Archives for September 2023

September 12th Daily Market Comments

The market indexes continue in their sideways/wedge mode, making both long and short positions continue to perform. The retail sector continues to trade lower. Oil prices continue to move up.

 

 

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September 11th Market Direction

Tesla provided a very strong bullish signal today, the bobble breakout. This makes Tesla a strong, bullish candidate for more upside. However, it also may have skewed the NASDAQ, demonstrating good strength well many of the underlying stocks in that index may not have been a strong. Currently, the markets are in a sideways wedge. This indecisive sideways trading likely reflects the indecision going into the CPI and PPI numbers. Also the retail sector report will be out at the end of this week. As illustrated in numerous retail stocks, they are in a downtrend. These market conditions allow for identifying good strong bullish trades and good bearish solid trades. Mark your calendars! September 23 will be a full day of training on utilizing strong entry points that allow for the improved probabilities of a price move confirming. This works both for bullish and bearish trade setups. Click here for more information

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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September 11th Daily Market Comments

Although the indexes opened positive, the T line continues to act as a resistance level in the indexes are currently trading below where they opened. Stay predominantly short.

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September 8th Daily Market Comments

Today’s early positive trading has bounced the indexes back up to the T line but the T line appears to be acting as a resistance level. Stay predominantly short.

 

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September 7th 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, September 7th, 2023 Members Stock Chat.

At the end of the webinar, Steve announced his upcoming Daytrade Setups with Candlestick Breakout Patterns event, which he’ll present on Saturday, September 9th.

The Candlestick Forum training provides expected results with an extremely high degree of probability

Click here for more information.

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September 7th Market Wrap-Up

Candlestick reversal signals at obvious resistance levels produced a strong indication the bullish sentiment had reversed. Currently, the Dow, NASDAQ and S&P 500 are all trading below the T line. The Dow and S&P 500 are in a wedge formation, indicating the lack of any major direction. The NASDAQ, trading below the T line produces a strong probability that a down-trending trend channel is in progress. The downtrend in the markets make shorting stocks or sitting in cash the high probability trading strategy. However, there are still bullish chart patterns producing profits. Utilize the T line as your last criterion. The strength of the crude oil stocks was based upon the strength in crude oil over the past few weeks. However, crude oil produced a bearish Harami today, indicating the buying had stopped. Numerous crude oil stock charts have now shown sell signals, making this a good place to take profits. The retail sector is showing numerous bearish J-hook patterns. Go with the flow, utilize the bearish J-hook patterns to anticipate wave three to the downside.

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

 

Good Investing,

Stephen Bigalow

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September 7th Daily Market Comments

The downward bias is evident with the indexes continuing to trade below the T line. The gap down in the NASDAQ and the S&P 500 reveal strong selling pressure. Any long positions need to remain above the T line.

 

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September 6th Daily Market Comments

The Dow and the transportation index clearly failed at the 50 day moving average. The NASDAQ, after a bearish left/right combo is now formed a bearish Doji sandwich back to the 50 moving average. The S&P 500 has traded down through the 50 day moving average and the T line. Any long positions should be closed if they are showing sell signals.

 

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September 5th Market Direction

The markets remain in a consolidation mode, as revealed with the Dow selling off, but the NASDAQ and the S&P 500 continue to show bullish strength. This produces market conditions that allow the candlestick investor to identify specific sectors acting bullish or bearish. The oil stocks are serving strong, and crude oil continues to trade positively into the mid-80s. Additional confirmation is the fact that numerous oil stock charts are producing the same pattern, the J-hook pattern. On the other spectrum, the bearish J-hook patterns appear in the retail stocks. This allows candlestick investors to take advantage of long and short positions during market consolidation. Analyzing each chart dramatically improves the probability of being in the right positions/trends at the right time. The one basic premise of candlestick analysis is that it is the graphic depiction of what occurs in human nature time after time. Learning the 12 major signals will greatly improve your probability of being in a profitable trade.

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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August 31st 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, August 31st, 2023 Members Stock Chat.

As we celebrate Labor Day enjoying family, friends, food, and football, most of us pause to honor and recognize the American labor movement.

I would like to offer you a little “token of my esteem”, in the form of Labor Day Sale.

As of Today, please feel free to invest in any of my Candlestick Forum digital products at a 50% Labor Day Discount, right now. Offer valid until Monday at midnight.

Download any digital Candlestick Forum product at half off here!

To get your discount, you’ll need to insert a coupon code in the checkout form. That code is “BIG50” (without quotes).

Again, thank you for your interest in Candlestick Forum, and may you and your loved ones have a wonderful Labor Day weekend!

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