October 14th Stock Chat with Kirt Christensen

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 10/14/21

Multi Index reversals October 14th Market Wrap-Up

The combination of the market indexes produced an extremely high probability reversal. The NASDAQ had formed a potential bullish flutter kicker set up on the positive trading yesterday, opening at the previous day’s open and closing higher. The S&P 500 formed an inverted head and shoulders pattern which in the Japanese rice traders terminology is called a three valleys pattern. The Dow, after forming a long leg a Doji yesterday, opened positive today and has now close just slightly above the 50 day moving average. The choppy/indecisive nature of the market will require trading above the 50 day moving average to get it out of its choppy range. This means lower trading tomorrow continues to make the market choppiness still in place.

But these market conditions are still producing extremely strong bullish as well as bearish profitable trades setups. As demonstrated in OCGN, a scoop pattern bullish slingshot affect is in progress. Not only are these high probability directional results, but the magnitude of the profits is extremely strong. Knowing the top-ranked signals and patterns provides very strong profit potential when applying the appropriate option trade strategies to the appropriate price moves. Join us on October 23 for a full-day training on identifying the strongest signals and patterns and then applying the correct option trades to maximize profitability. This training also incorporates solidifying the mental process to be a successful trader intertwined with the analysis. This is an extremely valuable aspect built into candlestick analysis.

 

Chat session tonight at 8 PM ET. Click here to register.

Good investing,

The Candlestick Forum team

October 14th Daily Market Comments

Yesterday’s bullish flutter kicker signal set up in the NASDAQ right at the T-line provided a strong probability of a bullish flutter kicker signal today, which is obviously working. The S&P 500 was setting up for an inverted head and shoulders, three valleys in Japanese rice traders terminology. J-hook patterns are working effectively today. Short positions should not be trading back up through yesterday’s opens.

 

October 13th Daily Market Comments

The downward trend channel persists. Although the NASDAQ is trading slightly positive, it is trading below where it opened, indicating the lack of any bullish sentiment. The Dow is in a sideways channel currently heading lower. Stay predominately short. However, the electric vehicle sector appears to be gaining strength.

October 12th Daily Market Comments

Yesterday’s evening star signal in the Dow that showed a double failure of the 50 day moving average, is still demonstrating market weakness. This is further illustrated with the NASDAQ trading lower again today after opening higher. The NASDAQ and the S&P 500 continue to trade below the T line. Assume the bears are in control.

Market Trend Failure

The evening star signal that formed in the Dow today, revealing a failure of the 50-day moving average a second time, and closing right on the T-line makes for a simple trend analysis assessment. If the premarket futures indicate a lower open tomorrow, a downtrend should be back in progress. Additional evidence was the NASDAQ closing below the T line and failing to break up through the downtrending resistance level. This visual evidence implies adding short positions on a weaker open tomorrow.

Strong sell signals as seen in CMCSA and CHGG is a high probability of short trade situations. Simple logic dictates that if you see strong sell signals in individual stocks and the market, in general, is starting to sell off again, shorting these positions produces high probability expectations. Join us on October 23 for a full-day training of identifying the top-ranked candlestick signals and patterns, the most powerful signals and patterns. Additionally, learn which options strategies produce the best results in conjunction with the strong candlestick patterns. 2+2, putting the probabilities in your favor and then maximizing profits from those probabilities.

Chat session tonight at 8 PM ET.

Good investing,

The Candlestick Forum team

October 11th Daily Market Comments

The Dow is nudging the 50 day moving average again after a Doji sandwich type set up. The NASDAQ opened lower but immediately started trading higher, currently keeping all the indexes above the T-line. Stay predominately long but there are still some shorts working well.

 

October 8th Daily Market Comments

Today’s consolidation is not unexpected in the major indexes after the strong move of the past two days. The transportation index trading up solidly is a good indication the other indexes are just resting. The the 50 day moving average will still be a level of contention for the Dow. It needs to get through that area to reveal the lack of resistance. Be oriented toward the long side. Most of the short positions should have been closed based upon the bullish reversal signals in downtrends.

 

October 7th 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 10/07/21

At the end of the webinar Steve announced his upcoming “Easy Option Strategies” event, which he’ll present on Saturday, October 9th.

This 2-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.

Market Reversal

The graphics of candlestick charts revealed a change of investor sentiment was setting up based upon the bullish signals that had occurred over the last few days of trading. The final criteria still needed to be confirmed, a close above the T-line. The bullish sentiment that was illustrated over the past week allow investors to be prepared to start covering short positions that were in the oversold area and starting to show bullish participation. This also allowed for establishing long positions immediately if it appeared the indexes were going to start trading back up above the T line. This is where witnessing the premarket futures showing good strength allows candlestick investors to move instantly and aggressively. Having the ability to identify when a major reversal is about to occur allows for establishing profitable trades at the optimal entry points. This allows for entering profitable trades early.

Join us this Saturday for a Mini spotlight training on which options strategies to use with corresponding candlestick signals and patterns. A combination of calls or puts, with bullish or bearish spreads, is usually much more effective in profitable than merely buying calls or puts on their own. A major advantage of candlestick charts is identifying when a new price move is about to occur. Establishing the appropriate option strategy allows investors to maximize profits well diminishing risks. Click here for more information.

 

 

Chat session tonight at 8 PM ET. Click here to register. 

Good investing,

The Candlestick Forum team