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The markets continue to show sector specific trading. The Dow is trading positive Friday the NASDAQ is trading negative. That has been the nature of the market for the past four weeks. The evaluation of each individual stock chart becomes the important factor. Stay predominantly long but close out long positions that are showing profit-taking. There are numerous new positions/sectors showing strength. … [Read More...]
The market trend is now remaining consistent enough that more emphasis should be placed upon individual stocks/sectors. The whole uptrend has been accented as a stock/sector specific market. Fortunately, this makes the utilization of candlestick scans very profitable. The scans can pinpoint which stocks have the best chart patterns without a great concern for the market direction in general. … [Read More...]
As stocks have taken a beating of late it could be time to look for bargains and buy cheap stocks. When deciding to buy cheap stocks for long term investing the investor is looking for different characteristics than a day trader who might buy cheap stocks in expectation of a quick profit. In long term buy and hold investing one looks for stocks that are underpriced in relation to their eventual value. Such stocks will commonly have a low price to earnings ratio, a strong margin of safety, and forward looking intrinsic stock value. An ideal stock for a long term investor is often lying forgotten by the market. It is not especially volatile. On the other hand when traders decide to buy cheap stocks they are commonly looking for stock volatility. They may look for stocks that have had drastic changes in their fundamentals and are in a period of market inefficiency as market sentiment settles on a stock price. Using Candlestick charts traders can buy cheap stocks before they rebound or sell short before the market makes them cheap stocks. Picking stocks in a down market is only part of how to make money if one chooses to buy cheap stocks. The other part is timing. Candlestick analysis provides traders with an objective means of stock market and individual stock analysis. Long ago traders recognized that market price patterns repeat themselves. Rice traders in ancient Japan developed an easy to read system of signals for trading rice. Today Japanese Candlesticks are used for trading commodities, stocks, options, futures, and foreign currencies. Candlestick patterns essentially predict the future by remembering the past. When a trader or investor wants to buy cheap stocks he does so in order to profit when the stock rises in price. Although the long term investor may have a longer time horizon in mind he, as well as the trader, wants to buy stocks at the lowest possible price. He does this with an eye on the fundamentals of the stock but with his full attention on … [Read More...]
Wednesday's profit-taking is obviously expected after a huge update like Tuesday. However, Wednesday's selling needs to demonstrate merely profit-taking. Another big down day would illustrate huge indecision between the bulls and the bears. Whether huge oscillating days or a Doji day, the implication is the same, indecision. That usually indicates a change of investor sentiment. Today's trading should only demonstrate moderate selling for the uptrend to remain in progress. … [Read More...]
Those who would like a nest egg stashed away for their later years will often seek retirement stocks, stocks with a good margin of safety as well as intrinsic stock value. Retirement stocks often pay dividends as well. The point is to have a steady income from ones portfolio while individual stocks still appreciate in value over the years. There is a conservative, buy and hold investing aspect to retirement stocks that requires a balanced stock portfolio. It also requires that investors still pay attention to what they have in their portfolio with both fundamental and stock technical analysis. The point of retirement stocks is that the well-chosen ones are profitable and don’t necessarily require minute by minute attention by the retiree who would like to devote more time and effort to learning how to sail, garden, improve his tennis backhand, or familiarize himself with the art galleries of the world. Nevertheless, the world of stocks has the tendency to change, which is what keeps making profits for traders using Candlestick analysis as a guide. Even with well-chosen retirement stocks such as consumer stocks stalwarts like Proctor & Gamble, Coca Cola, or Clorox, a little attention to the market using Candlestick patterns allows prospective retirees to pick stocks that are currently under priced and helps retirees rid their portfolios of stocks that are ready to fall in value. The point of balancing a portfolio of retirement stocks is that economic conditions can drive stocks in different directions. During a recession consumer stocks often go up in price while growth stocks may falter. During a recovery growth stocks may take off again while consumer stocks will settle back into their usual routine. When oil stocks and oil futures go up in price, industrial stocks and transportation stocks often suffer, and vice versa. By diversifying a stock portfolio a retiree spreads his investment risk over several stocks in several market sectors. A valid concern in … [Read More...]