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

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Good Investing,

Stephen Bigalow

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.

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Stephen Bigalow

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.

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Good Investing,

Stephen Bigalow

The market indexes are showing some divergence. The Dow may be forming a sideways wedge formation while the NASDAQ and the S&P 500 have formed bobble breakouts, a high probability J-hook pattern setup. This implies is likely to be more upside. This indicates some sectors will act very bullish while others are performing bearish. These market conditions make for having both long and short positions in the portfolio. The strong signals such as the kicker signal and best friend signals are producing powerful price moves. Tonight we will demonstrate how the J-hook patterns have high probability trades and high profit trades.

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Good Investing,

Stephen Bigalow

The market trend remains in an indecisive mode. Although the indexes traded higher today, the Dow failed when it hit the 50-day moving average. The NASDAQ and the S&P 500 formed Doji days but above the T line. The market’s direction will be much better analyzed based on the Doji rule. Positive trading tomorrow means the uptrend is likely progressing, whereas a lower open in the indexes would illustrate a sideways nondirectional market. This will make the premarket futures a good indicator tomorrow. Until the market trend can be established one way or the other, having both long and short positions in the portfolio remains a good strategy.

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Good Investing,

Stephen Bigalow

Candlestick charts provide immense information about price movement that no other charting technique offers. It cuts through the rhetoric of the so-called experts as far as what the market trend or an individual stock trend is likely to do. It is not conjecture! It is the actual buying and selling decisions of investors. NVDA would be the big market mover, with solid revenue and strong earnings. But the bearish belt hold signals it produced today told you the true decision process of investors. The Candlestick Frum teaches investors what to identify as robust, bullish, or bearish signals and what price movement expectations occur because of those signals. For example, MRVL beat earnings by a penny. But in market conditions where the bearish sentiment is in control, the charts will react differently than if a stock beats earnings by a penny during an uptrending market. This is why understanding what is occurring in investor sentiment is much more critical than Anticipating what the fundamentals are doing. Join us for a two-week free trial to understand the common sense logic of candlestick charts.

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Good Investing,

Stephen Bigalow

The NASDAQ and the S&P 500 had a bullish day, but the last criteria still have to confirm a bullish trend, a close above the T-line. The summer doldrums remain in progress until there is a consensus of the indexes all closing above the T -line the same time or of showing continue-to-sell signals below the T-line. These market conditions do not warrant aggressive trading unless the candlestick signals and patterns show a strong indication. This puts the emphasis on analyzing each individual stock chart on its own merits. Simple scanning techniques allow the candlestick investor to pinpoint which stock positions have very strong bullish or bearish chart patterns. The number of trade opportunities may be greatly diminished in these type of market conditions, but the simple scans will identify the few strong trade setups.

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Good Investing,

Stephen Bigalow

Is this a market pullback or a full-scale trend reversal? It does not matter. Using the information on a candlestick chart reveals what is going on in investor sentiment. The first candlestick sell signal and a closed below the T-line dramatically improve the probabilities the bears are in control. If you acknowledge this, you take out your emotional decision-making, hoping your bullish trades are going to continue higher. There are approximately seven different indicators that reveal whether the bulls or the bears are in control. These are all visual and take approximately 45 seconds to confirm. Currently the downtrend in the market indexes have been confirmed with the fact that they continue to trade below the T-line. The talking heads on the financial news stations can give their opinions as to what the market is likely to do. However, the candlestick charts reveal what the markets are actually doing. You can take the guesswork out of your trading analysis by recognizing what the charts are revealing as far as bullish or bearish sentiment.

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

Good Investing,

Stephen Bigalow

Although the retail earnings are coming out this week, the overriding influence is the summer doldrums. The revenues related to Walmart and Target may offset each other. This should not produce any excellent market movement when the summer doldrums of the relevant factors. However, this does not preclude having simple candlestick scanning techniques that identify powerful bullish and bearish solid charts. The force of human nature, illustrated in candlestick charts, overrides a lethargic market trend. The Candlestick Forum constantly teaches how to identify the most substantial price movement potentials. When the markets move sideways/drifting, the candlestick investor still has a good supply of strong trade setups.

Members Chat session tonight at 7pm central. Free to Members. Not a member? Click here to join

Good Investing,

Stephen Bigalow

The CPI results are much more clearly illustrated when using candlestick charting. Investor sentiment is confirmed by using the T-line. As described in today’s trading, the indexes show powerful bullish results after announcing the CPI numbers. However, although the indexes finished up slightly positive, they closed below where they opened and below the T line. This revealed that bullish sentiment had not taken over. Trading strategies are straightforward: if the overall market downtrend is in progress, take advantage of the solid bearish power moves, the bearish best friends, and the bearish kicker signals.

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

Good Investing,

Stephen Bigalow