ChartPros Market Insights

Pepsico, Inc. (PEP) has fallen significantly from its $196.88 all time high (ATH) earlier this year and is trading in the $165 area today.

Whenever charting something for the first time we always start on a higher time frame monthly chart to build out support/resistance and trend.

More times than not we'll then go down to a weekly or daily chart to identify potential levels of interest in both ways.

However, on this chart we prefer the monthly time frame to cancel out some of the "noise" on lower time frame charts.

Sturm, Ruger & Co., Inc. (RGR) is one of the nation's leading manufacturers of rugged, reliable firearms for the commercial sporting market. With products made in America, Ruger offers consumers almost 800 variations of more than 40 product lines, across both the Ruger and Marlin brands. 

The monthly chart for Ruger could be described as "a bunch of lines and confusion..."

So whenever this happens we'll drill down a time frame or two and see if anything interesting presents itself.  And in this case it does.

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Exxon Mobil (XOM) is the world's largest nongovernment-owned energy company.  Today we'll take a look at the company's chart using only Support / Resistance and Trend as taught in our MOST POPULAR price action technical analysis course.

On the monthly chart we can see price retreating from its $120.70 all time high (ATH) back down towards previous structure.

One could develop a trade plan simply from this chart without costly indicators, signals, studies...

Constellation Brands, Inc. (STZ) is a provider of premium wine, the number one beer importer and the number three beer company in the U.S.

The company’s brand portfolio includes Corona Extra, Corona Light, Modelo Especial, Modelo Negra, Pacifico, Ballast Point, Robert Mondavi, Clos du Bois, Kim Crawford, Meiomi, Mark West, Franciscan Estate, Ruffino, Jackson-Triggs, SVEDKA Vodka and Casa Noble Tequila.

According to published reports, Visa (V) is one of Warren Buffet's top 30 holdings so beyond the typical news cycles the company receives attention for being on the "Oracle of Omaha's" most cherished list.

But is the company worthy of all the extra attention?  Maybe...

From a price action technical analysis perspective we really don't care whose list a company may be on or what analysts think or say about a company.

All we care about is price action.

LET'S GET READY TO RUUUUMMMMMBBBBBBLLLLLLEEEEEEE!!!!

Today we'll take a look at the weekly S&P 500 (/ES) chart where we can see a major upcoming decision that price will be making.

What's at stake is control for the bulls vs bears...

Fast food provider Jack In The Box (JACK) is making headlines this week as it approaches its 52 week low.

But as price action technical analysis chartists should we really be concerned with headlines or levels like that?

Sometimes, but in this case not so much...

Kroger (KR) is one of Warren Buffets top 30 holdings and as such the stock garners a lot of attention from traders, investors, and the media.

The Cincinnati based grocery store has a trailing four-quarter earnings surprise of 6.8%, on average. Shares of KR have gained 1.6% in the past year.

From a price action technical analysis perspective, on the monthly chart we see a lot of sideways price movement for the past 18 months.

RV maker Thor Industries (THOR) reported better than expected earnings and their stock is trading up in after hours trading.

From a price action technical analysis perspective this comes as no big surprise.

See where this chart could be heading...

Today's charts of the day is from our Members Only Trade Room where we post 15+ indices, commodities, and Forex charts.

Specifically, this is our Forex lower time frame MARK grid intended more for shorter term spot / Nadex trades.

Plains GP Holdings (PAGP) is a publicly traded entity that owns a non-economic controlling general partner interest in PAA and an indirect limited partner interest in PAA, one of the largest energy infrastructure and logistics companies in North America.

Truthfully, before today we never heard of them but saw some news headlines regarding them so thought we'd take a look at the chart.