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January 28th Daily Market Comments

Now the indexes provide good pattern analysis. If the Dow closes at the low end of its trading range, it will be creating a bearish J-hook pattern, implying more downside. If the Dow closes near the high end of the range or even positive on the day, it will have formed another hammer signal at the support area. The other indexes fit into that same analysis. This allows for being prepared for maintaining or closing short positions. … [Read More...]

January 27th, 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 01/27/22 You’re invited to join Stephen Bigalow for a full day of training Saturday, February 5th, at 9:00 am Central (10:00 am ET) presenting “Candlestick Power Pattern Trades”. Join us Saturday Morning to learn: Learn to recognize high probability candlestick pattern setups. Gain valuable insights for implementing high profit pattern trades based upon the multiple confirmations of candlestick signals and patterns. Discover breakout indicators most investors are not aware of with simple candlestick scanning. Develop Power Pattern Trade insights that provide a constant supply of big profitable trades. and much more Pricing for “Candlestick Power Pattern Trades” $197 Click here to register … [Read More...]

January 27th Market Wrap-Up

The T-line is a powerful candlestick emotion-eliminating indicator. It keeps candlestick investors from getting whipsawed. Candlestick signals are the graphic illustration of what is occurring in investor sentiment during specific time frames. The T line is a very strong probability indicator, downtrends remain below the T line, uptrends remain above the T line. Combining these two factors produce an extremely accurate and powerful trading analysis tool. As illustrated in the market indexes over the past few trading days, candlestick buy signals were formed in the oversold area. This either indicated a reversal of the market trend or merely a bounce. The lack of any close above the T line indicated merely a bounce in the market trend. https://youtu.be/uLVPLxeMYXg Having the ability to analyze what is occurring in investor sentiment eliminates emotional trading and the dependency of listening to the talking heads on financial news stations. Candlestick signals are the actual decision-making executions made by investors versus conjecture of what will occur in the overall markets. Numerous short positions have worked extremely well in conjunction with the market indexes revealing sell signals and closing below the T line a few weeks ago. Not only do candlestick signals and patterns identify the correct direction but candlestick powers signals reveal which trends will have the greatest strength during a specific market trend. Click here to register. … [Read More...]

January 27th Daily Market Comments

Watch the T-line! The indexes, although trading positive, appear to be resisting again and the T line area. Numerous short positions continue to trade lower while staying below the T line. Be careful on any bullish trades executed in these market conditions.   … [Read More...]

January 26th Daily Market Comments

After a couple hammer signals in the Dow below the T-line, there was the expected prospect there may be up bounce back up to the T line. Note that today's high in the Dow resisted right at the T line. A bounce because of Microsoft's earnings? Could be, but the next concern can be the Fed meeting this afternoon. Use the T line as your ultimate criteria. Numerous stocks started trading positive today but currently with indecisive candlestick formations, Doji's. … [Read More...]