Chat session tonight at 8 PM ET.
Good investing,
The Candlestick Forum team
Archives for June 2021
June 21st Daily Market Comments
June 21, 2021
The gap down in the oversold condition in the Dow on Friday provided a high probability prospect of a possible reversal, especially moving excessively away from the T line. Today’s positive trading in the Dow has currently negated the bearish sentiment. The NASDAQ closed right on the T line on Friday, it needed to see positive trading today. It will be important to see the market indexes close near the top end of there trading range today, to dispel some of the indecisiveness of the market trend over the past few days. Use the T line as your ultimate indicator.
June 18th Daily Market Comments
June 18, 2021
The Dow gapped down in the oversold condition. This would warrant watching for a bottom reversal. Although the NASDAQ is trading lower today, it is still up above the T line in numerous stocks related to the NASDAQ are continuing to trade positive. This makes the T line a very valuable trend indicator. Watch the electric vehicle sector, showing signs of strength.
June 17th Stock Chat with Guest Speaker Steven Place
June 17, 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 06/17/21
At the end of the webinar, Steven announced his upcoming “Identifying Breakouts with Candlestick Logic” event, which he’ll present on Saturday, June 26th.
This 4-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.
Big Breakout Moves Easily Identified
June 17, 2021
The NASDAQ in an uptrend, the Dow in a downtrend, making the best strategy to have both long and short positions in the portfolio. Numerous breakout patterns are occurring coming out of fry pan bottoms and J-hook/bobble breakouts. This is producing strong profit opportunities in both long positions and short positions. We are seeing J-hook patterns and bobble breakouts in numerous stocks i.e. PCT, CHPT,BLI, NVDA, EOLS,KPTI. and AFRM. What produces a strong comfort level these patterns are working? Note how the T-line acts as a very obvious support level, continuing the uptrend. That same scenario can be utilized for short positions such as LPX, TAL, GOTU, DE. The huge advantage provided to candlestick investors is very easy analysis of what patterns will produce a high profit trades based upon historical results of investor sentiment. The big price moves can be identified at breakout levels. Join us June 26 for a full-day training on how to identify and be prepared for a price breakout that will produce excessive profits. This is not magic! This is merely recognizing what patterns work over and over based upon investor sentiment. Click here for more info.
Chat session tonight at 8 PM ET with guest speaker Steven Place. Click here to register.
Good investing,
The Candlestick Forum team
June 17th Daily Market Comments
June 17, 2021
The same market analysis as the past few weeks, no major change of investor sentiment, evidenced with the NASDAQ trading positive in the Dow trading lower. The investment strategy remains staying long in the long positions that continue to trade above the T line and stay short the short positions that continue to trade below the T line. Both long and short should be in the portfolio.
June 15th Daily Market Comments
June 15, 2021
The selling continues in the Dow, the NASDAQ and the S&P 500 are showing selling today but not necessarily any major change of the current trend. This makes the T line more relevant on individual stock prices. Numerous short positions are performing well. Continue to have both in the portfolio.
High Profit Patterns
June 14, 2021
With the NASDAQ continuing its uptrend from the J-hook pattern in the Dow continuing its downtrend from the bearish Doji sandwich signal, the best portfolio strategy is to have both long and short positions in the portfolio. Currently, fry pan bottom breakouts are producing good profits, as demonstrated in AVXL today with a best friend breakout at a fry pan bottom resistance area. Up 35% on the day! Numerous high probability/high profit patterns, such as the classic pattern and the bobble breakout, are producing high probability results. The more pieces of visual evidence witnessed, of what investor sentiment does time after time, allows the candlestick investor to take advantage of not only high probability trade direction but very strong price moves. Trading candlestick signals and patterns have an additional benefit. They produce expected results in spite of what the overall market conditions are revealing.
Having the ability to identify when a breakout situation is about to occur, based upon reoccurring human nature, allows an investor to improve the probabilities of being in a correct trade at the appropriate time as well as participating in high profit price moves. Join us June 26 for a full day training on how to identify and anticipate when a strong breakout price move is about to occur. When you dramatically improve your probabilities of being in a correct direction with the added benefit of participating in high profit moves with a much greater degree of probability, a portfolios return is dramatically enhanced. This is the whole purpose for successful investing.
Chat session tonight at 8 PM ET.
Good investing,
The Candlestick Forum team
June 14th Daily Market Comments
June 14, 2021
The NASDAQ trading higher the Dow trading lower, but the nature of the market remains consistent. The strong charts continue to trade strong. Numerous J-hook pattern/bobble breakouts are working very well. The strategy remains the same, stay in the strong bullish charts that remain above the T-line. Currently there is not anything indicating a major change of investor sentiment in the overall market conditions.
June 22nd Daily Market Comments
The expected consolidation/profit-taking after yesterday’s big up move was relatively quick, indicating the bullish sentiment is still in progress. The strong index is still the NASDAQ, creating a J-hook pattern supporting at the T line. This reveals bullish sentiment in that area is still very solid. The strategy remains the same, remain long in bullish positions that continue to trade above the T line. Keep your safety stops just below the T line.