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January 19th Daily Market Comments

Will there be a government shutdown? The markets don't seem to care one way or the other. The Dow trading slightly lower and the NASDAQ trading higher. There is no change of investor sentiment. The uptrend remains in progress with all the indexes trading above the T-line. … [Read More...]

January 18th Daily Market Comments

Today's backing and filling in the markets is not unexpected after a strong move in yesterday's trading. But this also indicates the lack of wild exuberance in the markets, profit-taking occurring along the way. Continue to utilize the candlestick patterns that are still in progress.TSLA trend channel, NVDA j-hook set up, BITA classic pattern. As long as there is no major change of investor sentiment, candlestick sell signal, in the indexes, the candlestick patterns will perform with much higher profitability. Stay predominantly long but the short positions are also working. … [Read More...]

January 18th Daily Market Comments

A recovery day! Candlestick analysis provides a very clear signals and patterns to show a bullish trend or a bearish trend. Candlestick analysis also graphically reveals when there is no definitive trend analysis applicable. A recovery day, a day that offsets or partially offsets the preceding trading day that may have revealed a change of investor sentiment. … [Read More...]

January 17th Daily Market Comments

Though this is creating exciting commentary from the financial talking heads, it also is an alert. Where do most people buy? Exuberantly at the top! Currently there are no signs of a bullish letup but Today's gap up creates a high probability alert for the possibility of a profit-taking reversal. Utilize your 10 minute chart to watch for signs of selling. Especially if the market indexes start coming back down through today's open. Remember, the Dow has moved up quickly from the 25,000 level to the 26,000 level. Be ready to take profits. … [Read More...]

January 16th Daily Market Comments

Though this is creating exciting commentary from the financial talking heads, it also is an alert. Where do most people buy? Exuberantly at the top! Currently there are no signs of a bullish letup but Today's gap up creates a high probability alert for the possibility of a profit-taking reversal. Utilize your 10 minute chart to watch for signs of selling. Especially if the market indexes start coming back down through today's open. Remember, the Dow has moved up quickly from the 25,000 level to the 26,000 level. Be ready to take profits. … [Read More...]

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