September 11th Daily Market Comments

What is the major criteria for successful investing? Being able to recognize the best signals for illustrating price movement, and then utilizing the emotional control to take advantage of that analysis. Today’s positive trading in the markets is forming a best friend signal in the Dow, which is now nudging the top of the wedge formation resistance. The NASDAQ has formed a Kicker Signal, proceeding toward the top recent highs/resistance level. This makes bullish chart patterns working profitably while bearish charts need to be scrutinized. Successful investing incorporates having good analytical tools, candlestick signals and patterns, and then acting upon those tools with the appropriate decisions, not emotional expectations. Look for the markets to try to breakout into new territory based upon Today’s strength. This is why we recommend Trend Analysis.