The markets continue to demonstrate consolidation/profit-taking in the early part of the day. The transportation index has sold off hard today but appears to be using the T-line as a support area, the NASDAQ likewise. Assume bullish sentiment is still in control as long as the indexes trade above the T line.
06/13/2019 Stock Chat with Tom Busby
June 7, 2019
In order to download click on the link below, once on the video page you will right click on the video then hit “download” to save to your files.
Stock Chat – Thursday 06/13/19
At the end of the webinar Tom offered a 3-month membership of his “TBUZ Made Easy” service at a special introductory price.
The membership includes:
- Trades Texted and Emailed
- Sunday Night Planning Session
- Monday Pivot Numbers
- Tuesday Connect the Dots Live Trading Session
- Flash Meetings
- Educational Archive
June 7th Daily Market Comments
June 7, 2019
The job numbers did not affect the bullish sentiment of the market. The S&P 500 has now reached the first target of the 50 day moving average, the Dow is fairly close behind. Prepare for some profit-taking but as long as there is not a severe sell signal/severe selling, anticipate the bearish sentiment that had been in the markets for the past month and a half is now healing.
06/06/2019 Stock Chat with Stephen Bigalow
June 6, 2019
In order to download click on the link below, once on the video page you will right click on the video then hit “download” to save to your files.
Stock Chat – Thursday 06/06/19
At the end of the webinar last night Steve offered a “deeper-dive” comprehensive training event he’s doing on Saturday, June 15th, called “Big Bang Breakouts: Powerful Profit Potential from Explosive Price Moves.”
During this 3-hour comprehensive online training event, Steve will demonstrate:
- What signals and patterns act as a prelude to a big price breakout
- How to identify the exact price points that confirm a breakout could/should be in progress
- How to utilize simple candlestick signal trading rules to continue to hold or close out a profitable position
- How to decide when and where to enter a trade after a big price move is in progress
- What trading strategies can be applied to participate in high profit moves, whether trading stock or options
Click Here to Register for the Workshop
Members get a $120 discount! Not a member? Click Here
June 5th Daily Market Comments
June 5, 2019
Although the markets are trading positive, the expected profit-taking of yesterday’s big positive moves is occurring in many stock prices. This usually occurs early in the day. It will be important to see the indexes remain above the T-line Today. The change of investor sentiment in these market conditions are based upon tariff negotiations, making the change of a market trend relatively volatile on a day to day basis.
June 4th Daily Market Comments
June 4, 2019
After yesterday’s Doji in the oversold area of the Dow, Today’s gap up/best friend signal has brought the Dow right back up to the T-line. The S&P 500 is also forming a best friend signal and still has some more upside to get to the T-line. The NASDAQ is currently trading near yesterday’s open after gapping up. This could be the bottom reversal signal. However, “could” is the qualifying word, the T-line still needs to be breached to indicate the confirming change of investor sentiment. It will be important to see how the indexes close Today but the magnitude of the buying at least reveals bullish sentiment starting at these levels. Short positions need to be scrutinized today to see if they are creating bullish signals in the oversold area, ready to be closed out.
June 10th Daily Market Comments
The uptrend continues its strong movement, with the Dow leading the uptrend. It gapped up well above the 50 day moving average after closing at that level on Friday. Profit-taking is likely to occur, especially when a resistance level is breached, the trend will usually come back down to see if the resistance level is now going to act as support.