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December 12th Market Direction

 

Big profits, using candlestick charts, are produced with higher probabilities when knowing which signals/patterns are going to produce the strongest moves. Not every stocks/sector has moved positive with this very strong market rally. Today's trading indicated the uptrend was running out of steam but not necessarily over. The Dow traded positive while the NASDAQ traded lower. This is an indication of sector rotation versus a change of investor sentiment. The candlestick investor has the advantage of easily recognizing which sectors are acting the strongest.

Understanding what each signal represents and applying simple visual analysis, it becomes easy to see which chart patterns are going to produce the strongest profitability. A candlestick signal followed by a gap up illustrates the strongest price move potentials. Many investment advisors recommend staying away from gaps. Candlestick signals and gaps are your best friends. When you understand what investor sentiment created a signal, and what a gap in price illustrates, the combination provides the candlestick investor with an extremely powerful profit set up. This is been illustrated by numerous positions in the portfolio recently.

 

We will conduct a "Members Only" chat session tonight at 8:00 p.m EST.


Good Investing,



The Candlestick Forum Team


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