November 22nd Market Direction

When is it time to be predominately long? When is it time to be predominately short? When is it time to have both long and short positions in the portfolio? That is exactly what candlestick charts reveal. An investor can much more accurately assess what the overall market trend is doing, utilizing the Dow, the NASDAQ and the S&P 500. Our recent recommendations have been having both long and short positions in the portfolio. That was based upon simple visual analysis of the different indexes, the Dow showed sell signals and continue to trade below the T line. The NASDAQ showed buy signals and continued to trade above the T line. The evaluation changes dramatically when candlestick sell signals are witnessed in all the indexes. This reveals a major change of investor sentiment. There are other subtle indications illustrated on candlestick charts that portend a change of investor sentiment. Join us Saturday November 27th at 10 AM ET for a free candlestick mini spotlight training on identifying when a major uptrend may be changing. Click here to register for free.

Exuberance was witnessed in a number of bullish stock chart patterns today. The shooting star signal formed in AAPL after gapping up in the overbought condition. AMZN created an evening star type signal showing a failure to move higher. RBLX gapped up in the overbought condition and immediately started trading lower. Candlestick signals and logic allow investors to take profits at the appropriate times. Short positions continue to produce good profitability by being in the right positions at the correct time.


Members Stock Chat session tonight at 8 PM ET.

Good investing,

The Candlestick Forum team