Archives for June 2022

June 22nd Daily Market Comments

The market indexes continue to trade in a basing mode, not yet indicating if a bullish reversal has confirmed. The T line continues to be a relevant indicator. The J-hook patterns are producing good profit trades. The scoop pattern is also working. Until the markets show a definite trend, be prepared to close out positions quickly if they are not working.

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June 21st Market Direction

High probability trades are easily identified using candlestick signal results. A common question is when you have so many good bullish reversal signals on any given day, how do you pick the best trades. High probability trades are based upon candlestick signal and pattern expectations. The inverted hammer signal provides a 95% or greater probability an uptrend is in progress if it opens positive and trades positive after the inverted hammer signal. Pattern breakouts also provides two major benefits. First, a high probability of the direction of the next move and secondly, a strong move is expected. This allows the candlestick investor to constantly cultivate their portfolio positions to be in the best possible/most profitable trade set ups. This process allows the candlestick investor to constantly improve the probabilities of profitable trades. Join us Saturday, June 25 for a full day training on daytrading set ups that produce good expected results. This is not only good for daytrading but also for fine-tuning swing trading entries. Join us, you will get a lot more information than you expect

Members Chat session tonight at 7pm central. Free to Members. Not a member? Click here to join

Good Investing,

Stephen Bigalow

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June 21st Daily Market Comments

The market indexes are in the oversold area showing some bullish strength. It will be important to see where the indexes close today, indicating merely a bounce in a downtrend or a potential reversal. The NASDAQ is currently nudging the T-line, the other indexes have more upside to get to the T-line. The 3T-line becomes an important factor. Adding any long positions in this area requires bullish follow-through. Short positions should start to be covered if they don’t show weakness going into the end of the day.

 

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June 17th Daily Market Comments

A reminder, a downtrend will usually see early-morning buying but then continued selling later in the day. Do not jump after long positions in those conditions unless there is a very viable bullish signal or pattern. Continue to stay predominately short until there is a definite reversal signal in the market indexes.

 

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June 16th, 2022 Stock Chat with Guest Speaker Mark Helweg

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.

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June 16th Market Wrap up

High probability signals produce very accurate trend analysis. High probability signals such as the double Doji and the bearish kicker signal were demonstrated in the Dow and the NASDAQ, indicating the downtrend remains in progress. It is not unusual to see strong whipsaw action during Fed announcements. However, witnessing the gap down from yesterday’s trading the next day merely indicates the knee-jerk reaction of yesterday’s trading was then followed by the reality that raising interest rates didn’t magically change the overall scenario of economic conditions. Further bearish confirmation was the fact that all the market indexes around the world were selling off. The candlestick investor can trade with much more confidence knowing that bearish candlestick signals is confirming the obvious downtrend. There are numerous candlestick signals and patterns that produce very high probability trade results. Knowing these trade set ups allows for very profitable/high probability daytrade set ups. Join us Saturday, June 25 for a full day daytrading training that visually recognizes when a high probability trade is about to occur. You will get much more information than you anticipate.

 

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June 15th Daily Market Comemnts

A bounce? Not unexpected with the indexes moving excessively below the T line. Obviously anticipation of the Fed announcement today. After the fed announcement, watch to see what the market action is from there, being when the announcement is out-of-the-way, all the remaining factors for analyzing/deciding whether to be buying or selling will be back to the existing factors, inflation, five dollars a gallon gas, etc. Note that the Dow bounced back up to the 3T line and is currently selling off from that level. Keep in mind, the downtrend remains in progress until there is a candlestick buy signal.

 

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June 13th Market Direction

The strongest bearish trades are easily identified with candlestick analysis. The strongest bearish trades become highly profitable when able to accurately evaluate the overall market direction and then identify the strongest bearish candlestick signals in individual stock charts. Bearish Best Friend signals and bearish Kicker signals can produce very profitable short positions as well as put trades and put spreads. The simple candlestick scanning techniques allow investors to identify which stocks are being sold with the greatest bearish force. Simple visual analysis improves the prospects of a bearish trade when the signals occur at major resistance levels. Knowing the expectations of candlestick signals and patterns also produce a self-induced indicator. If you wake up in the morning and feel anxious about your portfolio/trade positions, it means you are probably positioned incorrectly based on what the candlestick market trend indicators represent. If you wake up in the morning and you feel very comfortable with your existing positions, you have utilized the information in the candlestick charts, dramatically reducing the emotional expectations of what you hope would be occurring. The Japanese rice traders have a very simple analysis. Let the market tell you what the market is doing! That will consistently put you in the correct trades with a high probability.

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June 13th Daily Market Comments

A very compelling trade indicator! If you become convinced that candlestick signals and patterns work an extremely high percentage of the time and you are feeling anxiety with your positions, you are positioned incorrectly. Close positions and analyze the markets/prices with a clear mind.

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June 10th Daily Market Comments

Inflation! Did the smart money anticipate today’s CPI report and yesterday’s trading? Who knows, but as a candlestick investor all we have to do is analyze the fact that investor sentiment broke down through the sideways trading range of the past two weeks. The close below the T line yesterday in the indexes revealed the probabilities of a new market trend. Any long positions require even more compelling reasons to stay long today. Be predominately short.

 

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