and The Candlestick Forum
Stephen Bigalow reveals the 12 Signals you will ever need to learn to profit in any market!
Join us for free and get valuable training techniques that go far beyond the articles posted here.
Receive your FREE copy of the ’12 Signals to Master Any Market’ and complimentary passes to Live Webinar Training from Industry Experts.
More people are learning to make their own investment decisions. Stephen Bigalow provides the ultimate trading environment for individuals interested in expanding their investment knowledge, and their profits!
Helping individuals just like you since 2001. Members enjoy an active trading community. Whether you join the Live Trading Room during market hours, or jump in after-hours, you’ll find a friendly group of individuals sharing knowledge and trading opportunities.
Stephen Bigalow and a variety of Guest Speakers bring you the latest in trading software and share their personal strategies and investing techniques.
Free and paid sessions provide valuable trading tools to further your education and help you to build an effective trading style.
Powerful workshops and mini-webinars have something for every level of investor interested in Stocks, Options, FOREX, Futures, or E-minis. View Event Calendar
The Dow trading down and the NASDAQ trading up indicates there is no change of investor sentiment, the current trend remains in progress. The analysis remains the same, this is a sector specific market. Continue to hold long positions but don't let backing and filling scare you out of positions. Be sure to use reversal signals as your decision-making process, not merely selling days in uptrends. … [Read More...]
A healthy market includes profit-taking days. The question was asked this morning whether the lower open in the Dow was an indication of a major change of investor sentiment. The first analysis still requires assessing which direction the market is moving. An uptrending market requires a strong reversal signal. The magnitude of the premarket futures to the downside today was not an indication that a huge change had occurred. On mornings when the market is pulling back, watch the 10 min. chart. If it eventually stabilizes, the prognosis leans toward merely profit-taking during an uptrend. Obviously, where the market closes today will be an important indication of whether there is beginning to be a chink in the armor. The T-line will be acting as an important technical level. … [Read More...]
The uptrend remains in progress. It is not unusual to see profit-taking occur early in the day during an uptrend, followed by buying later in the day. How can it be assessed that the early trading is merely profit-taking versus a true reversal? If there is a change of investor sentiment during an extended uptrend, the premarket futures will show a definite change before the market opens. Stay predominantly long and be nimble. … [Read More...]
Although the indexes are in the overbought condition, there has not yet been any evidence of exuberance. The slow steady uptrend of the Dow implies that it wants to come back up into the trajectory of the original trend. Continue to stay long but with the markets in the overbought condition, be diligent as far as watching for profit-taking. … [Read More...]