Archives for August 2021

August 31st Daily Market Comments

The NASDAQ and S&P 500 continue their uptrend while the Dow is showing sideways movement. This still allows for participating in some strong up trending charts/strong candlestick bullish patterns, as well as some strong bearish patterns i.e.TPIC, FIVE.

 

Share

Strong NASDAQ

Candlestick trend analysis makes assessing the direction of a trend very easy. Last week, the indexes showed a potential bearish reversal, bearish candlestick signals. However, the NASDAQ, although showing a very signal, did not close below the T line. Friday’s positive trading all the way back up through the open of Thursday’s trading negated the sell signal, revealing continued bullish strength. A major benefit of the information built into candlestick chart graphics is indicating with a high degree of probability the direction of the market indexes and also revealing when those signals are not confirming. This is as important information as recognizing when a reversal signal is confirming.AMZN, AAPL, NFLX are all reviewing strengths. These stocks being the well-followed stocks reveal there is a lack of bearish sentiment in the markets, confirming what the indexes are revealing.

Candlestick analysis is simply a common sense trend analysis put into a graphic depiction. As experienced in our daily chat rooms, numerous profitable trades are recognized by a good number of candlestick investors, consistently supplying a good supply of profitable trades.

Share

August 30th Daily Market Comments

The market strength is most evident in the NASDAQ and S&P 500.AMZN it is illustrating the bullish confidence in this market along with NFLX. The uptrend remains solid in the markets with a lot of profit-taking along the way. The strategy remains the same, stay predominately long and use the T line as the final criteria.

Share

Saturday Spotlight: Profit Taking 101

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 – Saturday 08/28/21

Share

August 27th Daily Market Comments

Today’s positive trading in the indexes have negated the potential sell signals of yesterday. However, it will be very important to see where the indexes close today. If the current bullish trading sells off towards the lower end of today’s trading range, yesterday’s sell signals will still be viable. Stay long in positions that have remained above the T line but always keep safety stops in place.

 

Share

August 26th Stock Chat with Guest Speaker John Seville

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 08/26/21

Share

August 26th Market Wrap-Up

Today’s bearish engulfing signal/left-right combo in the Dow indicated they were not moving in the market up further. Witnessing this below the previous high is a strong probability indicator that investor sentiment has changed. This immediately alerts the candlestick investor to start closing out long positions that were not showing good strength. The previous three trading days produced an advanced block signal in the NASDAQ, indicating the diminishing strength of bullish sentiment. Utilizing this information allows the candlestick investor to move much more aggressively for closing out long positions that were not showing strength. This leads to our candlestick mini spotlight training oriented toward when to close out positions utilizing the information built into candlestick analysis. The candlestick signals and patterns allow investors to see when there is a change of investor sentiment well before the full-fledged selling occurs.https://special.stephenbigalow.com/101-profit-taking/

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

Good investing,

The Candlestick Forum team

Share

August 26th Daily Market Comments

No apparent change of investor sentiment, slow uptrending indexes but continuing to trade indecisively. The strong price moves should have safety stops in place i.e.DVAX, XAIR. Long-term investors should consider QS trading back up above the T-line. Stay predominately long but with stops.

 

Share

August 25th Daily Market Comments

The Dow has already consolidated back to the T-line Today and then started back higher. The NASDAQ and the S&P 500 continue to trade higher but indecisively, appearing to continue the existing uptrend prior to the profit-taking pullback. The strategy remains simple, stay predominately long utilizing the strong candlestick charts, J-hook patterns and best friend signals.

 

Share

August 24th Daily Market Comments

The lack of any selling pressure in the markets continues to allow the strong candlestick signals and patterns to perform very well. The best friend signal and the J-hook pattern are producing good profitability. The trading strategy remains simple, as long as the indexes continue above the T line, utilize the strong bullish signals and the T line.

 

Share