and The Candlestick Forum
As anticipated, with the indexes moving a considerable distance above the T-line, there is expected profit-taking occurring Today. Currently, the market indexes are pulling back but with an indecisive Doji type day, illustrating a lack of aggressive selling. Expect some consolidation, may be over the next day or two, but nothing yet has shown there is a change of investor sentiment. Stay predominately long, keep safety stops in place.
What is making the market continue its uptrend? Politics? Earnings? We do not need to know, we do not need to be in-depth economic analysts. The candlestick charts provide the information required to make good profits. Candlestick signals and patterns are the accumulative knowledge of everybody buying and selling, based upon their expectations, there analytical viewpoints. The current market trend is still providing very profitable trades from candlestick pattern breakouts. The first factor for being in profitable trades is having the ability to analyze what the overall market trend is doing. Obviously, if the market trend is bullish, the profitability from bullish candlestick pattern breakouts are going to be more pronounced.
There are numerous profit trades continuing in our portfolio. Once a pattern breakout has been confirmed, steady uptrending positions can be maintained using the simple T-line rule. Our recommendations on NXTC, FDX, VCEL, BNTX, AVYA , DY, and DQ all have one consistent characteristic. Once they broke out of the candlestick pattern, they have continue to trade above the T-line continuing their profitability’s. The T-line rule basically demonstrates that as long as a trend remains above the T-line, the probabilities remain extremely high the trend will continue. This has two major benefits. First, obviously creating profitable trades. Secondly, the analysis time required to analyze what to do with that trending position in the portfolio each evening takes merely a matter of seconds. This frees up more time to analyze the positions that may have some changing of investor sentiment, requiring more analysis. The combination of candlestick signals and patterns in conjunction with the T-line produces an extremely high probability platform for being in profitable trades a high percentage of the time. Join us this weekend for a full two day comprehensive training utilizing the T-line, the triple T training. Click here for more info.
Chat session tonight at 8 PM ET.
Good investing,
The Candlestick Forum team.
The strength in the market continues to confirm fry pan bottom patterns, both in the indexes as well as in individual stocks. J-hook patterns continue. As long as the market indexes continue to trade above the T-line, it is still assumed the uptrend is in progress. However, the distance the indexes have moved away from the T line, although they are still in fry pan bottom patterns, at least creates a warning for potential profit-taking. Continue to stay predominately long but be prepared for profit-taking, have safety stops in place.
The market indexes continue their uptrend this past week with the easy visual analysis that the indexes were continuing to trade above the T-line. Gold stocks and silver stocks have shown good buy signals with gold and silver prices starting to move positively again SBSW, AGO., DRD, EGO, MTA, HMY, WPM. Restaurant stocks are starting to show good strength also. DIN, RRGB. Retail stocks are picking up strength WSM, LITB, .KIRK, PRPL, DLTR, LOW. Anticipate some profit-taking this week with the indexes moving a little bit away from the T-line. Join us this weekend for a full comprehensive training on how to utilize the T-line in the candlestick patterns to dramatically enhance your trend analysis and your profitability.
The ability to make consistent profits in the markets is dramatically enhanced when utilizing candlestick signals and patterns in conjunction with the T-line indicator. The analysis of the market trend is greatly improved when knowing the market indexes continue to trade above or below the T-line. As illustrated over the past two weeks of trading, the indexes have waffled/isolated dramatically on a day-to-day basis. But the underlying factor remains that the uptrend is in progress because the indexes could never close below the T-line. This is not rocket science! This is merely utilizing the information provided in 400 years of analysis from the Japanese rice traders. Investor sentiment produces high probability reoccurring signals and patterns. Once you have learned what the expected results are from candlestick signals and patterns, you control your own investment results.
The J-hook pattern has been a high-profit pattern in the current market conditions. Our trade recommendation for GOOS has produced good profits even in the midst of a highly oscillating slow market trend. Recognizing the J-hook pattern set up early today provided our chat room members with a 28% profit move. The benefit of candlestick patterns is merely the visual recognition of what usually occurs in human nature. Join us on October 17 and 18th for a comprehensive training utilizing candlestick signals and patterns in conjunction with the T-line. Candlestick analysis is the utilization of the reoccurring results of human nature. The T-line acts like a natural support and resistance level of human nature. The combination produces an extremely high probability trade strategy result. Chat session tonight at 8 PM ET with Guest Speaker Steven Primo. Click here to register.
Good investing,
The Candlestick Forum team.
The steady uptrend of the market is producing a good number of pattern breakouts .TSLA a wedge breakout. BYND, BNTX fry pan bottom breakouts. Today CRDF producing a strong J-hook pattern confirmation. A simple factor of human nature, as long as bullish sentiment keeps the indexes above the T line, investor confidence will produce strong breakout situations. Candlestick patterns merely indicate the buildup of investor sentiment so breakout levels can be watched for good strong price moves. Use the T line as your ultimate trend indicator.
The nature of the uptrend in the market indexes remain evident, whipsawy! The Dow is currently trading at where the market opened yesterday. The NASDAQ gapped up today, revealing the T-line was acting as support.
Expect some consolidation in the market indexes after yesterday’s big move. The Dow is currently nudging the top of the trend channel. However, the Dow and the transportation index are trading up strong while the NASDAQ and S&P 500 are trading flat – Doji type days.
How do you keep yourself from getting whipsawed out of good positions? Using the ultimate trend indicator with candlestick analysis – the T-line. The T-line acts as a natural support and resistance level of human nature. When you combine this with the graphic depiction of investor sentiment, you produce an extremely high profit/high probability trade combination. Prices do not move based upon fundamentals! Prices move based upon the perception of fundamentals. This is exactly what the graphics of candlestick analysis provide, the interpretation of the fundamentals. Friday, both the Dow and the NASDAQ closed back at the T-line area. This provided a very easy trend analysis. The indexes needed to trade positive today to produce high probability of the uptrends continuing. Seeing the positive open allows the candlestick investor to move immediately on good bullish trades, knowing the uptrend had a high probability of remaining in progress.
A good number of our recent recommendations were up 8%, 11%, 13%, and 16% today. This is based upon the expected results coming out of J-hook patterns and frypan bottom patterns. Utilizing the information incorporated in a candlestick pattern produces much greater probabilities of moving in the right direction but also pattern breakouts produce much more excessive profitability than merely up trending stocks during a choppy uptrend. BNTX is a good illustration of a frypan bottom breakout, especially breaking out through the 50 day moving average.HIBB J-hook pattern results work as expected. The identification of strong patterns are enhanced as they work off of the T-line. Join us on October 17 and 18th for a full two-day training discovering how the T-line dramatically improves your correct trade ratio. You can make very good profits using candlestick signals and patterns. You can make great profits using candlestick signals and patterns with the T-line. Click here for more information.
Chat session tonight at 8 PM ET.
Good investing,
The Candlestick Forum team.
October 14th Daily Market Comments
Consolidation is still the main trading factor Today, the major indexes trading relatively flat after trading higher on the open. However, consolidation is more evident versus any reversal of investor sentiment based upon the transportation index continuing to trade in a strong bullish uptrend. Expect some profit-taking in this area but as of yet there is not any signs of any major change of investor sentiment. The strategy remains the same, stay predominately long but have safety stops in place.