The bullish trend should continue based upon the candlestick index charts. Anticipate some strength in the gold and silver mining stocks. Also the health services area is acting strong. A third sector to watch is the regional banks. Always keep in mind that how prices open in an individual stock adds better probabilities the pattern is continuing to work. This applies to any time frame. Join us this coming weekend for a mini-training on improving your Day Trading techniques utilizing the information built into candlestick signals. This is both oriented toward knowing the general direction a trading entity will be trading during the day as well as intraday trading utilizing combinations of chart time frames, such as the one- minute, five-minute, ten-minute charts. This information will also be applied to appropriate entry points for swing trading. Click here to register.
Obviously, the news of the China virus is going to be affecting investor sentiment Monday morning. The news is also going to be concentrating on how much money is actually getting out to small businesses. How does this affect each sector? That’s the advantage of candlestick analysis allowing us to see exactly where money is flowing. You gain a huge advantage when knowing which stocks and sectors are acting the best during a current uptrend. Even if you are using other trading techniques, putting candlestick charts on your screen allows you to see more clearly whether those trading techniques are working as expected.
