After opening positive this morning but now currently trading a little bit lower the market indexes still have not shown anything that would show any change of investor sentiment. Unless there is a dramatic sell signal in the markets, as long as the indexes continue to trade above the T-line it has to be assumed the uptrend is in progress. This is allowing candlestick charts to produce big profits without any major worry of selling occurring in the market, i.e. SINA,NVDA,AMZN, VRX, AKBA. The probabilities of Candlestick Pattern Breakouts remain very strong when there is nothing in the markets that show potential reversals.
May 16th Daily Market Comments
After opening positive this morning but now currently trading a little bit lower the market indexes still have not shown anything that would show any change of investor sentiment. Unless there is a dramatic sell signal in the markets, as long as the indexes continue to trade above the T-line it has to be assumed the uptrend is in progress. This is allowing candlestick charts to produce big profits without any major worry of selling occurring in the market, i.e. SINA,NVDA,AMZN, VRX, AKBA. The probabilities of Candlestick Pattern Breakouts remain very strong when there is nothing in the markets that show potential reversals.