How do you identify the strong sectors? Candlestick charts make identifying the strong sectors relatively easy. You do not have to depend on analysts/gurus to tell you what the next up-and-coming strong sector will be. When the media starts promoting a sector, the candlestick charts will reveal whether bullish or very sentiment is confirming. The artificial intelligence stocks had strong pattern setups while the sector was being dismissed and promoted in the media. Most importantly, it was being brought to everybody’s attention. As a candlestick investor, it could be easily analyzed whether bearish or bullish analysis was in control. Will artificial intelligence stocks be a strong sector mode for a while? That’s where candlestick charts reveal when the bullish sentiment is starting to dissipate. This could be due to new companies entering the industry and more competition. Learning when to buy a hot strong sector and when to sell a strong sector allows candlestick investors to make big profits and then move on to something else. Join us on June 3 for a candlestick many spotlight training on the indicators and techniques that constantly put your trade setups in your favor. Click here for more information.
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Good Investing,
Stephen Bigalow
May 31st Daily Market Comments
The market whipsaw is still influenced by the debt ceiling lack of negotiations. This makes the T line more relevant for both long positions as well and short positions.