Archives for April 2021

April 22nd Stock Chat with Stephen Bigalow

April 22, 2021

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 04/22/21


 

At the end of the webinar, Steve announced his upcoming “Back to the Basics” event, which he’ll present on Saturday, April 24th.

This 90-minute training workshop will provide you with visual perspectives that will improve your investing for the rest of your life.

Click here for more information.

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Filed Under: Stock Chat

April 22nd Market Wrap-Up

April 22, 2021

Candlestick signals and patterns produce big price move opportunities, even when the overall market direction is not correlating. The scoop pattern, as identified in our recommendation of OCGN, was based upon the expected results coming from a scoop pattern. This usually indicates a strong price moves/slingshot effect. Rhetorical question, doesn’t necessarily occur in one day? Definitely not, but a major advantage of candlestick analysis is being in situations where the probabilities of being in a big price move are constantly in the investor’s favor. The simple logic built into the candlestick signals produces a trading strategy that keeps investors in a high probability trading program. The probabilities of being in a are merely logical trading perspectives. Candlestick analysis is merely the graphic depiction of investor sentiment. Join us this Saturday, April 24, for basic training on candlestick logic. This information will provide a completely new investment perspective. You gain valuable insights from the graphics of candlestick charts, the results of the most consistent trend indicator – human nature. Click here for more info.


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

 

Good investing,

The Candlestick Forum team

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April 20th Daily Market Comments

April 20, 2021

The Dow has moved back to the T-line after yesterday’s bearish Harami. The NASDAQ continues to selloff, trading below the T-line Today, after yesterday’s hanging man/gap down. Continue to close long positions that are not showing strength, the short positions are working well. The portfolio should be oriented toward the short side.

 

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Filed Under: Daily Stock Market Comments

April 19th Market Directions

April 19, 2021

Applying the candlestick logic to market trend analysis allows candlestick investors to have the appropriate positioning in their portfolio/trading. This is true for trading stocks, currencies, commodities, any trading entity that involves fear and greed, which is everything. Join us this Saturday, April 24 for a mini spotlight training on the logic incorporated into candlestick analysis that constantly puts the probabilities in your favor. Click here for more information.

Sector rotation is still the predominant factor in this current market uptrend. Note that the Dow, when it consolidates, still has not been able to close back below the T line. The NASDAQ, however, after a dragonfly Doji/hanging man signal on Friday gapped down today indicating a much stronger selling pressure. This would indicate Dow related stocks will maintain uptrends while the NASDAQ related stocks might show some more profit-taking/selling. The analysis of individual trades is greatly enhanced by knowing the overall market nature. You dramatically improve the probabilities of being in the correct trade direction when using candlestick signals to evaluate which stock/sectors have the greatest upside or downside potential.

Chat session tonight at 8 PM ET.

Good investing,

The Candlestick Forum team

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Filed Under: Free Newsletters

April 19th Daily Market Comments

April 19, 2021

Friday’s dragonfly Doji/hanging man signal in the NASDAQ provided a little warning to watch for profit-taking on a weaker open today. The transportation index was remaining above the T line but with Doji type days, this provided a little bit of warning to watch for a potential reversal. Obviously, today short recommendations are working well. The top be conditions of the market indexes was making having both long and short positions in the portfolio a viable strategy. Any long positions that appeared to be showing weakness should be closed at the end of the day.

 

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Filed Under: Daily Stock Market Comments

Weekly Watch List April 19th – April 23rd

April 19, 2021

Candlestick signals produce an extremely high probability result. This is based upon observations and application by the Japanese rice traders over the centuries. Join us Saturday, April 24 for a mini spotlight training on the basics of candlesticks. This information will produce a new perspective on how to identify the changes of price trends. Wouldn’t you like to be able to identify high profit trade potentials on a consistent basis? Join us this Saturday. You will get much more information than you anticipate. Click here for more information.


The market trend is easily assessed knowing what each candlestick signal and pattern illustrate. This allows the candlestick investor to be positioned in the right trades at the right time. Currently, the uptrending indexes remain above the T-line, producing strong probabilities the uptrend remains in progress. This evaluation remains in place until witnessing a strong candlestick sell signal. Knowing there is not any major change in the current trend allows for taking advantage of the high profit candlestick pattern breakouts that produce big trade results. Knowing the 12 major signals produces a huge analytical advantage, whether using candlestick analysis as your primary trading method or applying it to any trading method that you are currently using. It will dramatically improve your analytical capabilities.

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Filed Under: Weekly Watchlist

April 16th Daily Market Comments

April 16, 2021

The market trend analysis remains consistent with the past four weeks. The Dow is trading higher Today, the NASDAQ is trading lower, but both indexes continue to trade above the T line. Gold continues to trade higher making gold stocks continuing an uptrend. Today might be a lethargic trading day, a Friday. Continue to use the T line as your trend indicator.

 

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Filed Under: Daily Stock Market Comments

April 15th Stock Chat with Kirt Christensen

April 16, 2021

In order to download click on the link below, once on the video page you will right click on the video then hit “Save video as” to save to your files.

Stock Chat – Monday 04/15/21

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April 15th Market Wrap Up

April 15, 2021

The market indexes are experiencing consolidation during the uptrend. The uptrend remains in progress as long as the indexes continue to trade above the T-line. A trend closing below the T-line after a candlestick sell signal is a much stronger confirmation there has been a change of investor sentiment. This is clearly illustrated in the April lean hogs chart, a large bearish engulfing signal last week and a close below the T-line was a strong indication the downtrend was in progress.

The steady uptrend of the markets allow candlestick investors to take advantage of the high profit/high probability pattern breakouts. The bobble breakouts continue to produce good trade set ups. Many stocks will slowly trend up in a slow uptrend of the markets. The advantage of candlestick analysis is it pinpoints which patterns are going to produce greater profits than merely an uptrending stock price. The J-hook pattern and bobble breakout pattern allows for identifying what the next price move will likely be. Wave three will usually be the same magnitude as wave one. This is what allows the candlestick investor to maximize profitability when the trend is moving in the analyzed direction.

Chat session tonight at 7pm central with Guest Speaker Kirt Christensen. Click here to register

Good investing,

The Candlestick Forum team

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Filed Under: Free Newsletters

April 15th Daily Market Comments

April 15, 2021

The indexes did not confirm the potential sell signals of yesterday. The NASDAQ is trading above yesterday’s open of a bearish engulfing signal. The S&P 500 is currently forming a bullish trend kicker. The Dow continues its uptrend. Gold stocks are reacting well Today to higher gold prices, bobble breakouts and trend kicker signals. Although potential sell signals occurred yesterday in the indexes, they have been negated today with additional confirmation the T line still acts as an up trending support.

 

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Filed Under: Daily Stock Market Comments
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