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October 21 Daily Market Comments

The transportation index is providing a valuable lesson, its strength is revealing that bullish sentiment has come back into the market with great enthusiasm. The Dow is currently trading positive after in indecisive day Monday closed right at the T-line, making Tuesday's activity a bullish Doji sandwich. The NASDAQ and the S&P 500 have gapped up well above the T-line. This adds viable confirmation that investor sentiment has turned around. Look for the markets to move back up into the trend channel that was developed over the past six months. This would imply more steady uptrend. … [Read More...]


Stock Market Holidays 2015

Stock Market Holidays 2015 Stock trading in the USA takes place throughout the year, Monday through Friday, except for stock market holidays. The New York Stock Exchange (NYSE), NYSE Amex, NYSE Amex Options, NYSE Arca, NYSE Arca Options, NYSE Bonds, NYSE Liffe U.S., and NASDAQ are open during regular hours, Monday through Friday, from 9:30 a.m. to 4 p.m. Eastern Time. It is important to know when stock market holidays occur because it can also be profitable. Trading volume will often dip in advance of stock market holidays as traders leave town for extended weekends. After stock market holidays, trading may pick up substantially as the market reacts to the collective stock market news that occurs when everyone was out of town. Trading bad news gaps can be profitable when bad news occurs over stock market holidays. A breakout gap can also occur as trading resumes after stock market holidays. The market will open either substantially lower or substantially higher than its pre-holiday close in these two situations. Traders that follow gaps use Candlestick stock analysis to predict evolving market sentiment and profit with candlestick trading tactics. The market inefficiency that comes with gap trading can be very profitable for those who objectively follow market reversal as well as new trends. Using Candlestick patterns as a guide, traders can avoid the pitfalls of trading psychology. The twin demons of fear and greed are powerful adversaries. Using the clear and easy to read signals of candlestick analysis can give the trader a profitable view of the market. Stock market holidays each year occur on the following days and are as follows for the year 2015: New Year’s Day January 1st Martin Luther King’s Birthday January 19th Washington’s Birthday February 16th Good Friday April 3rd Memorial Day May 25th Independence Day July 4th (observed July 3rd) Labor Day September 7th Thanksgiving Day *November 26th Christmas … [Read More...]

October 20 Daily Market Comments

Although the Dow is showing some weakness here at the 50 day moving average, the other indexes are holding up fairly well, still nudging their resistance levels, the T line. Currently the NASDAQ is trading positive but still just under the T-line. Monday's trading requires bullish strength enough to breach the T-line. Otherwise, a reversal to the upside still has some tentativeness. If buying long, remain nimble. … [Read More...]

October 17 Daily Market Comments

Today's positive trading is forming a Morning Star signal in the Dow and the S&P 500. The NASDAQ has gapped up after a bullish engulfing signal. This should be a reversal but there is still one more criteria that needs to be confirmed. The indexes need to close above the T-line. Until that time, today's positive trading still needs to be addressed with the expectation to close out any new long positions if there is a failure to go up through the T-line early next week. … [Read More...]

October 16 Daily Market Comments

Although the market indexes are trading lower today, the Dow and the S&P 500 are currently attempting hammer signals. The NASDAQ opened at its low and is now trading higher. This is much more clearly seen when using candlestick formations. This basically indicates the lack of aggressive selling after the open. Expect some basing action over the next few days. That assumption is made based upon the current evidence that buyers seem to be stepping in at these levels. That could change by the end of the day so be nimble. … [Read More...]

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