Applying the candlestick logic to market trend analysis allows candlestick investors to have the appropriate positioning in their portfolio/trading. This is true for trading stocks, currencies, commodities, any trading entity that involves fear and greed, which is everything. Join us this Saturday, April 24 for a mini spotlight training on the logic incorporated into candlestick analysis that constantly puts the probabilities in your favor. Click here for more information.
Sector rotation is still the predominant factor in this current market uptrend. Note that the Dow, when it consolidates, still has not been able to close back below the T line. The NASDAQ, however, after a dragonfly Doji/hanging man signal on Friday gapped down today indicating a much stronger selling pressure. This would indicate Dow related stocks will maintain uptrends while the NASDAQ related stocks might show some more profit-taking/selling. The analysis of individual trades is greatly enhanced by knowing the overall market nature. You dramatically improve the probabilities of being in the correct trade direction when using candlestick signals to evaluate which stock/sectors have the greatest upside or downside potential.
Chat session tonight at 8 PM ET.
Good investing,
The Candlestick Forum team
