Featured Posts

May 25th Daily Market Comments

The Dow is producing the strongest bullish reversal prospects PROVIDED the Dow closes near the high end of the trading range. The other indexes are trading positive but below the T line. Be prepared for a reversal but give it to the end of the day.   … [Read More...]

May 24th Daily Market Comments

The T line rule remains in effect! Until you see a candlestick reversal signal and a close above the T line, assume the downtrend remains in progress. That is why it was important to see what the premarket futures are indicating today. Stay predominately short. Any long positions require convincing bullish evidence to stay long. … [Read More...]

May 23rd Market Direction

The market trend is in a transition stage. Today's positive trading in the indexes provided the possibility of a market trend reversal. However, the full confirmation of a change of investor sentiment requires witnessing candlestick reversal signals in the indexes and a close above the T line. As illustrated, potential reversals have occurred over the past few weeks with candlestick buy signals and closes above the T line, but they did not confirm the signal the next day, closing the indexes back below the T line. This is very important for analyzing what is occurring in investor sentiment. These market conditions allow for analyzing individual chart patterns to recognize which down trending stocks remain in progress and which stocks have produced bullish confirmation. This is what puts the probabilities greatly in the candlestick investors favor. https://youtu.be/_0HyIQRFIt8 Members Chat session tonight at 7pm central. Free to Members. Not a member? Click here to join Good Investing, Stephen Bigalow … [Read More...]

May 23rd Daily Market Comments

Although the Dow is trading much higher, the other indexes do not appear to have the same follow-through strength. The reminder remains that as long as the indexes continue to trade below the T line, bearish sentiment is still in control. Any entry into long positions require confirmation of the bulls maintaining the position going into the close. Retail stocks continue their downtrend.   … [Read More...]

May 20th Daily Market Comments

If the markets open positive in a downtrend, does that mean a reversal is occurring? Watch the 10 minute chart. That will indicate whether there is continued buying after the open. The fact that the indexes continue to trade below the T line should be the first mental input as far as evaluating whether a positive open is merely a bounce or if the bulls are actually returning. … [Read More...]