The market indexes formed bullish reversal signals on Thursday and were confirmed on Friday. The bullish Harami on Thursday indicated the selling has stopped. Today the market showed consolidation. The uptrend will still be in progress on positive trading tomorrow. This new uptrend has produced some very powerful bullish signals, the bullish kicker signal, and the bullish flutter kicker signal. These signals show a dramatic change of investor sentiment in individual stock prices, implying much more upside potential. As long as the market indexes are now trading above the T-line, strong candlestick signals and breakout patterns will produce some good profitability.

GEVO was recommended today based upon the kicker signal of Friday. There was a large number of bullish Harami due to the market reversal on Friday. There were also numerous J-hook pattern breakouts, producing high probability trade results. When you take advantage of the information built into candlestick signals and patterns, you dramatically improve your probabilities of not only being in a bullish trade but being in a strongly bullish trade.

Chat session tonight at 8 PM ET.

Good investing,

The Candlestick Forum team

The market indexes are still revealing strong sector specific trading. Numerous short positions continue to work well. A good number of long positions are showing strong bullish candlestick patterns. The fry pan bottom pattern has been producing some good profitability. The fry pan bottom pattern produces multiple benefits. First, it produces an extremely high probability of the price direction and secondly, the magnitude of the move is usually excessively strong. Additionally, the pattern will continue to produce profitability even when the overall market conditions may have turned in the opposite direction.

VTRS, ET, and IGT are producing strong fry pan bottom breakout situations. This puts the probabilities in your favor of having not only a positive trade, but a strong positive trade. Short positions continue to work, SPCE, RIOT, MARA, AMTX, plus a good number of other short positions. When the markets are not showing consistency as witnessed in the different directions the indexes have been moving, the Dow in one direction while the NASDAQ has been moving in another direction, profits can be made by having both long and short positions in the portfolio.
Take advantage of the information built into the candlestick forum flashcards. This allows you to identify and learn the strong profit signals and patterns quickly.
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Good investing,

The Candlestick Forum team

Today’s shooting star signal in the Dow and transportation index illustrates the bears starting to take control. A lower open in the Dow tomorrow would confirm the trend has reversed. This does not necessarily mean a full-scale reversal, but the prospects of profit-taking back to the T line. Add the fact that the NASDAQ is still in a strong downtrend and the S&P 500 sold off hard today makes the trading strategy-oriented more toward the short side.

Remember the common sense logic of the Japanese rice traders. Where do most people buy? Exuberantly at the top! This was indicated in the gap up shooting star/Doji’s in our recommendations of NUE and HZO. The gap up in the overbought area, away from the T line, was the alert for starting to take profits. Candlestick analysis provides common sense trading strategies. The probabilities are dramatically in your favor when you know what alerts to look for when taking profits. Short positions can be added to the portfolio upon weakness in the market indexes tomorrow.

Chat session tonight at 8 PM ET.

Good investing,

The Candlestick Forum team

The Dow continues to trade higher, the NASDAQ is trading lower. This allows for simple candlestick scanning techniques to identify the strongest bullish charts as well as the strongest bearish charts. This allows for profiting in both long and short positions at the same time. The market is very sector-specific. The steel stocks, oil refining stocks, and mining stocks are producing good bullish trades. The high-tech/computer-related stocks have produced good short positions. The major advantage of candlestick analysis is being able to quickly identify which stock/sectors are moving in a specific direction. Currently, the NASDAQ has sold off to the first obvious support level, the 50 days moving average. This alerts the candlestick investor to watch more diligently to see if any buying starts coming in the short positions. Logically, buy signals would warrant taking profits in short positions and getting ready for bullish reversals.

Big profits can be made on bullish breakouts. When there is not any bearish sentiment in specific sectors of the market, any good news will stimulate stronger buying because of the lack of selling fears. This was illustrated in numerous stocks today,AVID, BCRX, HL that get exaggerated price moves because there is no bearish sentiment fears. Take advantage of the candlestick signal breakouts during these market conditions. Many strong price moves are identified early in the Candlestick Forum chat room. This provides a valuable source of getting into strong trades early when many eyes are looking for the same pattern breakouts following candlestick signals.

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Good investing,

The Candlestick Forum team

These market conditions are making having both long and short positions in the portfolio very profitable. The Dow is trading higher today while the NASDAQ was doing a bearish Doji sandwich, closing below the T line. Simple candlestick scans allow investors to find both excellent bullish positions and excellent bearish positions. The oil refining sector showed great strength today. Numerous stocks in that sector formed double Doji set up confirmation. Knowing that a sector is being bought across-the-board, candlestick investors have the advantage of identifying which stocks in that sector are showing the strongest bullish signals. That same analysis can be applied to the gold and silver sector. Gold and silver prices gapped up today. This has produced many strong signals in that sector. Utilize the strongest of those signals to establish trades. Having a set of our flashcards next to your screen makes identifying and learning candlestick signals and patterns much more easy and quickly.

Chat session tonight at 8 PM ET.

Good investing,

The Candlestick Forum team

What creates the ultimate entry strategies for a trade? Knowing what the results should be after a candlestick signal or pattern. The J-hook patterns are currently producing very big profits in these market conditions. Candlestick pattern results provide two huge advantages! First, it is easy to identify the high probability direction. Second, the magnitude of the price move is usually excessive. Because human nature reacts the same way time after time, candlestick patterns show when investor sentiment is going to produce a high profit trade. Join us in our chat rooms. Fortunately, there are numerous candlestick traders that help identify the setups for a big trade potential. Every time a candlestick signal/pattern confirms, the probabilities of being in a profitable trade is extremely high.

The markets are in a sideways/slow upward mode. The uptrend remains in progress as long as the indexes continue to trade above the T line. However, this does not necessarily mean the market uptrend is going to be strong enough to rise all boats. Simple candlestick scanning techniques allow investors to have a constant supply of strong trade potentials.

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Good investing,

The Candlestick Forum team

With the NASDAQ forming a J-hook pattern and the other major indexes not selling off, this market condition provides for the opportunity of candlestick pattern breakouts to produce big profits. Currently, the scoop pattern is producing big profit potential. This is been seen in our recommendation on OCGN last week and HZO this week. Frypan bottom patterns are working excessively well and the McMuffin pattern is producing high probability profit trades. The benefit of candlestick patterns is not only being able to identify the direction of a price move but also participating in a price move that is usually going to be much more excessive than merely an uptrending stock price during a slow up-trending market.

Chat session tonight at 8 PM ET.

Good investing,

The Candlestick Forum team

Candlestick signals and patterns produce big price move opportunities, even when the overall market direction is not correlating. The scoop pattern, as identified in our recommendation of OCGN, was based upon the expected results coming from a scoop pattern. This usually indicates a strong price moves/slingshot effect. Rhetorical question, doesn’t necessarily occur in one day? Definitely not, but a major advantage of candlestick analysis is being in situations where the probabilities of being in a big price move are constantly in the investor’s favor. The simple logic built into the candlestick signals produces a trading strategy that keeps investors in a high probability trading program. The probabilities of being in a are merely logical trading perspectives. Candlestick analysis is merely the graphic depiction of investor sentiment. Join us this Saturday, April 24, for basic training on candlestick logic. This information will provide a completely new investment perspective. You gain valuable insights from the graphics of candlestick charts, the results of the most consistent trend indicator – human nature. Click here for more info.

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

Good investing,

The Candlestick Forum team

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