February 1st Daily Market Comments

The hard selling on Tuesday is still having a residue of fact on investor sentiment, taking the assumed and consistent bullish sentiment out of the market trend. However, as demonstrated in yesterday’s and today’s trading, that although the buying has been stymied, there is no great selling pressure. This is apparent with the NASDAQ currently trading positive, the S&P 500 trading relatively flat, and the Dow down slightly.

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January 31st Daily Market Comments

The regret Today is merely the fact that some positions were closed out but now trading positive today. There are two important facts to remember. First, the stops should have been placed at price levels that a bullish price trend should not be moving back down through. For the circumstances, that was the correct thing to do. Secondly, with those funds freed up in the account, an investor has a much better analytical strategy available.

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January 30th Daily Market Comments

Why the selloff Today? You never know when or what is going to change investor sentiment. That is why it is always prudent to have safety stop’s at levels that tell you prices should not be moving back down through. If you’re trying to figure out what to do with lower trading positions, take one step back and ask, “what does this chart tell me?” If it is not a good bullish chart, close it out. First, that puts money back into your account as cash so that you have a much better perspective as to what to be doing next. This is why we recommend Trend Analysis.

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January 29th Daily Market Comments

Today’s lower trading does not indicate Any major change of investor sentiment, the trend is still above the 3 T-line, let alone the T-line. Until there is a confirmed sell signal, the selling days add strength to the uptrend. As long as profit-taking continues as the trend moves higher, exuberance is not participating. Continue to stay long utilizing the simple candlestick trend indicators. The T-line remains a valuable trend tool when a trend has both bullish and bearish days. The nature of the market remains the same, the strong sectors remain strong, the weak sectors remain weak. This is much more obvious when utilizing the candlesti

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January 26th Daily Market Comments

The weakness illustrated in the NASDAQ and S&P 500 over the past couple of trading days still demonstrated an uptrending factor, they could not close below the 3T-line let alone the T-line. Today’s positive trading in those indexes are currently negating any of the indecisiveness over the past few trading days. The Dow continues its steady uptrend. The prognosis remains the same, as long as the indexes continue to trade above the T-line, the uptrend is in progress. Healthy profit-taking along the way solidifies the uptrend by indicating the lack of exuberance in this market.

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January 25th Daily Market Comments

Candlestick charts provide an immense amount of information over and above any other charting technique. The color of the candles become a much more clear indication of what is occurring in investor sentiment. This is illustrated in today’s trading, the indexes opening very positive but now pulling back. The transportation index is selling off hard. A simple trend analysis technique is witnessing a major index or two trading lower while another index or two are trading higher. This equates to rotation in the market indexes versus a major change of investor sentiment. This is why we recommend Trend Analysis.

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January 24th Daily Market Comments

The nature of the trend has not changed. The Dow is up strong, the NASDAQ is lower, indicating no change of investor sentiment, merely rotations from sector to sector. And/or profit-taking, which is good during an uptrend. This keeps the exuberance out of the trend, making the trend more solid. Use the T-line as your ultimate trend reversal indication.

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January 23rd Daily Market Comments

These are market conditions where candlestick charts reveal where the strong price moves are occurring. The NASDAQ is up, the transportation index is down, the Dow is flat. There is no change of investor sentiment. The trend continues and it is a healthy trend in the sense that there is no exuberance. This type of trend allows candlestick charts to perform as expected and with a much higher degree of probability that they will be profitable. This makes portfolio/trade management very simple.

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January 22nd Daily Market Comments

A government shutdown affecting the market trend? Apparently not. Reality suggests a shutdown of the non-essential functions of our government will illustrate how nonessential a majority of the government really is. Or the less government can stick their fingers in the American economy, the better off the economy is. Whatever the analysis, the market is currently indicating no change of investor sentiment, the uptrend remains in progress. This is why we recommend Trend Analysis.

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January 19th Daily Market Comments

Will there be a government shutdown? The markets don’t seem to care one way or the other. The Dow trading slightly lower and the NASDAQ trading higher. There is no change of investor sentiment. The uptrend remains in progress with all the indexes trading above the T-line.

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