ChartPros Market Insights

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.

Gaming giant Activision Blizzard, Inc. (ATVI) has been one of Warren Buffet's top 30 holdings for quite some time. You may know some of the company's brand's such as Call of Duty, Candy Crush, and World of Warcraft to name just a few.

The company's stock price has been making a series of higher highs and higher lows for over a decade.  Seemingly, that's why investors have loved this stock.

But can that trend continue? 

Darden Restaurants, Inc. (DRI) reported Thursday that it surpassed projected earnings in spite of less than spectacular fine dining sales.  Today its stock price is trading down.

You may be familiar with one or more of their restaurants: Olive Garden, LongHorn Steakhouse, Yard House, Ruth's Chris Steak House, Cheddar's Scratch Kitchen, The Capital Grille, Seasons 52, Eddie V's and Bahama Breeze.

This is a Pfizer (PFE) chart update for the May 17 Chart of the Day.

Original Post May 17

Citigroup's CEO recently announced layoffs in the face of declining demand caused by the Federal Reserve's raising interest rates by 5.25% since March 2022...

What's extremely noticeable on the monthly chart is its parabolic rise and meteoric fall over time.  Not too unlike AMC or Peloton.

Price may soon be approaching a significant decision... 

Lennar Corp. (LEN) based in Miami, is one of the two largest builders of new homes and communities in some of the nation’s most popular cities.

When looking at a chart we like to see how far back in time there is historical price action to review and this chart doesn't disappoint!  There's price action dating back to the 1980s which can typically provide great insights into directional assessment and overall market sentiment.

Wait until you see what we found on this chart...

The Federal Trade Commission last week allowed Amgen to move forward with its $27.8 billion acquisition of Horizon Therapeutics under a settlement agreement – a move that could have ramifications for a string of other pharmaceutical industry buyouts.

We often debate whether or not price action technical analysis drives price movement or news...

See where price could be heading.