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January 17th Daily Market Comments

Although the markets are trading lower today, they are trading indecisively.  The NASDAQ is still above the T-line, the S&P 500 right on the T-line, and the Dow trading just below the T-line. Without any major change of investor sentiment, strong chart patterns are still acting strong. The T-line remains a relevant factor when analyzing the current trend. … [Read More...]

January 13th Daily Market Comments

The NASDAQ continues to show good solid uptrending. The Dow and S&P 500 remain consistently at the T-line area. There is no signs of bearishness in this market, expect a stable/uptrending market to continue. This is allowing the strong candlestick patterns such as frypan bottoms to continue to produce profits, i.e. KLIC and PAH. The biotech sector remains strong. Stay predominantly strong with long positions being targeted to the strong sectors. … [Read More...]

Trending Stocks: DXCM, ILMN, PODD, RIO, W

DexCom, Inc. (DXCM) Chart for DXCM Over the next 13 weeks, DexCom, Inc. has on average historically risen by 9.7% based on the past 12 years of stock performance. DexCom, Inc. has risen higher by an average 9.7% in 8 of those 12 years over the subsequent 13 week period,corresponding to a historical probability of 66% The holding period that leads to the greatest annualized return for DexCom, Inc., based on historical prices, is 1 week. Should DexCom, Inc. stock move in the future similarly to its average historical movement over this duration, an annualized return of 219% could result. Illumina (ILMN) Chart for ILMN Over the next 13 weeks, Illumina has on average historically risen by 6.3% based on the past 17 years of stock performance. Illumina has risen higher by an average 6.3% in 8 of those 17 years over the subsequent 13 week period,corresponding to a historical probability of 47% The holding period that leads to the greatest annualized return for Illumina, based on historical prices, is 3 weeks. Should Illumina stock move in the future similarly to its average historical movement over this duration, an annualized return of 236% could result. Insulet Corporation (PODD) Chart for PODD Over the next 13 weeks, Insulet Corporation has on average historically fallen by 5% based on the past 10 years of stock performance. Insulet Corporation has fallen lower by an average 5% in 5 of those 10 years over the subsequent 13 week period,corresponding to a historical probability of 50% The holding period that leads to the greatest annualized return for Insulet Corporation, based on historical prices, is 1 week. Should Insulet Corporation stock move in the future similarly to its average historical movement over this duration, an annualized return of 46% could result. Rio Tinto PLC (RIO) Chart for RIO Over the next 13 weeks, Rio Tinto PLC has on average historically risen by 6.6% based on the past 27 years of stock performance. Rio … [Read More...]

January 11th Daily Market Comments

It has been pointed out by a few new members that the big rally since election day, which had produced some very big profits because of the strong up move was not necessarily conclusive that there was any benefit to candlestick signals. But the revelation that strong profits are still being made even when the market has gone into a flat stage was more indicative of the information revealed in candlestick signals and patterns. This should be the underlying conclusion when understanding the benefits of candlestick signals. … [Read More...]

January 10th Daily Market Comments

The early selling in the Dow and S&P 500 continues to be offset by the slow consistent buying in the NASDAQ. Now with all the indexes trading positive, it clearly demonstrates there is not yet any dramatic change of investor sentiment, the slow bullish uptrend remains in progress. This allows the strong candlestick charts to continue to perform without the influence of any strong bearish sentiment participating in the overall market. Strong candlestick bullish patterns continue to produce good profitable trades. … [Read More...]

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