Featured Posts

February 2nd, 2023 Stock Chat with Stephen Bigalow

o 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 02/02/23 At the end of the webinar, Steve announced his upcoming“Commodity Trading with Candlestick Power Pattern Trades” event, which he’ll present on Saturday, January 14th.This half-day training workshop will provide you with visual perspectives that can improve your investing. Click here for more information. … [Read More...]

February 2nd Market Wrap-Up

When you understand candlestick psychology, you gain trading perspectives equivalent to somebody trading for 50 years. Candlestick psychology is merely common sense built into a graphic depiction. When do most people buy? They buy exuberantly at the top! When do most people sell? They panic sell at the bottom! This allows the candlestick investor to have common sense entry and exit strategies for maximizing profit potential. As illustrated in the CVNA chart today, a gap up in the overbought condition becomes an immediate alert to set profit-taking stocks at levels it should not come back down through, such as the open. If you have problems knowing when to enter a trade, exit a trade, or set your stops, everything built into a candlestick chart is pure common sense. It allows the candlestick investor to develop strategies to take profits or close out positions working on a common sense basis versus emotional trading decisions. Witnessing the NASDAQ and the S&P 500 gapping up in the overbought conditions today provided the alert to be prepared to start taking profits in individual stock charts that also gapped up in the overbought condition. Numerous stocks missed their earnings expectations today, adding to the probability the markets may be selling off after today's gap up. Chat session tonight at 8 PM ET. Click here to register. Good Investing, Stephen Bigalow … [Read More...]

February 2nd Daily Market Comments

Again, although the Dow is trading lower and now coming back up, the other indexes are all trading strongly bullish. Stay long but be aware that today's gap up in some of the indexes and stocks might be an alert for some profit-taking. Watch your 10 minute charts.   … [Read More...]

February 1st Daily Market Comments

The Dow has been trading lower but note that it has use the T line as a support level. The NASDAQ and the S&P 500 trading relatively flat and the transportation index is trading up strong. This implies that today's Fed announcements, although already anticipated, is going to affect sectors differently.   … [Read More...]

January 31st Daily Market Comments

Although it is early in the day, today's positive trading illustrates a lack of overall directional movement in the markets, likely waiting to see what the Fed reports this week. However, there are numerous small-cap Stock price movements working well.   … [Read More...]