Nothing has changed, the indexes continue to trade above the T-line. The Dow is trading lower, the NASDAQ is trading higher, the S&P 500 flat. No change of investor sentiment. The top criteria is analyzing the charts on individual stocks. The J-hook pattern and the fry pan bottom pattern are producing good results. Also, numerous short positions are acting well. Have both long and short positions in the portfolio.

The bearish engulfing signal in the Dow yesterday occurred at the same level the recent tops have occurred. Short positions are working very well. Any long positions performing are coming out of J-hook patterns. The indecisive nature of the trend of the markets make having both long and short positions in the portfolio.

The bearish engulfing signal in the Dow is currently trading right on the T line. The S&P 500 gapped up on Friday in the overbought condition, a good alert for watching for profit-taking. The same is true for the NASDAQ. However this does not mean the uptrend is over. Merely the continuation of profit-taking along the way. Use the T line as your final criteria.

The Dow is trading higher but the NASDAQ is trading lower again. There is evidence of a great amount of sector rotation. Numerous stocks that were trading up above the T line are now showing weakness by trading back below the T line. This is a change of overall sentiment. Close out long positions that are not staying above the T line. Short positions are acting better.

The Dow trading higher, the NASDAQ trading lower, the S&P 500 trading flat. No major change of investor sentiment. The S&P 500 might be telling a story, showing indecisive trading at the upper resistance level. Be prepared to take profits if there is a major change in investor sentiment, sell signals in all the indexes at the same time.

Although the slow steady uptrend remains in progress, there are numerous stocks that have been in uptrends showing profit-taking today. This is what makes the T line analysis important. As long as stock trends remain above the T line, stay long, anticipating merely just profit-taking.

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The nature of the market trend remains the same, Today the NASDAQ is up, the Dow is down, the S&P 500 relatively flat. This continues to make the patterns working well, fry pan bottom’s i.e. TSLA, AVX. The scoop pattern KLIC. The electric vehicle sector continues to show steady strength. Note that many uptrending stocks consolidate back to the T line but then continue higher. Stay predominately long use the T line as your final criteria.

Do all candlestick signals and patterns work? Definitely not but the vast majority will work based upon reoccurring investor sentiment. But more importantly, the identification of bullish patterns put you in positions where the probabilities of being in a big strong price move is greatly in your failure i.e.SPCE. Use candlestick logic built into graphics. The uptrend remains in progress as illustrated with the strength in the Dow and the NASDAQ and S&P 500 continuing to trade above the T line. The bullish chart patterns continue to perform.

The trend kicker signal in the Dow has brought it well above the T-line, both indications more upside is expected. This is occurring with the NASDAQ and the S&P 500 continuing their uptrend above the T line. Obviously, the bulls are in control. The electric vehicle sector and the weeds stocks sector are acting strong. Stay long, use the T line as your trend criteria, keep safety stops in place.

The Dow is currently having trouble getting through the T-line. Not unexpected because the big up today was not a candlestick reversal signal. This usually indicates the lack of strong reversal, failing at the first resistance level. The NASDAQ and the S&P 5The Dow is currently having trouble getting through the T line. Not unexpected because the big up today was not a candlestick reversal signal. This usually indicates the lack of strong reversal, failing at the first resistance level. The NASDAQ and the S&P 500 continue to trade above the T line. The overall market trend analysis remains the same, a slow up trending market making individual stock charts the main criteria. Stay predominately long in trades that remain above the T-line.