Archives for January 2023

January 31st Daily Market Comments

Although it is early in the day, today’s positive trading illustrates a lack of overall directional movement in the markets, likely waiting to see what the Fed reports this week. However, there are numerous small-cap Stock price movements working well.

 

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January 30th Market Direction

Candlestick reversal signals appeared in today’s market trading. This is not unexpected with the markets in the overbought area at technical levels everybody else was watching. The Dow formed an evening star signal, one of the 12 major candlestick reversal signals. The S&P 500 began a bearish kicker-type signal. Although the NASDAQ did not form a candlestick reversal signal, one of the changes identified in our Candlestick training is when prices gapped down and close back below the open of the previous candle of an uptrend. There will be a high probability of selling continuing. This allows for quicker closings of bullish positions that are starting to show potential weakness/sell signals. This information provides the candlestick investor with immediate information and allows for better profit-taking. Everything built into candlestick charts is merely common sense put into a graphic depiction. When do you enter a trade? When do you exit a trade? This is information that is much more identified, knowing what signals and patterns investor sentiment produce time after time.

 

 

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Good Investing,

Stephen Bigalow

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January 30th Daily Market Comments

Today the Dow is trading higher after a lower open but the NASDAQ and the S&P 500 gapped down and are currently trading at or below Friday’s open. This does not yet indicate any change of investor sentiment but it is likely illustrating the current uptrend may be a slow oscillating uptrend. Use the T line as your ultimate criteria. This makes each individual stock chart the top analytical criteria.

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Weekly Watchlist January 30th – February 3rd, 2023

Candlestick patterns are the prevalent movers in this uptrend. The reoccurring pattern setup of human nature can easily identify candlestick patterns. The J-hook pattern has been identified in the NASDAQ and the S&P 500. Although the Dow did not form a reversal signal when it supported off the bottom of the wedge formation, the fact that the NASDAQ and the S&P 500 formed bullish signals added credence to the wedge formation support in the Dow. Candlestick patterns provide two huge benefits, a much more robust analysis of the trend, and the magnitude of the move will be much greater than mere up-trending stocks during an up-trending market. As illustrated in the AMZN chart, a belt holding a candlestick pattern enhanced the probabilities and visualization of the J-hook pattern. The solid initial price move of a J-hook pattern is the alert there is new strong investor sentiment coming into a trading entity. The J-hook portion is merely the profit-taking to be followed by another strong price move. The candlestick forum teaches investors how to identify the most prolific analysis of price moves, what human nature provides as high probability results. Join us Saturday, February 4th, for a Candlestick Forum mini spotlight training on how to trade commodities using candlestick signals.

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January 27th Daily Market Comments

The market indexes are not showing any change of investor sentiment, the S&P 500 is continuing the bobble breakout, the NASDAQ is trying to push up through the 200 day moving average, and the Dow is continuing its uptrend in the wedge pattern. The trading strategy is very simple, stay in the bullish charts that are remaining above the T line, stay in the bearish charts staying below the T line

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January 26th, 2023 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.

Stock Chat – Thursday 01/26/23

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Candlestick power Patterns January 26th Market Wrap-Up

Candlestick power patterns have been forming in these market conditions. Candlestick power patterns usually form in specific stocks to produce high-profit results. Market indexes. The NASDAQ and the S&P 500 have created strong J-hook patterns, a J-hook plus, and a bobble breakout, making the likelihood of the uptrend moving to identifiable resistance levels. Today the NASDAQ closed right at the 200-day moving average. This makes for easy analysis of how the market indexes open tomorrow. A positive open in the NASDAQ would reveal wave three was still in progress, not resisting at the 200-day moving average. The S&P 500 did not resist at an observable down-trending resistance level. Numerous J-hook patterns are performing well, and individual stocks. Take advantage of this information to put yourself in high probability/high profit expected pattern results. These patterns form because human nature works the same way time after time.. Join us for a free two-week trial to experience the information constantly conveyed in our chat rooms. The learning process is greatly expedited with a constant supply of good trade setups from experienced candlestick investors and with many helpful participants answering questions about why those trade setups

 

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

Good Investing,

Stephen Bigalow

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January 25th Market Direction

Today’s hard selling, reacting to the dismal outlook from Microsoft, puts the market indexes back into sideways mode, most evident in the Dow. The gap down in the NASDAQ and the S&P 500 produces that same scenario. The S&P 500, with a bearish kicker type signal shows a failure at the downtrending resistance level. Any long positions not showing any good strength should likely be closed.

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January 23rd Market Direction

Reading candlestick charts correctly significantly improves an investor’s profitability. Reading candlestick charts merely identifies the patterns and signals that have worked consistently. As illustrated in today’s trading, the NASDAQ confirmed a J-hook plus pattern, the S&P 500 confirmed a bobble breakout pattern, and the Dow continued to trade positive in the middle of a wedge formation. Reading candlestick charts produces a straightforward trading strategy. If the market indexes are forming candlestick patterns, numerous individual candlestick stock charts will likely be producing the same patterns. The candlestick forum teaches investors to recognize what is occurring in investor sentiment that will produce a high probability expected result. Prices do not move based on fundamentals! Prices move based on the perception of fundamentals. Candlestick signals and patterns represent what investor sentiment thinks about the current fundamental status of each stock. Once you learn the 12 major signals and the candlestick patterns, you have a much better grasp of what price movement will likely do. This alleviates listening to all the experts/talking heads on investment news stations. There is only one correct analysis! That is the market itself.

 

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Good Investing,

Stephen Bigalow

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January 23rd Daily Market Comments

The NASDAQ is currently confirming the J-hook plus pattern. The S&P 500 is forming a bobble breakout and the Dow is indicating it supported at the bottom of a wedge formation. Numerous J-hook plus and bobble breakout patterns are working well on individual stock prices.

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