat better, lose weight, behave nicer, stop bad habits, start new habits... You've probably been there done that.

But what about your trading? Have you made resolutions before? Like have more discipline? More patience? Stop chasing trades? Some may even consider quitting trading altogether?  

See what our New Year resolutions are...

The ChartPros editorial staff will be celebrating the holidays with friends and family from December 22 until January 2 and our highly popular Chart of the Day will resume after the new year.

Merry Christmas and Happy New Year!

CVS Pharmacy (CVS), one of the largest pharmacy chains with over 9000 locations, announced earlier this month that it is launching a new reimbursement model, CVS CostVantage, that will reset how reimbursement happens in an industry and ensure drug prices reflect how much pharmacies pay for the drugs themselves.

That, along with other cost savings measures, has lifted the company's stock price over 20% during the past two months. 

See where price could be heading...

ProShares UltraPro Short S&P 500 (SPXU) seeks daily investment results, before fees and expenses, that correspond to three times the inverse (-3x) of the daily performance of the S&P 500.

Is it time to start considering?

Warehouse retailer Costco (COST) is making headlines this week for three significant reasons.

See what they are in our Chart of the Day!

US Steel (X) apparently has agreed to be acquired by Japan's Nippon Steel for $14.9B cash which comes out to $55 per share.

In what turned out to be a bidding war Nippon outlasted Cleveland-Cliffs $35-per-share cash-and-stock bid for U.S. Steel.

A couple of question immediately come to mind regarding this transaction.

As you and many other traders with ambitious income goals may have recently noticed several equities and indexes are at or near their all time highs (ATH). 

Today we'll take another look at the Nasdaq 100 futures index (/NQ) in an attempt to answer the question "where could price be heading."

To help us, we recently dusted off and pulled from our vault a previous FREE Market Insights Briefing titled "All Time Highs - to trade or not trade."

After shrinking its position in the first and second quarters earlier this year, Warren Buffet's Berkshire Hathaway sold out of its stake in Celanese during the third quarter. The position was established in the first quarter of 2022. 

Celanese has been in the headlines recently for other reasons.

See why.

Once again the S&P 500 (/ES) is our chart of the day ahead of the final scheduled news catalyst for 2023 - the FOMC Statement and follow up press conference with Fed Chair Jerome Powell starting at 2pm eastern today.

Last FOMC Day the S&P 500 futures (ticker /ES) initially spiked up 15 points, spiked down 20 points, then surged 45 points all in the 2hrs after the FOMC statement and follow up press conference.

Be prepared for similar volatility this afternoon... before then anticipate potential choppy or sideways price action.

The United States Oil Fund® LP (USO) is an exchange-traded security whose shares may be purchased and sold on the NYSE Arca. USO’s investment objective is for the daily changes, in percentage terms, of its shares’ net asset value (NAV) to reflect the daily changes, in percentage terms, of the spot price of light sweet crude oil delivered to Cushing, Oklahoma, as measured by the daily changes in the Benchmark Oil Futures Contract.

Now that we've defined what the investment vehicle is let's take a look at its chart.