Archives for August 2022

August 10th, 2022 Stock Chat with Stephen Bigalow

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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August 10th Daily Market Comments

Today’s positive trading indicates bullish patterns in the indexes provided the indexes trade near the high end of there trading range. The Dow is in the process of a J-hook pattern off the T line with a best friend signal today. However, the NASDAQ is trading lower after its open. Obviously bullish charts continue to act bullish, numerous trend kicker signals have occurred today. Stay long but be alert for any hard selling before the end of the day.

 

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breakout trades August 10th Market Wrap-Up

Breakout trades are more effectively identified utilizing candlestick patterns. Breakout trades are merely identifying where a pattern breakout is likely to occur, usually at a moving average or resistance level everybody else is watching. The combination of a candlestick signal at a candlestick pattern breakout level greatly improves the probabilities that a strong breakout is occurring. This is what we called 2+2 analysis. The more visual bullish indicators that can be witnessed in one glance, the higher the probability bullish sentiment, or bearish sentiment, is about to explode. You do not have to be a sophisticated technical analyst to utilize the information built into candlestick signals. The signals are merely commonsense investment perspectives put into a graphic depiction. Patterns work consistently, with a high degree of probability, because human nature works the same way time after time. Your success in trading merely requires identifying the price moves that occur over and over with great consistency. Join us each Thursday night at www.candlestickforum.com and click on Stock chat. The password tonight’s bigalow 11. Join us, you will gain a lot of insights into the common sense aspects of candlesticks.

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August 8th Market Direction

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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August 8th Daily Market Comments

 

The uptrend remains in progress in the market indexes especially with a J-hook pattern set up in the Dow and the transportation index. The J-hook patterns are continuing to be profitable. The trading strategy remains simple, stay predominately long as long as the indexes continue to trade above the T line.

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August 4th, 2022 Stock Chat with Stephen Bigalow

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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August 4th Market Wrap-Up

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August 4th Daily Market Comments

Appears to be a lethargic trading day in the middle of the summer. The lack of movement in the indexes today does not show any change of investor sentiment, the current trend remains in progress. This continues to allow good charts to perform well.

 

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August 2nd Daily Market Comments

The indecisive trading of yesterday in the indexes, the Doji/Harami signals in the overbought condition, provided the warning that the recent high of June 1 might be acting as a resistance level. That is being confirmed with the lower trading today. This would have been a stimulus for taking profits on long positions today if the premarket futures were showing a bearish sentiment. The transportation index is selling off very hard while the Dow is selling off, likely back to the T line. It will be important to see where the markets close today. Unfortunately it may be indicating the continuation of a sideways/summer doldrums market trend.

 

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August 1st Market Direction

The best trade setups are based on human nature. The best trades setups not only detect a high probability trend analysis but also producing a very strong price move in that new trend. Currently the market indexes have moved positive based upon J-hook patterns. However, an important level to be breached was the recent high of June 1. If the indexes could trade above that level, which currently only the NASDAQ has done so, that would indicate the persistent downtrend of the markets would now have a new dynamic. The bulls had stepped up enough to show the bearish sentiment had diminished. That will be why it is important to see if the indexes can move up or stay up above the last peak of June 1. The J-hook pattern in the indexes also produce good J-hook patterns in individual stock prices. The candlestick investor can take advantage of this information. The bobble breakout is a more enhanced probability of producing a strong profit potential because of its establishment based upon moving averages everybody else is watching. When you learn the logic built into candlestick charts, you greatly improve your analytical abilities, not having to depend on anybody else’s prognosis or recommendations. Join us in the candlestick forum chat rooms each day. You will be exposed to numerous good trades set ups, whether you’re a daytrader, swing trader, or long-term investor.

 

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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