Archives for August 2022

August 22nd Market Direction

Strong candlestick sell signals produce much stronger results when going with the market trend. Strong candlestick sell signals identified in the market indexes produce much greater probabilities of good short position profits. The Dow demonstrated Doji’s right at the 200 day moving average in the overbought condition. The Doji rule made it very easy to analyze whether the 200 day moving average was going to act as a resistance level. The lower open on Friday produced a high probability the market trend was heading lower. That was additionally confirmed with the NASDAQ gapping down on Friday and closing well below the T line. Unofficial statistic – a close below the T line after witnessing a candlestick sell signal is likely to produce a downtrend with a 90% probability or greater. You can greatly improve your profitability by knowing what the results are from candlestick signals, patterns, and the T line. If you already have a trading strategy that works reasonably well, adding candlestick charts will make the analysis of correct trades that much greater.

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

Good Investing,

Stephen Bigalow

Share

August 22nd Daily Market Comments

Reality check? Inflation, interest rates, new government spending, what do most investors think this could do to the economy? After a bullish bounce in an extended downtrend over the past six months, where was the likely target to take profits? The Dow and S&P 500, the 200 day moving average! Also, a good trend confirmation is in individual stock price charts. When short position patterns become much more attractive than bullish chart patterns, this simply implies the bears are starting to take control.

 

Share

August 19th Daily Market Comments

The T-line rule/Doji rule is providing good evidence the bears are starting to take control. The probabilities are now pointing to closing out long positions that are showing weakness and adding short positions. The NASDAQ gapped down through the T line, a strong sell indication.

 

Share

August 18th Stock Chat with Guest Speaker Vince Vora

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.

Share

August 18th Market Wrap-Up

Accurate trend analysis is a simple process when using candlestick charts. Accurate trend analysis is important whether daytrading, swing trading or long-term positioning. The probabilities are greatly improved by knowing the direction of the overall market, which would further enhance the confirmation of candlestick signals. Currently, the market indexes are in a consolidation stage but the nature of the indexes, illustrated by Doji’s, demonstrates a lack of decisive selling. When the signals occur at major support or resistance levels, the candlestick investor gets a much more clear evaluation of what the trend is likely to do. Accurate trend analysis puts the stars in alignment. Knowing the direction of the overall market using simple scanning techniques allows for identifying which sectors are acting the strongest during that trend. That can further improve investment probabilities by identifying the strongest chart patterns of individual stocks in that sector. This is the basis of candlestick analysis. It consistently puts the probabilities in your favor. Join us for our two-week free trial, allowing investors to experience the logic of our stock picks each day and expediting the candlestick learning process in the daily chat rooms. This is where good trade setups are posted by experienced candlestick traders as well as learning quickly why those trades are good potential.

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

Good Investing,

Stephen Bigalow

Share

August 18th Daily Market Comments

Why no pics today? There will be times when the markets are not showing decisive direction. Yesterday’s Doji/Harami in the Dow produced good evidence of consolidation at the 200 day moving average. The NASDAQ was testing the T-line as support.

Share

August 16th Daily Market Comments

Although the NASDAQ is trading lower today, it is not showing any severe change of investor sentiment. The other indexes are all trading positive with the Dow and the transportation index pushing up through the 200 day moving average, illustrating that currently that resistance level does not appear to be acting as resistance. Walmart and target are bringing the retail sector up strong.KIRK can be bought coming out of a scoop/breakout.

 

Share

August 15th Market Direction

The strong sectors can be easily identified with candlestick analysis. The strong sectors have multiple confirmations. The signals and patterns can confirm what logical analysis would be implying. The lithium mining stocks have been acting well because of all the emphasis on the push for more electric vehicles worldwide. Have you ever witnessed information in the investment news area indicating likely bullish trading but then the prices do not move? That’s the benefit of candlestick charts! They reveal whether your analysis is correct. As seen in the lithium mining stocks, strong candlestick patterns revealed the buildup of bullish sentiment, fry pan bottoms. Additionally, if the vast majority of stocks in that sector are moving in the same direction, simple logic indicates investors are buying that sector across the board. The strength of individual candlestick signals, such as the kicker signal, also reveals when there has been a major change of investor sentiment in an individual stock. Join us in our chat room. Each day a good number of chat room members identifying what strong price move setups are occurring provides a constant supply of good trades and the rationale/explanation of why those chart patterns will produce good trades. This dramatically expedites the learning of candlestick analysis.
https://www.stephenbigalow.com/free-2weeks

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

Good Investing,

Stephen Bigalow

Share

August 15th Daily Market Comments

The market indexes remain in an uptrend indicated by the continued trading above the T-line as well as above the 3T-line. The transportation index is the first index to reach the 200 day moving average, it is trying to push through that level.

Share

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.

Share