The lack of overall movement in the markets still is creating some very strong pattern movements in individual stocks. Today DDOG is producing a J-hook pattern breakout. PS is producing a Doji sandwich slow curve breakout. And strength in Nvidia is continuing wave three. As long as there is no major selling in the indexes, assume the sideways/slow up trending market conditions will produce good strong candlestick signal/pattern breakouts. Stay predominately long, investor sentiment has not changed.
May 22nd Daily Market Comments
The lack of overall movement in the markets still is creating some very strong pattern movements in individual stocks. Today DDOG is producing a J-hook pattern breakout. PS is producing a Doji sandwich slow curve breakout. And strength in Nvidia is continuing wave three. As long as there is no major selling in the indexes, assume the sideways/slow up trending market conditions will produce good strong candlestick signal/pattern breakouts. Stay predominately long, investor sentiment has not changed.