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June 27th Daily Market Comments

Today's consolidation is not unexpected after the big price move in the markets on Friday. However, the assumption is that the uptrend is in progress as long as the indexes are now trading above the T line. Trading bias should be to the long side. There are still a few, very few, short positions still working.   … [Read More...]

June 24th Daily Market Comments

Today's positive trading obviously reveals the T line was not going to act as resistance, especially informative for the Dow and the S&P 500. The gap up and positive trading in the NASDAQ demonstrates strong bullish sentiment has returned in that index. This should have instigated covering any short positions that were not continuing to show weakness. The portfolio should now be biased toward bullish trades.   … [Read More...]

June 23rd, 2022 Stock Chat with Stephen Bigalow

To Download recorded sessions; In order to download click on the link below, once on the video page you will click on the three-dotted vertical line located at the bottom right-hand side of the video player and click on “download” to save to your files. Stock Chat – Thursday 06/23/22 At the end of the webinar, Steve announced his upcoming “Accurate Daytrading” event, which he’ll present on Saturday, June 25th with Stephen Bigalow This 4-hour training workshop will provide you with visual perspectives that will improve your investing for the rest of your life. Click here for more information. … [Read More...]

June 23rd Market Wrap-Up

Strong candlestick patterns can be enhanced when utilizing confirming indicators. The strong candlestick patterns that are occurring in this market consolidation are the J-hook patterns and the scoop patterns. The expected results of these patterns not only produce high probabilities of moving in the correct direction but also producing strong profit moves. The NASDAQ, after demonstrating candlestick reversal signals over the past few trading days has also produced bullish confirmation by closing above the T line today. Although the Dow and the S&P 500 are trading positive, they need more bullish sentiment to close them above the T line. The visual aspects of candlestick analysis make analyzing the market trend as well as confirming stock patterns much more clear as far as expected results. The confirmation of specific candlestick pattern set ups allow for much more accurate daytrading/swing trading entry strategies. Join us this Saturday, June 25 for a full day training on recognizing high probability daytrade set ups as well as utilizing the intraday charts to maximize the profits of a daytrade. Join us, you will gain insights that will dramatically improve your analysis of consistent patterns human nature produces. https://youtu.be/8hBRfQ9a_9c Chat session tonight at 8 PM ET. Click here to register. Good Investing, Stephen Bigalow   … [Read More...]

June 23rd Daily Market Comments

The market trend remains indecisive. The indexes today are trading indecisively positive but still below the T line. Below the T line still makes for high probabilities there is not yet a bullish uptrend. Be aware that as long as something is trading below the T line, the bearish sentiment will be more persuasive.   … [Read More...]