Archives for January 2023

January 20th Daily Market Comments

Morning Member Comments

Be careful of today’s early bounce. Look for some consolidation near the T line on some of the indexes. Any buying today should be done with the watchfulness of strength maintaining going into the close.

No pics today due to loss of Internet last night. Chat session tonight at 6 PM, to make up for last nights power failure. Please note the time change to 6 PM. Plus, tomorrow will be a full day training on candlestick patterns and how to apply them to market analysis, then executing the best trade potentials.

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January 19th Market Wrap-Up

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

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January 19th Daily Market Comments

The NASDAQ is formed a Doji right on the 50 day moving average/T line. The S&P 500 is forming a Doji but well below the T line. The Dow forming a Doji well well below the T line. This makes tomorrow’s open very indicative of the trend direction of the markets, the Doji rule. Any long positions should have very compelling reasons to stay long. Look for good short positions.

 

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January 18th Daily Market Comments

The T-line remains a critical factor for maintaining a fry pan bottom trajectory. The NASDAQ and the S&P 500 continue to trade positive while the Dow has consolidated right back to the T line. Stay predominately long as long as the bullish patterns remain above the T line. There are good shorts that are also remaining below the T line.

 

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January 17th Market Direction

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

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January 17th Daily Market Comments

Although the Dow was trading down 300 points, the other indexes are trading relatively flat, continuing the fry pan bottom trajectory staying above the T line, as well as the 3T line. This is making each individual stock chart analysis the top criteria.

 

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Saturday Spotlight: “Market Timing”

To Download recorded sessions;

To download, click on the link below. Once on the video page, you will click on the three-dotted vertical line at the bottom right-hand side of the video player and click on “download” to save your files.

Stock Chat – Saturday 1/14/23

At the end of the webinar, Steve announced his upcoming “Candlestick Power Pattern and Market Timing” event, which he’ll present on Saturday, January 21st.

This full-day training workshop will provide you with visual perspectives that will improve your investing for the rest of your life.

Click here for more information.

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January 13th Daily Market Comments

The fry pan bottom pattern in the indexes should be your ultimate analysis, keeping from being whipsawed on weaker opens each day. Continue the strategy of staying in long positions remaining above the T line but short positions need to be scrutinized. Any short positions that are not showing great weakness should be covered on any positive trading today.

 

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January 12th, 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 01/12/23


At the end of the webinar, Steve announced his upcoming “Market Timing” event, which he’ll present on Saturday, January 14th.
This half-day training workshop will provide you with visual perspectives that can improve your investing.

Click here for more information.

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June 12th Market Wrap-Up

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

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