Featured Posts

December 6th Daily Market Comments

The T-line acts as a very powerful trend indicator. First, it reveals when a trend is changing, as seen in the past few weeks when the indexes exhibited candlestick sell signals and closes below the T-line. Next, it indicates when a downtrend is in progress, allowing for continuing to hold profitable short positions. Combining candlestick sell signals at technical levels such as the major moving averages greatly increases the correct analysis of what is occurring in investor sentiment. … [Read More...]

December 2nd 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 12/2/21 At the end of the webinar, Steve announced his upcoming “Guide to DayTrading with Candlestick Signals” event, which he’ll present on Saturday, December 4th. This webinar will provide you with visual perspectives that will improve your investing for the rest of your life. Click here for more information. … [Read More...]

December 2nd Market Wrap-Up

A bullish Harami formed in the Dow today at the 200 days moving average in the oversold condition. This produces a high probability reversal setup. Positive trading tomorrow would confirm the bullish Harami. The first target would be to see what type of signal occurs at the T line. These market conditions produce the trading environment that allows for profitable trades both on the long side and the short side. The ultimate indicator is the T line. As illustrated in our recommendation to short AFRM, visually identifying the blue ice failure pattern produces an extremely high probability the downtrend could likely move to the 200-day moving average. Utilizing high probability trade setups, such as flutter kicker signals, trend kicker signals, and Doji sandwiches allows for excellent day trade and swing trade entry points. Join us this Saturday, December 4 for a Mini spotlight training on daytrade entries. This information allows investors to be prepared for high probability profitable trades. $27 for members, $47 for nonmembers. Click here for more information.   Chat session tonight at 8 PM ET. Click here to register. Good investing, The Candlestick Forum Team     … [Read More...]

December 2nd Daily Market Comments

Beware the bounce! It is not unusual to see buying early in the day in a downtrend with selling continuing later in the day. However, the indexes are showing potential buying at major support levels. It will be important to see if the markets hold up today near the high end of there trading range. Currently the Dow is doing a bullish Harami at the 200 day moving average.   … [Read More...]

December 1st Daily Market Comments

Candlestick charts clearly reveal a non-consensus of investor sentiment. Down one day, up the next day but with one vital factor, the T line. The prognosis remains the same, until there is a definite trend direction have both long and short positions in the portfolio, using the T line as your ultimate indicator. There are times when it is better to sit and wait for better chart information.   … [Read More...]