What are the best stocks for 2023? You do not have to be an analyst to try to figure that out. The best stocks for 2023 are being fully researched by every money manager around the world. They are all using the holidays to assess what their strengths and weaknesses were in 2022. They are also analyzing where they want to move funds for 2023. This is usually indicated on the first couple of trading days going into a new year. Candlestick charts immediately reveal the best stocks for 2023 by identifying where big money is placing their trades. The Candlestick Forum trains investors how to utilize the information built into a candlestick chart to identify high-probability price moves. Investor sentiment reacts the same way time after time. The Candlestick Forum training educates investors to recognize the price pattern setups that will produce better probabilities of being in solid and correct trades. As illustrated in the current market trend, the Santa Claus rally that everybody predicted did not occur. Candlestick charts reveal what is happening versus what everybody is expecting to happen. You can gain a huge advantage for analyzing market trends and individual stock price moves with the information built into candlestick signals and patterns. To disregard this information is putting yourself at a disadvantage. It does not take long to learn the price patterns showing strong price movements, either bullish or bearish. Join us this year at the Candlestick Forum chat rooms. You will gain an immense amount of information that will greatly improve your assessments of trade setups. Happy new year!

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Good Investing,

Stephen Bigalow

The first analysis before any trades are established is being able to accurately assess the overall market trend. This is where the combination of candlestick reversal signals in the use of the T line dramatically improve your evaluations. Note how the Dow produced a MorningStar signal and a close above the T line yesterday. However, although the NASDAQ and the S&P 500 formed MorningStar signals, they did not close above the T line. Today’s bearish gap down, below the previous day’s candles, was clear evidence the bears were still in control. And the T line was not going to be breached. The assumption remains that the downtrend is still in progress. This is where putting the probabilities in your favor is greatly enhanced. Scanning for short trades becomes a much higher trade probability. Utilizing the information in candlestick signals and patterns allows the candlestick investor to identify which of those bearish trade set ups will likely have the strongest bearish price moves, both in identifying the direction as well as identifying which trades may have the strongest downward price moves. Common sense aspects of candlestick analysis can be applied to charts when analyzing your existing trading strategies or using the candlestick charts as your primary trend indicators. Merry Christmas.

The Candlestick Forum is an educational website that teaches investors how to use candlestick signals and patterns effectively. The first major benefit is learning how to identify the signals and patterns that have the strongest probability of producing an expected result. But there is another important element! Knowing what to do after identifying the signal or pattern. The Japanese rice traders have observed through hundreds of years of actual trade application what to expect to produce better probabilities that a candlestick signal or pattern is performing as anticipated. Learning candlestick analysis provides a much more clear evaluation of what is occurring in a price trend. Candlestick analysis is the utilization of probabilities based on hundreds of years of historic results. But investors do not have to use it as a soul-trading strategy. If you are already using somebodies trading strategy that works relatively effectively, adding candlestick charts to the analysis will greatly improve the results of an existing trading strategy. The main element when learning candlestick signals and patterns is knowing they work with a high degree of probability. Otherwise, we would not be looking at them today if they did not work. Join us for 2023. You will gain much more insight into price movement when using the graphics of investor sentiment.

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Good Investing,

Stephen Bigalow

Accurate trend analysis is enhanced by knowing the actual candlestick signals. Although the indexes produced a joyous trading day on Monday, it was not a candlestick reversal signal. This is very important for accurate trend analysis. A bullish trading day does not necessarily mean the bulls are taking control. If Monday’s trading had been a bullish signal, logic tells us that the Japanese rice traders, with 400 years of observations, would have identified it and described why it was a reversal signal. Because it was not recognized as a reversal signal, the inference has to be that it is not a change of investor sentiment. Otherwise, the Japanese rice traders would have indicated the relevance of that type of formation. As the markets illustrated, the effects of Powells’ comments are now sinking in. He is trying to create a slowdown in the economy. This does not make for good bullish trade setups. Another strong indicator of investor sentiment is when simple candlestick scanning techniques reveal much better short trades than long trades, it can be implied that the bears have taken control. However, as illustrated in the CARG chart, a recognized candlestick pattern still has the prospects of producing good profits in a direction that might be opposite of what the overall market trend is performing. Join us Saturday, December 17 for a full day training on recognizing, understanding, and applying successful trading strategies utilizing candlestick patterns.

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

Good Investing,

Stephen Bigalow

You gain much more accurate trend analysis visualization when using candlestick signals and patterns. Accurate trend analysis incorporates the nature of investor sentiment and its relationship to the T line. Today’s positive trading brought the indexes back up above the T line but did so without a candlestick signal. The sideways mode of the market indexes indicates investor sentiment waiting to see what the results are of the CPI numbers. Today’s positive trading was not enough information to accurately analyze which direction investor sentiment will move after the CPI numbers come out tomorrow morning. However, the premarket futures will allow for the confirmation of the likely direction of the overall market. But candlestick patterns allow investors to produce high probability trade expectations. The fry pan bottom, followed by a J-hook pattern, is a prevalent bullish pattern in these market conditions. Keep in mind investor sentiment works the same way time after time. That is why recognizing candlestick patterns produce such high probability expected results. Join us Saturday, December 17, for a full day of training on the high-profit candlestick pattern setups. This training not only allows you to recognize reoccurring pattern development but also provides insights into what moves investor sentiment, allowing an investor to gain much better control of their emotions and establish trades that dramatically improve probabilities of being in a profitable trade.

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Good Investing,

Stephen Bigalow

Although the market indexes traded positively today, they did not do so with a compelling candle formation. The Doji’s illustrated some indecisiveness even though the indexes were trading positively. Also, the T line remains a very relevant indicator. As long as the indexes continue to trade below the T-line, assume bullish sentiment is not in control. Tomorrow’s PPI numbers should also produce a reaction in the market trend. The best friend signals have produced some good profitable trades, as demonstrated in the electric vehicle sector,LI, NIO and XPEV. The J-hook patterns continue to produce consistent profits. The kicker signal in INFN appears to be starting wave three of a J-hook pattern. Join us this Saturday for a Mini spotlight training on identifying the J-hook pattern setups that produce the highest potential profits. These training sessions are inexpensive and provide an immense amount of information for visually recognizing the potential strong price moves.

Powerful trade setups become much more viable when able to accurately assess the direction of the overall markets. Today’s selling confirmed some candlestick sell signals of last week. The bearish hanging man/Harami formed in the indexes on Thursday was confirmed today with closes below the T line. The S&P 500 was more convincing that the sellers were taking control by forming a bearish signal at the 200-day moving average, a potential resistance level that everybody was watching. Analyzing that the sellers are starting to take control allows the candlestick investor to take advantage of powerful trade setups. Several bearish flutter kicker signals were confirmed today on the lower opens. A major advantage of the flutter kicker signal is the alert, the gap down Doji below the opening of the previous bullish candle. This makes trade entry a relatively high probability execution. The Doji rule makes entering a short trade a high probability expected result. Candlestick patterns are identified because of their reoccurring expected results. Join us Saturday, December 10, for a Mini spotlight training on the J-hook pattern. Learn what confirming indicators improve the probabilities of a strong J-hook pattern result. These – two-hour training provides an immense amount of information. Still, more importantly, it allows the learning process to concentrate on the elements that make the J-hook pattern potentially highly profitable.

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Good Investing,

Stephen Bigalow

There are some very strong candlestick patterns developing after the bullish market trend confirmation yesterday. The strong candlestick patterns are the J-hook patterns. Candlestick patterns have two major benefits. First, they produce a high probability of a trend direction and secondly, they produce the probabilities of a much stronger price move than merely up-trending stocks during an up-trending market. The Fed comments were not unexpected remarks. However, as illustrated in the strong price move in the indexes, investor sentiment was confirming the uptrend was still in progress. This was illustrated with the indexes all closing above the T-line. Today’s consolidation produced additional bullish confirmation, with the indexes pulling back and using the T line or the 200-day moving average as support. The confirmation of the uptrend continuing allows for scanning/identifying the strongest price move potential candlestick charts. Gold formed a J-hook pattern today. This makes scanning for the strongest chart patterns developing in gold stocks. Join us tonight for our open candlestick chat session. We will illustrate which J-hook pattern setups produces the strongest potential price moves.

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Good investing,

Stephen Bigalow

A reversal in the market indexes become much more easier to identify when using the Doji candlestick signal. The Doji candlestick signal is the most recognized signal. It illustrates indecision between the bulls and the bears. Today’s selling was identified when the Dow was trading back below the open of Friday. This is more relevant when the indexes are in the overbought condition. Additional confirmation was a gap down from Doji’s of Friday in both the NASDAQ and the S&P 500. That creates a bearish best friend signal, one of your strongest trend indicators. The additional bearish confirmation was the closures below the T line. The Doji candlestick signal can identify which individual stock positions are going to show the strongest potential down moves. Simple logic – if you can analyze the overall direction of the market based upon candlestick signals, you can identify which down trending stocks are going to have the strongest bearish potential using candlestick signals.