Weekly Watch List November 23rd – November 28th

Stocks to watch The Dow closed below the T-line on Friday after a bearish left/right combo earlier in the week. This would imply the possibility of a bearish pullback. These market conditions make long positions in the portfolio having very compelling bullish chart patterns. The electric vehicle sector is still showing excessive strength, FB, WKHS, BLNK, TSLA, FUV, HYLN. The lithium mining stocks are still acting well, WWR, TTHM. Numerous biotech stocks are showing strength with the virus problem still present. VCRT, SRNE, NVCR, BNTX, MESO, CRMD. Be ready to add some short positions to the portfolio on weakness, INO, AVRO, ESPR. Software applications stocks have some good prospects as well as home furniture companies are showing strength. These market conditions warrant having both long and short positions in the portfolio.

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Weekly Watch List November 2nd – November 6th

The market pullback hard this week with all the indecision occurring in the political markets. The virus, the lack of economic stimulus packages, the indecisiveness of the polling. Although there are some potential bullish sectors and bearish sectors to consider, the necessity to do any heavy investing/trading this week is probably ill-advised until the election results are tabulated, which may or may not be by the end of the week. The construction sector has shown strong bullish signals, EVA, SUM, CX, ORN, TPC. The automotive sector is showing weakness, providing some short opportunities. NIU, TSLA, AGNT, WGO, F. Do not expect any strong directional movement of the markets until after Tuesday’s elections. This will put more emphasis on analyzing what each individual stock chart is conveying, whether in a strong or weak sector or not. The trading strategy for the week is to keep your powder dry.

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Weekly Watch List October 26th – October 30th

The indecisive market trend is obvious. First, the direction of the trading has been sideways for the last week of trading. Secondly, the nature of each trading day, forming indecisive hammer type signals in the Dow, also illustrates a lack of decisiveness. The lack of any market direction can probably be attributed to waiting to see what the election outcome will be. Fortunately, the candlestick investor has the benefit of being able to do simple scans to find which sectors/stocks are performing the strongest. This week, there are strong signals in the biotech/healthcare sector. RVP, NXTC, NXGN, NK, CRDF, ADNT. The business software sector has shown some good J-hook pattern setups.VERI, ECOM, MDLA, VIPS. The apparel store retail stocks are showing good strength. DLTH, PLCE, ANF, DDS. The sideways mode of the market is likely to stay in effect until there is a dramatic change of the polls for the election. The results of the polls apparently are not producing any insights due to the closeness of the races as well as the lack of confidence in the accuracy of polling. These market conditions make the results of simple candlestick scanning techniques much more relevant for identifying profitable trades.

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Weekly Watch List October 19th – October 23rd

The market continues its uptrend with the indexes trading above the T line. The Dow appears like it will be forming a J-hook pattern, which implies the next leg up should take the indexes well past the recent highs. There are numerous uptrending positions that are maintaining by the fact that they remain above the T line, indicating strong uptrends. The Internet information providers are showing good charts, ZM,ZIPS, MDLA, TZOO, JD, The retail sector has a number of good bullish chart patterns, DDS,BGFV, CHWY, DLTH. And the utility sector are showing good J-hook pattern set ups. AEP, ORA. As long as the market indexes continue to trade above the T line, there are a good number of candlestick pattern breakouts that are producing excessive profitability. Stay predominately long in this market but always have your safety stops in place.

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Weekly Watch List October 12th – October 16th

The market indexes continue their uptrend this past week with the easy visual analysis that the indexes were continuing to trade above the T-line. Gold stocks and silver stocks have shown good buy signals with gold and silver prices starting to move positively again SBSW, AGO., DRD, EGO, MTA, HMY, WPM. Restaurant stocks are starting to show good strength also. DIN, RRGB. Retail stocks are picking up strength WSM, LITB, .KIRK, PRPL, DLTR, LOW. Anticipate some profit-taking this week with the indexes moving a little bit away from the T-line. Join us this weekend for a full comprehensive training on how to utilize the T-line in the candlestick patterns to dramatically enhance your trend analysis and your profitability. 

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Weekly Watch List October 5th – October 9th

Although the indexes continue to trade above the T-line, giving strong probabilities a slow uptrend remains in progress, the nature of the uptrend appears to be very choppy. This was implied with the Dow opening much higher but trading below where it opened on Thursday, while the NASDAQ traded higher. This demonstrated in continuity, demonstrating some sectors are going to trade stronger while other sectors are trading lower. The insurance sector showed good strength.EHTH, NMTH, MTG, UNM, FNF. Auto dealers started showing strength, LAD, AN, SAH.
In some of the retailers were showing good strength, HIBB, BBBY, KSS. The important factor will be how the markets open on Monday morning. The indexes need to see good premarket for the continuation of the uptrend. A close below the T line in the Dow and the S&P 500 and NASDAQ would imply a down-trending channel is the stronger trend indicator. How the markets close on Monday in regards to the T-line will be very important. Join us on October 17 and 18th for a two-day training on how the T-line is one of your strongest profit-producing indicators used in conjunction with candlestick signals. Click here for more information.

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Weekly Watch List September 28th – October 2nd

The market indexes showed some bullish reversal signals on Friday, the MorningStar signal. Although the NASDAQ did not form a pure MorningStar signal, it had a MorningStar characteristic and the NASDAQ closed above the T line. The Dow and the S&P 500. A positive open on Monday would indicate the confirmation of the MorningStar signal as well as showing the T line is not acting as a resistance level anymore. This would imply to start taking profits on short positions that are showing bullish signals and start adding long positions again.
The gaming stock sector is acting well SGMS, PENN, DKNG, GME, MGM, RCL. The biotech sector is also showing some good buy signals,SAVA, NVAX, INO, SRNE, TEST, MRNA.The oil and gas sector is showing a lot of weakness, be ready to short, COG, RRC, CNXM, APA, REGI.

The appearance of a MorningStar signal with stochastics in the oversold area at least indicates a possible bounce and/or upon strong confirmation the next wave starting in the up trending markets

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Weekly Watch List September 21st – September 25th

The selling brought the indexes back down below the T-line. The T-line rule makes the probabilities of trading lower in the near term highly probable. Although the Dow supported off the 50 day moving average on Friday, the NASDAQ and the S&P 500 traded lower, forming potential bearish J-hook patterns. Unless the indexes show strength from these levels, the markets could be trading lower. This is where you want to have both long and short positions in the portfolio. Fry pan bottom patterns have been producing strong profits during this sideways movement of the market for the past two weeks. Strength is being shown in the diagnostic substance sector, QDEL, INO, FLGT, KIN, CRDF. The medical instrument sector is also showing good strength, VVPR, FLDM, KODK, OSUR, REKR. Short positions can be established in the restaurant sector, DIN, ARMK, BLMN. Long positions can be maintained as long as they continue to trade above the T-line and any weakness in the markets should instigate more short positions established.

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Weekly Watch list September 14th – September 18th, 2020

The markets may be showing some support near the 50-day moving average. But a compelling indication that there is not a drastic selloff in progress is the fact that the transportation index has been moving sideways and upwards when the rest of the indexes have been selling off. Candlestick logic merely tells us that there is no consensus selling in this market, merely profit-taking. If new strength shows up in the markets you want to consider buying the shipping stocks GLMG, TNK, STNG, as well as FDX which has maintained a 45° for the past two months and now producing a slow curve upside breakout potential. The housing stocks are starting to move back up TOL, PHM, TMHC, KBH, LEN.  Application software stocks can be shorted on market weakness SMAR, VEEV, BLKB, WORK RPD, INOV. It would be prudent to have both long and short positions in the portfolio as long as the market indexes are not showing any direction. The bullish trend needs to see the market indexes close back up above the T line. The T line rule tells us the downtrend remains in progress with a much greater degree of probability as long as the indexes continue to trade below the T-line.

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Weekly Watch list September 8th – September 11th, 2020

The candlestick charts gave a strong alert that a reversal was coming. Join us this Tuesday night to learn the five indications that a reversal is about to occur based upon candlestick analysis. This week, with the indexes trading below the T-line, there are some strong very sectors to pay attention to. Homebuilders and supplies have numerous bearish charts,PHM, FAST, NAS, and DY. The computer software area has good short setups, TENB, NEWR, PRO, SPSC, FEYE, RP. Internet software companies showed strong sell signals, MDLA, UPWK, CDLX, and PINS. The bullish sectors are toys and hobbies, OSW, TWMC, BBW. Retail stocks especially in the clothing area produced good bullish charts,ANF, TLYS, BKE, URBN, ans SCVL.

The market uptrend will not continue until the indexes show a close back up above the T-line. The current consolidation stage could last for two days or two weeks. These market conditions make it prudent to have both long and short positions established in the portfolio. Although the markets may not be showing a decisive trend movement, the simple candlestick scanning techniques allow for pinpointing the strongest or weakest sectors/stocks. There will always be good bullish charts in a down market as well as good bearish charts in an upmarket. The graphics of candlestick analysis make it easy to identify the strongest potential price moves.

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