Archives for February 2023

February 28th Daily Market Comments

The 200 day moving average continues to act as the logical target for the Dow. The NASDAQ and the S&P 500 not showing any great selling pressure but indicating the slow downtrend remains in progress. Stay predominately short.

 

 

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February 27th Market Direction

Option trade setups are sipmle to be identified when accurately analyzing the market trend with candlestick analysis. Option trade setups utilize the high profit/high probability candlestick very signals and patterns. The same simple logic applied to the analysis of a candlestick chart can then be applied to the appropriate option strategy. The current market direction is bearish, as illustrated by the indexes continuing to trade below the T line. Although the markets traded bullish on the open today, the candlestick investor has the ability/patience to wait to see what the markets will do by the end of the day. The assumption remains that the downtrend is still in progress until you see a bullish reversal signal and a close above the T line. The strong candlestick sell signals, such as bearish best friend signals and bearish kicker signals, provide high-probability trades as well as high-profit trades. The logic is simple! If the market is in a downtrend and strong bearish signals and patterns can be identified, the probabilities are significantly in our favor that the bearish trades will work with a high degree of probability. Join us this Saturday, March 4, for a Mini spotlight training on utilizing the appropriate option trade strategies at the appropriate times of a bearish downtrend. You will gain some valuable insights into the basic logic of candlestick analysis.

 

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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Weekly Watchlist February 27th – March 3rd, 2023

Option trading strategies can significantly enhance profitability when accurately assessing the market trend. Option trading strategies can dramatically improve the profitability of an individual stock price move when working in conjunction with the overall market trend. Currently, the downtrend of the market is based upon the realization that inflation is still going to be investors’ primary concern. Although current earnings in individual stocks are proving to be positive, the future outlook of earning prospects is being diminished going into the future; inflation is a critical factor. Analyzing the candlestick charts provides a much more precise assessment of the market conditions based on strong candlestick sell signals and patterns and the condition of stochastics. Strong sell signals in individual stocks, especially in the high-tech area, have allowed option trading strategies to perform strong profitability. Until there are changes in Fed policy and administration policies, the markets are likely to continue in a downward trajectory. This is not a genius analysis! This is merely identifying what the market conditions are producing based on current economic conditions. Lower opens in the indexes on Monday will reveal significant support levels not going to act as support. Join us Saturday, March 4, for a Candlestick Forum mini spotlight training on the appropriate bearish option strategies in a downward market direction. You will gain more insights that will dramatically improve your trading abilities

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February 24th Daily Market Comments

The Doji rule is applied to the market trend analysis. Today’s lower open further confirms the breakthrough of the wedge formation in the Dow has the prospects of a very strong downtrend continuing. The NASDAQ and the S&P 500 gapped down below the support levels. Stay prominently short.

 

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February 23rd, 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 02/23/23

At the end of the webinar, Steve announced his upcomingThe Bear Market Option Strategies” event, which he’ll present on Saturday, March 4th.


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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February 23rd Market Wrap-up

Market trend analysis is greatly simplified using candlestick signals. The market trend analysis can be refined for short-term trading as well as long-term investment holds. Although the Dow formed a hammered/Doji today, it still trades below the T line. However, the distance between the trading and the T line creates the probabilities that positive trading tomorrow is likely to bring the Dow back up to test the T line, a bounce. The NASDAQ and S&P 500 did a hammer/Doji’s off the major support levels but not quite yet in the oversold area. This puts the Doji rule into effect. The markets are likely to trade in the direction of how they open after today’s Doji’s/hammers. Positive trading would imply a bounce back up to the T line. A lower open would indicate the downtrend was still in progress based upon the Dow reaching the lower support level of the wedge formation and the NASDAQ and S&P 500 forming bearish flutter kicker signals, strong sell signals. Knowing how to use the information built into individual candlestick signals allow traders to get in and out of positions at the most appropriate times.SHOP illustrates the possibility of support at the 50-day moving average. But the Doji rule will indicate how it will trade based upon how it opens tomorrow. This type of candlestick analysis allows a trader to maximize their profitability. Learn the logic built into candlestick analysis.

 

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

Good Investing,

Stephen Bigalow

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February 21st Market Direction

Option strategies with candlestick analysis dramatically simplify the analytical process. Options strategies, like candlestick analysis, allow for the appropriate trading strategy without having to do an extensive amount of calculation every evening. The candlestick forum will provide option strategy training over the next few weeks. The strong candlestick signals and patterns allow investors to take advantage of the most decisive price moves during a market trend. As illustrated by the wedge formation, the Dow has breached the lower support level of the wedge pattern, implying a strong downtrend will likely proceed. This evidence of weakness was enhanced by witnessing strong sell signals and trading below the T line in the NASDAQ and S&P 500. The markets have a sense of forecasting problems in the overall world events. A Russian/China collaboration is causing worries in the investment area, and the prospects of the world economies slowing down. Fortunately, you do not have to be an in-depth analyst of what might occur worldwide. The candlestick charts reveal what everybody else’s analysis is producing regarding buying and selling decisions.

 

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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February 21st Daily Market Comments

Market trend analysis remains very simple when utilizing the probabilities of the T line. Having confidence in this indicator, the T line, allows you to make the appropriate positioning of your portfolio with much more aggressiveness. Stay predominately short.

 

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February 17th Daily Market Comments

Although the Dow is doing a short-term bounce, the NASDAQ and the S&P 500 are not following suit. Anticipate more weakness in this market, making short positions a better strategy. Any long positions require continued bullish confirmation by staying above the T line.

 

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February 16th, 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 02/16/23


At the end of the webinar, Steve announced his upcoming “Accurate Daytrade Result with Candlestick Analysis” event, which he’ll present on Saturday, February 18th.

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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