This basing action allows for identifying which individual stocks are trading with a new direction based upon identifying very strong reversal signals. Knowing what the top ranked candlestick signals illustrate allows investors to take advantage of price movements well before the rest of the market enters those trades i.e. AMCX and DERM bullish flutter kicker, ACOR McMuffin,TLRY wedge breakout. The analysis of the ETFs, such as NUGT, allows for identifying strong buying in the gold sector. Although the markets remain in an indecisive consolidation stage, there are stocks/sectors that continue to produce good profits. The biggies, AMZN, AAAPL, NVDA etc. are not yet showing any reversal.
October 15th Daily Market Comments
This basing action allows for identifying which individual stocks are trading with a new direction based upon identifying very strong reversal signals. Knowing what the top ranked candlestick signals illustrate allows investors to take advantage of price movements well before the rest of the market enters those trades i.e. AMCX and DERM bullish flutter kicker, ACOR McMuffin,TLRY wedge breakout. The analysis of the ETFs, such as NUGT, allows for identifying strong buying in the gold sector. Although the markets remain in an indecisive consolidation stage, there are stocks/sectors that continue to produce good profits. The biggies, AMZN, AAAPL, NVDA etc. are not yet showing any reversal.