January 22nd Daily Market Comments

Be aware of the selling starting to come into the markets. Although the small-cap stocks continue to trade strong, the big trading stocks are not showing any consistent strength. Oil stocks are obviously getting sold due to the new administration’s apparent adversity to fossil fuels and more favorable to green energy. The general market indexes remain indecisive. The transportation index is selling off decisively. Keep safety stops in place.

 

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January 21st Daily Market Comments

The nature of the market remains the same! A slow steady uptrend allowing strong sectors to continue to perform well. There is nothing major as far as strategy changes, continue to hold long positions that trade above the T line. The next few weeks should reveal what new administration policies will do to investor sentiment on specific sectors. Use a candlestick scans to reveal bullish or bearish sentiment in each sector. Currently, stay predominately long until there is a major change of investor sentiment.

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January 20th Daily Market Comments

Inauguration day! Although the markets are trading positive Today, there continues to be a lot of funds shifting from sector to sector. Electric vehicles stocks are trading lower, opposite of what would be anticipated with a Democrat government. These market conditions still warrant having close stops and using the T-line as the ultimate trend factor.

 

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January 19th Daily Market Comments

Be careful, although the markets are trading higher, they are trading indecisively higher. The Dow is currently doing a Doji, the NASDAQ is trading below where it opened. This does not show bullish strength. This also is occurring after the indexes closed below the T-line on Friday. However, the markets remain very sector specific. Electric vehicles and biotech’s continue to show strength. Be careful of the overall market direction, adding another short position or two would be viable.

 

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January 14th Daily Market Comments

The uptrend remains in progress as long as the indexes continue to trade above the T-line. The strong price moves remain in progress in individual stocks and sectors i.e. SUNW, LAC. Exuberance has not been experienced in most uptrending stocks, a lot of backing and filling/profit-taking in the uptrends. This still makes the T line analysis a vital part of maintaining up trending positions. Stay predominately long, especially in the current strong sectors. Oil stocks are showing good strength today.

 

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January 13th Daily Market Comments

Although the market indexes are not showing any decisive movement Today, the major indexes continue to trade above the T line, not indicating any selling pressure. This is allowing the fry pan bottom patterns to work effectively, creating breakouts, i.e. NNDM, and the J-hook patterns continuing to perform as expected. Continue to stay predominately long with the T line being the major trend indicator. The big profits are coming from the strong sectors that continue to perform well when the markets are not showing any major change of investor sentiment.

 

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January 12th Daily Market Comments

The nature of the market remains the same, the slow uptrend remains in progress with the indexes staying above the T-line, but still in a very indecisive nature. However, without any evidence of bearish pressure, the strong sectors remain strong. The electric vehicle stocks are showing good strength i.e. XPEV up 14% bouncing up off the 50 day moving average,

 

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January 11th Daily Market Comments

An assumption, the electric vehicle industry is not only here to stay but likely has a huge market potential over the next few years. This makes simple candlestick scanning techniques valuable to the short-term trader as well as a long term investor. The electric vehicle industry is growing rapidly. Why? Two important elements! First, the general public favors electric vehicles that do not create pollution. This is the most powerful aspect of the popularity of electric vehicles. Secondly, technology! The technology  advances in the power generation/batteries of electric vehicles are advancing exponentially. Simple candlestick scans will continue to illustrate which companies in this sector is producing the best technology. There will be many short-term, as well as long-term recommendations in this area.

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January 7th Daily Market Comments

Pictures of the riots in the capital all over media, but that is not what affects investor sentiment. As illustrated, the bull trend remains in progress. The markets provide a good indication of which sectors should act the best going into the first quarter of the new year. The lithium battery sector is working extremely well. There are still good plays in the biotech area, vaccine related. Breakouts are revealing where investor sentiment is concentrating, NCTY bought three days ago at $6.80 is currently trading at $24.44. Does this mean every breakout pattern is going to work? Definitely not, but the candlestick charts indicate where the high probability/high profit trades are likely to occur. Stay predominately long in the strong sectors.

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January 6th Daily Market Comments

Why the rally? Maybe a Democrat-controlled government will have greater stimulus spending. Whatever the reason, the bulls continue to control the market. The specific sectors, green energy, electric vehicles, are acting well.

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