ChartPros Market Insights

Adobe (ADBE) has been on an upside tear the past month melting up through possible resistance levels, much like the overall market indices.  Most notably on this chart is that price cruised through a "change control zone" without much pushback by the bears putting the bulls in control of this weekly chart for now. 

But can the bulls hold serve?

See our bi-directional levels of interest derived using the 5 price action tools native to every charting platform out there.

With 8 out the the last 12 days producing a green candle can the EUR/USD bulls keep pushing higher?

After creating a decisive bottom near 1.064 price has been charging hard towards a psychological "big round number" 1.10 including powering up and through a daily change control zone as if it didn't even exist...

The popular coffee chain Starbucks (SBUX) stock price has recently fallen to $101 from its recent $115 high just six short weeks ago.  Has the coffee maker done something wrong or different? 

We don't really know and frankly don't care because from a price action technical analysis perspective the stock is behaving in a normal and acceptable manner. 

Maybe not acceptable to investors but from a charting perspective yes.

Like many equities,  Advanced Micro Devices (AMD) has broken out to the upside in a forceful and meaningful way.  Unlike other charts like NVDA, AMD has what we like to call "two sided" price action.  Meaning, it's not trading at all time highs and has historical price action around these levels.

Recent headlines touting a "a potential super chip deal with Amazon" has AMD management and investors feeling optimistic.

See what could be next!

Carnival Cruise Lines (CCL) stock price seems to have set sail with two recent analyst upgrades from JP Morgan and Bank of America but will the cruise line operator's soaring stock price sink again?

Can the stock keep making a series of higher highs and higher lows since bottoming out?  If price were to pull back traders and investors may be interested in entering or adding to their positions around...

See the levels of interest!

Amazon (AMZN) is well off its all time highs of $188.65 but also well off its January 2023 $81.43 low.

So where does that put it?  Sort of right in the middle of its weekly chart but hard charging to the upside since mid March without much of a respite for the Amazon bulls.

Today we look at another forex chart, the Aussie Dollar AUD/USD.

It would seem like the bulls are large and in charge the past couple of weeks and gunning for 0.68 - 0.69 area.  But not so fast my friends...

Because on the daily chart price is now tip toeing as we like to call it through a change control zone.  So what exactly does that mean?

Find out now!

Have you heard about Tesla's stock price?

If you answered "of course I have" then you realize that after falling from its all time high of $414.50 (adjusted for stock splits) down below $110 when everyone was saying that Elon Musk might not really be that smart you also know that the electric vehicle (EV) maker has more than doubled since January 2023.

So what if you missed the train and want to hop aboard the Tesla express /aka/ its stock or related options.

Well, we've identified some potential upside targets as well as pull back levels that could possibly provide some reasonable reward to risk returns.

See Tesla's Stock Price Targets

Mmmmm..... Mmmmm..... Maybe....

Campbell Soup (CPB) beat Wall Street estimates for third-quarter profit on Wednesday as the maker of Pepperidge Farm cookies benefited from several quarters worth of price hikes.

However, shares of Campbell plummeted falling about 3% in premarket trading, after the company also maintained its annual sales and profit forecasts - a decision that some analysts attributed to a "prudent level of conservatism". 

See the Chart!

Today we take a look at what many 401K and other related retirement mutual funds are associated with - SPX and SPY and clarify their distinct differences.

SPX is only the symbol for the S&P500, you cant buy it directly, but you can trade it with CFD or via derivatives(Futures, options).

Many new traders confuse the SPY and the SPX, but the difference is evident when you search for the symbols in a trading platform.

See the Chart!

Historically, whenever VX has been under 20 the overall market sentiment has been bullish.

Taking a look at the weekly and daily VX charts traders can see that price is approaching some potential levels of support.

Does this mean that the markets will change on a dime?  Not necessarily...

See what's next!

Natural Gas /aka/ "Natty" ticker /NG has fallen over 65% since last Thanksgiving and has been melting through possible support levels but may have found its footing in the last 6-8 weeks.

Since reaching 1.946 on April 14, price has made a series of higher highs and higher lows and is on the rise today.

See what could be next...