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August 10th, 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 – Wednesday 08/10/22 … [Read More...]

August 10th Daily Market Comments

Today's positive trading indicates bullish patterns in the indexes provided the indexes trade near the high end of there trading range. The Dow is in the process of a J-hook pattern off the T line with a best friend signal today. However, the NASDAQ is trading lower after its open. Obviously bullish charts continue to act bullish, numerous trend kicker signals have occurred today. Stay long but be alert for any hard selling before the end of the day.   … [Read More...]

breakout trades August 10th Market Wrap-Up

Breakout trades are more effectively identified utilizing candlestick patterns. Breakout trades are merely identifying where a pattern breakout is likely to occur, usually at a moving average or resistance level everybody else is watching. The combination of a candlestick signal at a candlestick pattern breakout level greatly improves the probabilities that a strong breakout is occurring. This is what we called 2+2 analysis. The more visual bullish indicators that can be witnessed in one glance, the higher the probability bullish sentiment, or bearish sentiment, is about to explode. You do not have to be a sophisticated technical analyst to utilize the information built into candlestick signals. The signals are merely commonsense investment perspectives put into a graphic depiction. Patterns work consistently, with a high degree of probability, because human nature works the same way time after time. Your success in trading merely requires identifying the price moves that occur over and over with great consistency. Join us each Thursday night at www.candlestickforum.com and click on Stock chat. The password tonight's bigalow 11. Join us, you will gain a lot of insights into the common sense aspects of candlesticks. https://youtu.be/i2UaPeIxqRQ … [Read More...]

August 8th Market Direction

More government spending has implications for profiting in the markets. More government spending can make specific sectors extremely good trade setups. On a short-term basis, more money out in the economy can boost specific sectors, such as the retail stocks and the electric vehicle sector. Which ones? That is where simple candlestick scanning techniques allow for the identification of which stocks are going to be greatly affected by more government stimulus. However, the other side of the coin is that more government spending may not be beneficial for reducing inflation. That also creates opportunities to short specific sectors. You may not be able to analyze anticipate which sectors are going to be the strongest bullish or bearish sectors, but simple visual analysis allows the candlestick investor to identify what everybody else thinks will be the strongest bullish or bearish sectors. You do not have to be the analyst. Utilizing candlestick charts constantly puts investors in the high probability trades setups. Members Chat session tonight at 7pm central. Free to Members. Not a member? Click here to join Good Investing, Stephen Bigalow … [Read More...]

August 8th Daily Market Comments

  The uptrend remains in progress in the market indexes especially with a J-hook pattern set up in the Dow and the transportation index. The J-hook patterns are continuing to be profitable. The trading strategy remains simple, stay predominately long as long as the indexes continue to trade above the T line. … [Read More...]