and The Candlestick Forum
Although the slow steady uptrend remains in progress, there are numerous stocks that have been in uptrends showing profit-taking today. This is what makes the T line analysis important. As long as stock trends remain above the T line, stay long, anticipating merely just profit-taking.
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The market conditions are providing big profit opportunity. The market itself is not necessarily in a strong uptrend, with each index up one day down the next, opposite of the other indexes. But the fact that there is no change of investor sentiment, bullish confidence continues to build. This allows for breakouts that can be easily identified with candlestick analysis to perform with much greater profitability because there is no bearish sentiment deterrent to keep the strong bullish moves from occurring. The fry pan bottom patterns are performing extremely well. The J-hook patterns are producing high profit trades. Good profits are coming from obvious candlestick pattern breakouts such as SPCE producing a fry pan bottom/J Hook pattern breakout on Friday. The bobble breakout as demonstrated in SQ continues to produce a good trade.
The logic built into candlestick analysis puts investor funds in trades that have extremely high probability result expectations. Additionally the results usually perform with much greater profitability than just merely up trending stocks in an uptrending market. Investor sentiment works the same way time after time. Breakout trades can be anticipated based upon candlestick pattern results. Identifying those trades becomes much easier when utilizing the information in our daily chat room. When you have hundreds of investors in a chat room looking for the same pattern breakouts, it is much more likely that somebody will identify a breakout situation in its early stages. You do not have to be a sophisticated technical analyst to analyze the candlestick signals and patterns that clearly illustrate when there is a major change of investor sentiment. Join us in the chat rooms every day! The information in the room provides more good trades than most investors can handle. This allows for cultivating which trades are going to produce the biggest profits.
Chat session tonight at 8 PM ET.
Good investing,
The Candlestick Forum team
Big profit breakouts are more likely to occur when you can analyze that the market trend is remaining in a consistent uptrend. This is the result of investor confidence continuing to build up as long as there is no selling fear. This makes breakout set ups more likely to produce high profit/high probability gains. Candlestick patterns, such as the fry pan bottom/J Hook set up in SPCE was a much greater probability with the market continuing higher. Do all candlestick patterns produce big gains? Definitely not, but the probabilities of a pattern breakout is much greater when the overall market conditions do not demonstrate any investor concerns. Our training this weekend revealed a number of pattern set ups that are likely to produce big breakout moves. Watch for the Candlestick Forum Breakout Alerts
The nature of the market trend remains the same, Today the NASDAQ is up, the Dow is down, the S&P 500 relatively flat. This continues to make the patterns working well, fry pan bottom’s i.e. TSLA, AVX. The scoop pattern KLIC. The electric vehicle sector continues to show steady strength. Note that many uptrending stocks consolidate back to the T line but then continue higher. Stay predominately long use the T line as your final criteria.
Do all candlestick signals and patterns work? Definitely not but the vast majority will work based upon reoccurring investor sentiment. But more importantly, the identification of bullish patterns put you in positions where the probabilities of being in a big strong price move is greatly in your failure i.e.SPCE. Use candlestick logic built into graphics. The uptrend remains in progress as illustrated with the strength in the Dow and the NASDAQ and S&P 500 continuing to trade above the T line. The bullish chart patterns continue to perform.
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Stock Chat – Thursday 06/24/21
The steady trend movement in the NASDAQ and the S&P 500 are producing a market environment that creates big breakout moves. This is due to investor sentiment becoming more and more confident as a trend consistently moves higher.
Are you missing the big price moves? Does it seem like everybody else gets in big profit trades and you are not?
Two weeks ago, the Candlestick Forum presented a Mini Spotlight training on recognizing when a breakout move is about to occur. Now join us on Saturday, June 26 for a full day in-depth, step-by-step analysis of how to be prepared for strong breakout price moves before they occur.
This step-by-step training will expand your insights by understanding the common-sense logic built into each step. This allows you to master breakout trading successfully.
The steady buildup of investor confidence is creating numerous strong bullish patterns as well as breakout profits. You do not have to be a sophisticated technical analyst to take advantage of the information built into candlestick signals.
Chat session tonight at 8 PM ET with Guest Speaker Jeff Tomkins. Click here to register.
Good investing,
The Candlestick Forum team
The trend kicker signal in the Dow has brought it well above the T-line, both indications more upside is expected. This is occurring with the NASDAQ and the S&P 500 continuing their uptrend above the T line. Obviously, the bulls are in control. The electric vehicle sector and the weeds stocks sector are acting strong. Stay long, use the T line as your trend criteria, keep safety stops in place.
The Dow is currently having trouble getting through the T-line. Not unexpected because the big up today was not a candlestick reversal signal. This usually indicates the lack of strong reversal, failing at the first resistance level. The NASDAQ and the S&P 5The Dow is currently having trouble getting through the T line. Not unexpected because the big up today was not a candlestick reversal signal. This usually indicates the lack of strong reversal, failing at the first resistance level. The NASDAQ and the S&P 500 continue to trade above the T line. The overall market trend analysis remains the same, a slow up trending market making individual stock charts the main criteria. Stay predominately long in trades that remain above the T-line.
June 30th Daily Market Comments
The Dow trading higher, the NASDAQ trading lower, the S&P 500 trading flat. No major change of investor sentiment. The S&P 500 might be telling a story, showing indecisive trading at the upper resistance level. Be prepared to take profits if there is a major change in investor sentiment, sell signals in all the indexes at the same time.