Archives for January 2023

Candlestick reversal signals appeared in the indexes yesterday. The NASDAQ formed a bearish left/right combo confirmed with a lower open today, closing below the 50-day moving average and the T-line. Candlestick reversal signals also formed in the S&P 500, with an evening star signal failing at the 200-day moving average and confirming today with a lower open, which closed below the 50-day moving average and the T line. A lower open tomorrow would form a Dagwood, an evening star signal followed by a bearish Doji sandwich or an evening sandwich. This makes scanning for the strong candlestick reversal signals such as the bearish best friend signal as indicated in RUN or a bearish engulfing signal followed by a gap down through the 50ma seen in AMD. Any long positions require strong bullish confirmation, continuing to trade above the T line. However, with the markets showing a more substantial bias to the downside, scanning for the strong bearish candlestick reversal signals is the logical strategy. Join us Saturday, January 21, for a full day of training on how to recognize and profitably utilize candlestick patterns. This training allows for a much more accurate assessment of the overall market trend based upon patterns and then applying that information to the most vital individual stock patterns. This process puts all the stars in alignment, greatly improving your probability of being in the correct trades at the correct time.

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

Good Investing,

Stephen Bigalow

The ultimate candlestick trend analysis incorporates both candlestick patterns and candlestick signals. The ultimate trend analysis utilizes investor sentiment showing either a strong trend reversal or a consistent investor sentiment buildup. Today, the Dow sold off hard, the likely result of Goldman Sachs missing the earnings. But the NASDAQ closed higher. There is a simple logic analysis. If one index is trading lower while another is trading higher, that merely indicates a shift of funds from sector to sector, not a major change in investor sentiment. The fry pan bottom pattern in the market indexes also makes fry pan bottom breakouts in individual stocks’ high-profit trade setups. Join us Saturday, January 21, for a full day of training on how to utilize the combination of candlestick patterns in analyzing the overall market trends and individual stocks that produce the highest profitability when demonstrating a pattern breakout in the same direction as the market.

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

Good Investing,

Stephen Bigalow

Strong candlestick patterns allow an investor to improve their trading strategies’ probabilities dramatically. Strong candlestick patterns incorporated into market trend analysis allow for taking advantage of executing trades with strong candlestick signals that will continue because of the expectation of a bullish market trend coming out of a fry pan bottom. EXAS and AGL are good examples of kicker signals continuing to perform because of the lack of any bearish sentiment in the markets. Numerous Fry Pan Bottoms in individual stocks produce Fry Pan bottom breakout profits. Learning how to simulate the logical knowledge built into candlestick patterns that allow you to improve your probabilities of profitable trades. The fry pan bottom’s in the market indexes imply more upside.

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

Good Investing,

Stephen Bigalow