Archives for March 2023

March 28th Daily Market Comments

Be careful. There is not a lot of bullish strength being revealed in the Dow, even though it is trading positive. The NASDAQ is trading lower and the S&P 500 is showing indecisive trading at the down trending channel. Any bullish positions should be showing good compelling uptrends. Be prepared to add to short positions or maintain cash positions.

 

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March 27th Market Direction

The best candlestick breakout patterns are easily identified. The best candlestick breakout patterns reveal the strongest price moves even when the overall market conditions are relatively lethargic. Although the NASDAQ is in a slow uptrend, candlestick breakout patterns provide investors with an opportunity to participate in the strongest profit moves. The market indexes continue to reveal a lack of sentiment either bullish or bearish. There is still a lot of hesitation about interest rates, Russia/China collusion, the bank crisis, etc. The lack of a strong indication of bullish sentiment while the indexes still are maintaining a steady downtrend, not able to get back up above the downtrending resistance level, creates conditions that any negative news can send the market down again. Take advantage of the information built into candlestick analysis. The candlestick breakout patterns produce extra probabilities that a price move not only is going to move in a specific direction but move with great magnitude.

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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March 27th Daily Market Comments

Today’s positive trading makes the market indexes still in a indecisive trading mode. The NASDAQ remains in a slight uptrend but with indecisive/Doji trading days. Remain cautious, any bullish positioning should have strong compelling charts. Otherwise, be more attentive for the downtrending motion of the Dow and S&P 500.

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Weekly Watch List March 27th- March 31st, 2023

The ultimate candlestick pattern is easily visually identified. The ultimate candlestick pattern is one that works with an extremely high degree of probability time after time. The Japanese rice traders identified these patterns through 400 years of observations. The J-hook pattern is one of the most powerful patterns. It also becomes an ultimate candlestick pattern based upon adding additional technical levels that everybody else watches. Witnessing a J-hook pattern supporting at or breaking through a technical level, such as a major moving average, the 50-day moving average or the 200-day moving average, greatly increases the expectation the pattern is illustrating where investor sentiment was turning bullish. With the market indexes demonstrating a relatively indecisive nature, having both long and short positions in the trading portfolio is prudent, and having the ability to identify the strongest/most powerful candlestick patterns gives the candlestick investor a huge advantage. There will be plenty of bullish stock positions identified in an uptrending market. But the candlestick investor has the advantage of identifying which bullish stock price moves will have the strongest profitable potential.

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March 24th Market Wrap-Up

Did you know what the interest rate results would be from the Fed announcement? Did you know what the interest rate results were going to do to the market? How would we know? But the markets tell you what investor sentiment felt about the interest rates results followed by the Fed comments. The major advantage of candlestick charts reveal exactly what investor sentiment is doing based upon external events. Although the Dow traded positive most of the day, the true investor sentiment was illustrated when the indexes started trading back below the opens. This information produces strong evidence that the downtrend is likely to remain in progress. At best, the markets may be moving sideways. But in either case, having both long and short positions in the portfolio is aviable strate remember, you can listen to dozens of talking heads on the financial news stations, but there is only one true analytical factor. That is the market itself. That is exactly what candlestick analysis produces. Exactly what is occurring in investor sentiment. Join us Saturday, March 25 for a full day training on how to utilize the correct option strategies for the appropriate candlestick signals and patterns. You will gain insights that provide a much more confident trading strategy, greatly reducing the guesswork on establishing trades. Click here to register.

Good Investing,

Stephen Bigalow

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March 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 right-click on the video player and click on “save video as” to save to your files.

Thursday, March 23rd, 2023 Members Stock Chat.

Steve shared information about his upcoming Power Option Trades for Market Trends” event, which he’ll present on Saturday, March 25th.

This full-day training workshop will provide much more accurate option trade decisions. Click here to register.

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March 22nd Daily Market Comments

Obviously the markets are not going to have any great movement prior to the Fed meeting. The artificial intelligence sector is getting attention, NVDA. Gold stocks are not showing any decisive selling on the current little pullback. Watch for the a knee-jerk reaction once interest rate changes are announced’

 

 

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March 21st Daily Market Comments

The positive trading in the Dow confirmed a stick sandwich signal and is trading back up above the T line. The NASDAQ is gapped up indicating the T line/support level continues to provide bullish indications. Numerous short positions should have been closed on positive trading today.

 

 

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March 20th Market Direction

Stock market fears such as the bank crisis, interest rate concerns, or Russia/China aggression can produce good profits. Stock market fears will be reflected in sectors that act as a hedge, gold stocks, bitcoin stocks. The graphics of candlestick analysis make it very easy for investors to identify which sectors will act bullish during stock market fear situations. The instant identification of where money is moving to and from allows the candlestick investor to apply high probability/high profit option trade strategies. A major advantage of candlestick charts is identifying what investor sentiment is actually doing, not conjecture, not speculation, but what investor sentiment is indicating right now. Join us Saturday, March 25 for a full day training on how to take advantage of this information with the appropriate option strategies. Click here to register. Each candlestick formation reveals what the expected results will be of a price move. This makes assessing the appropriate option strategies that will help maximize profitability while at the same time mitigating risk. You will gain some insights that allow you to move much more quickly into profitable trades.

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 Watch List March 20th- March 24th, 2023

Bank crisis profits are big when utilizing candlestick signals and patterns. Bank crisis profits illustrate the probability factor of candlestick charts. Recognizing when a stock/sector is starting to roll over based upon bearish candlestick chart patterns, such as a bearish dumpling top/very slow curve chart setup, allows the candlestick investor to identify where to be in a profitable short trade at the correct time. Do all candlestick chart patterns produce huge profits? Not, but they put you in the correct trades at the correct time giving candlestick investors a much bigger probability of being in substantial profit trades. How long will the selling occur in the banking sector? Candlestick charts, especially utilizing the 10-minute chart in many of the banking stocks that have sold off hard, provide a much more clear evaluation of what the price moves are continuing to do after being slammed into the oversold area. The information built into candlestick charts provides a much more accurate read of what is occurring in investor sentiment on any time frame. The banking crisis, in addition to interest rate concerns, produce a market environment where the bears are likely to still be in control. The T line confirms the market trend. The downtrend has been producing strong bearish trade profits. Join us Saturday, March 25 for a full day training on simple but logical option trade strategies applied to the appropriate candlestick signals and patterns. This information dramatically reduces the guesswork when applying option trades during price moves.

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