Candlestick sell signals are the logical scanning process when the market is in a downtrend. Candlestick sell signals provide the strongest short potentials when the market direction is heading lower. As illustrated by the T line, the Dow and the NASDAQ are in a downward trend. The T line rule keeps from getting whipsawed. Although you may witness bullish trading during a downtrend, the final criteria. That has extremely powerful statistical probabilities, is the T line. How many times have you been whipsawed out of a good trade because it temporarily moved in the opposite direction of what you were expecting? If you are like me, the worst investor in the world before candlesticks came along, many times I would ask myself why did I let myself get stopped out and then the trend continued in the correct direction. Once I utilized the candlestick signals and patterns in conjunction with the T line, I dramatically reduced my emotional trading. As illustrated in some of the bearish kicker signals, good profits could be made witnessing a strong sell signal in the fact that the price trend could never close back up above the T line. Join us on March 26 and 27th for a full two day comprehensive training on all the common sense aspects built into candlestick analysis. Do not miss this opportunity to provide a very powerful perspective on your trading abilities. And greatly reduce your emotional trading. Click here for more information.
Currently there are strong down trending sectors that can be utilized during this market downtrend. You can short software stocks, NET,EVCM. CFLT, IOT, APPM. The aluminum sector is selling off you can short ACH, CENX, AA, KALU, CSTN on further weakness. The market trend analysis remain simple. As long as the indexes cannot close above the T line, expect more downside.
March 14th Daily Market Comments
Today’s positive trading puts the Dow and the S&P into a sideways trading mode. The NASDAQ is showing the least bullish indications. The T line continues to act as a relevant indicator for the overall market trend. Obviously, the lack of direction in the markets instigates more scrutiny on each individual stock chart. Watch to see where the Dow finishes today, above or below the T line.