The Dow gapped down in the oversold condition. This would warrant watching for a bottom reversal. Although the NASDAQ is trading lower today, it is still up above the T line in numerous stocks related to the NASDAQ are continuing to trade positive. This makes the T line a very valuable trend indicator. Watch the electric vehicle sector, showing signs of strength.
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Stock Chat – Saturday 06/17/21
At the end of the webinar, Steven announced his upcoming “Identifying Breakouts with Candlestick Logic” event, which he’ll present on Saturday, June 26th.
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...]
The NASDAQ in an uptrend, the Dow in a downtrend, making the best strategy to have both long and short positions in the portfolio. Numerous breakout patterns are occurring coming out of fry pan bottoms and J-hook/bobble breakouts. This is producing strong profit opportunities in both long positions and short positions. We are seeing J-hook patterns and bobble breakouts in numerous stocks i.e. PCT, CHPT,BLI, NVDA, EOLS,KPTI. and AFRM. What produces a strong comfort level these patterns are working? Note how the T-line acts as a very obvious support level, continuing the uptrend. That same scenario can be utilized for short positions such as LPX, TAL, GOTU, DE. The huge advantage provided to candlestick investors is very easy analysis of what patterns will produce a high profit trades based upon historical results of investor sentiment. The big price moves can be identified at breakout levels. Join us June 26 for a full-day training on how to identify and be prepared for a price breakout that will produce excessive profits. This is not magic! This is merely recognizing what patterns work over and over based upon investor sentiment. Click here for more info.
Chat session tonight at 8 PM ET with guest speaker Steven Place. Click here to register.
Good investing,
The Candlestick Forum team … [Read More...]
The same market analysis as the past few weeks, no major change of investor sentiment, evidenced with the NASDAQ trading positive in the Dow trading lower. The investment strategy remains staying long in the long positions that continue to trade above the T line and stay short the short positions that continue to trade below the T line. Both long and short should be in the portfolio.
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June 18th Daily Market Comments
The Dow gapped down in the oversold condition. This would warrant watching for a bottom reversal. Although the NASDAQ is trading lower today, it is still up above the T line in numerous stocks related to the NASDAQ are continuing to trade positive. This makes the T line a very valuable trend indicator. Watch the electric vehicle sector, showing signs of strength. … [Read More...]