September 27th Daily Market Comments

The market still does not have any trend direction. The Dow is currently trading right in the middle of a sideways movement and stochastics are still heading in a downward direction. These market conditions obviously make it very difficult to find numerous trending stocks. Fortunately, although the numbers of good charts set ups is minimal, there are very profitable chart patterns identified, STNG, CENTA, VC, BDC longs, ENPH,SPWR, SMAR shorts. There is always a number of bullish and bearish chart patterns that will work effectively, that can be identified with simple candlestick scanning techniques, that will produce good profits even when the overall market is sideways.