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Daily Market Comments - January 2013


01/31 - Stock Market Comments

Thursday's trading is starting out in the same manner as the trading of the past two weeks, a flat open with very slow movement after that. Thursday's positive trading does indicate a good probability the T-line is going to act as support. Continue to stay predominantly long. In this type of market, do not hesitate to close out positions that are not performing as the charts have indicated.

01/30 - Stock Market Comments

The weakness in Wednesday's market does not indicate any real selling pressure, merely profit-taking. The uptrend has been experiencing selling in the morning with buying coming back in in the afternoon, this is a healthy market characteristic. The profit-taking is done on a daily basis. Continue to stay long. The age of this market trend is now creating rotation in uptrending stocks.

01/29 - Stock Market Comments

Tuesday the Dow is trading positive. The NASDAQ is flat. Monday the NASDAQ traded positive, the Dow traded negative. This is a clear indication there is not a change of investor sentiment. The uptrend is still in progress. The Dow formed a Doji Monday. Required a lower open in Tuesday's trading to indicate potential profit-taking. The fact that it opened higher tells us the uptrend is still in a steady progress.

 

01/28 - Stock Market Comments

The steady uptrend in the Dow has now created a possible alert. The Japanese Rice traders reveal that after seven trading days away steady uptrend, start looking for profit-taking. This will usually occur between day seven and day ten. However, profit-taking does not necessarily include a full-scale reversal.

01/25 - Stock Market Comments

Once it can be assessed what the market is doing, with candlestick analysis the profitability can be greatly enhanced. We can see the indexes are in a slow steady uptrend. Having that knowledge allows for pinpointing which signals/patterns will have the best upside prospects. Signals and patterns have the opportunity to produce much greater returns than just a normal uptrending stock. Continue to stay and/or look for chart patterns that have the potential of breaking out to the upside.

 

01/24 - Stock Market Comments

Did Apple affect the whole market? It was evident as the market's opened this morning with the Dow trading positive and the NASDAQ trading negative that the indexes were being influenced by individual stock prices, not an overall change of investor sentiment. Continue to remain long with some short positions and remain nimble.

01/23 - Stock Market Comments

The Dow is up 55 points, the NASDAQ up 11, but the S&P 500 is flat. This divergence act as a confirmation there is not exuberant buying yet in this market. It merely suggests the rotation of funds from one sector to another. Stay relatively long, but keep in mind, there is some short positions that are acting well that can be added to the portfolio as a hedge/profit center.

01/22 - Stock Market Comments

The markets are indicating they are not in any hurry to go down. Tuesday's lackadaisical trading in the early part of the day may have been the usual profit-taking in the morning followed by buying in the afternoon with the profit-taking being very minor. Currently, with the Dow trading slightly positive and the NASDAQ mildly negative, this should imply there is not any dramatic change of investor sentiment occurring. Stay long until there is a dramatic change of investor sentiment, a strong sell signal.

01/18 - Stock Market Comments

The markets are indicating they are not in any hurry to go down. Tuesday's lackadaisical trading in the early part of the day may have been the usual profit-taking in the morning followed by buying in the afternoon with the profit-taking being very minor. Currently, with the Dow trading slightly positive and the NASDAQ mildly negative, this should imply there is not any dramatic change of investor sentiment occurring. Stay long until there is a dramatic change of investor sentiment, a strong sell signal.

01/17 - Stock Market Comments

Thursday's market trading is positive coming out of the chute. That is good for the Bulls except for the fact that is opposite of what normally happens. Be careful of a bullish morning and selling in the afternoon. Anything bought on Thursday's strength needs to be watched with a little bit more diligence if this market does not hold up going into the close.

01/16 - Stock Market Comments

The Dow continues to show weakness in the morning but gives clear evidence that it is not going anywhere in any great hurry. At the same time the S&P 500 and the NASDAQ are trading very close to even, if not positive. This discrepancy between the Dow and the other indexes is an indication there is not any mass selling occurring in the markets. Remain nimble, allow long positions to test the T-line.

01/15 - Stock Market Comments

Tuesday's early selling is in the same mode as previous trading days, early selling but no conviction. The NASDAQ is currently trading right on the T-line. The S&P 500 has used the T-line as support already Tuesday. The Dow, although trading lower, is not demonstrating any severe selling. Maintain long positions, expecting some sluggish trading during the mornings but with more activity in the afternoons.

01/14 - Stock Market Comments

Monday's trading again reveals no great conviction to the bullish or bearish side. The Dow is positive one point while the NASDAQ is -13 points. Continue to stay predominantly long with a few short positions open in the portfolio. This is pretty much repetitious of what the analysis has been for the past week, but nothing has changed. The markets are in a very slow uptrend, allowing the good stocks to work on the bullish side and the bearish side.

01/11 - Stock Market Comments

The markets continue to imply that they do not have any great incentive to go up or go down. Fortunately, sentiment is slightly more bullish than it is bearish. Obviously good money can be made if you have your funds in the right positions. Remain nimble and do not be hesitant to switch out of positions that are not showing any strength. A sideways chart in individual stocks does not give you any advantages.

01/10 - Stock Market Comments

The markets remain indecisive which also continues to verify the sideways mode of this market. The logical expectation is the indexes will move sideways until the T-line catches up. Continue to have the portfolio predominantly long with a few short positions also.

01/09 - Stock Market Comments

The sideways mode of the market has continued with a positive day when the Dow got back down to the T-line. The S&P 500 and the NASDAQ are showing sideways moving charts without any severe selling prospects. Continue to hold long positions that are acting well. Do not be hesitant to close out positions that are not acting well so you can move those funds to positions that are acting well.

01/08 - Stock Market Comments

Tuesday's selling is still not creating any sell signals. The Dow has sold off the hardest but appears to be stabilizing. Currently the S&P 500 and the NASDAQ do not appear to have any great selling pressure. A slow uptrending market usually involves selling in the morning and buying in the afternoon. Maintain long positions provided they are not producing a sell signal.

01/07 - Stock Market Comments

The markets have pulled back but not with the magnitude that would indicate there has been a change of investor sentiment. The current investor sentiment has been a sideways/slow uptrend. As long as there is not a severe sell signal in this market, candlestick patterns will continue to work nicely.

01/04 - Stock Market Comments

The markets have pulled back but not with the magnitude that would indicate there has been a change of investor sentiment. The current investor sentiment has been a sideways/slow uptrend. As long as there is not a severe sell signal in this market, candlestick patterns will continue to work nicely.

01/03 - Stock Market Comments

Thursday's trading would be very well anticipated for profit-taking. However, any profit-taking that has occurred Thursday has been minimal, indicating more bullish strength still participating in this uptrend. The uptrend remains in progress unless somebody pulls a major plug. Continue to stay predominantly long with a few short positions to act as safety valves.

01/02 - Stock Market Comments

Obviously a very strong start to the new year. Wednesday's buying is the result of the Cliff being averted. But be careful, the deficit problem has not been resolved. The increase in tax rates for the superrich still does not hardly scratched the surface of the deficit spending. Wednesday was a Band-Aid. If the market starts anticipating the full pure is not going to be resolved, you might see some lightning up of newly established positions.

 

 

 

 

 


 

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