Archives for March 2023

March 30th, 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.

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breakout trades identified March 30th Market Wrap-Up

Breakout trades produce profitable results when utilizing candlestick patterns. Breakout trades can be anticipated knowing what the expected result of a candlestick pattern should produce. Currently, the market indexes continue to show bullish strength, with the Dow likely to test the 50-day moving average. This may take a day or two but provides the evaluation that bullish trade breakouts will likely produce good profits over the next few days. Witnessing candlestick signals at breakout levels provides profitable insights into the strength of investor sentiment. It alters the perspective of chasing stocks versus knowing when to buy a new powerful price trend. Fortunately, the candlestick forum provides chat rooms that identify when breakout patterns will likely occur. An additional benefit of the chat rooms is expediting the learning process of the effectiveness of candlestick signals. Simple scanning techniques allow for identifying which stocks/sectors will perform the best in an identifiable market trend. Currently, the gold stocks and the artificial intelligence stocks are producing good consistent profits. This is a process of the candlestick charts putting investors’ funds in high-probability trade situations.

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

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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.

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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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