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Daily Market Comments - September 2017

09/29/17 - Stock Market Comments

Is everything working as regards to your trading plan? This is the first question each investor should ask themselves before the market opens each day. This is where candlestick analysis greatly solidifies an investors discipline.

09/28/17 - Stock Market Comments

Today's positive trading is keeping the indexes above the T-line. The Dow and S&P 500 are setting up J-hook patterns with the Dow currently forming a left/right combo off the T-line. As long as the indexes remain above the T-line, with the prospects of forming a bullish J-hook patterns, the probabilities indicate the continuation of the uptrend.

09/27/17 - Stock Market Comments

The nature of the market is still indecisive, the Dow now trading slightly lower but the NASDAQ trading up stronger. The consolidation is evident in each specific sector. This is providing more confirmation that these market conditions warrant having both long and short positions in the portfolio. This is why we recommend Trend Analysis.

09/26/17 - Stock Market Comments

Yesterday the Dow and S&P 500 formed Doji's right on the T-line. Today's positive trading is very relevant, providing the evidence the T-line will act as support if Today's trading remains positive going into the close. The NASDAQ gapped up today after it close just above the 50 Day Moving Average yesterday, implying the slow uptrending channel is still in progress. It will be important to see how the markets close Today, staying above the T-line will be important.

09/25/17 - Stock Market Comments

The markets are still in a pullback/consolidation stage. The NASDAQ and the Dow are  trading almost back to the 50 day moving average. The S&P 500 trading below the T-line. The selling remains fairly strong in the technology area. However, some of the basic industries, such as the energy area are acting well. These market conditions still warrant having both long and short positions in the portfolio. Watch gold stocks, they appeared to be picking up bullish signals.
Utilize the patterns.

09/21/17 - Stock Market Comments

The indexes are continuing to demonstrate consolidation during the uptrend, not any major change of investor sentiment. The Dow is used the 3T-line as support Today, the S&P 500 has use the T-line as support. The NASDAQ is showing the most weakness, after a series of Doji's it is currently trading below the T-line. The transportation index is trading higher.

09/20/17 - Stock Market Comments

Market consolidation? The Dow, S&P 500, and the NASDAQ are trading slightly lower, but only slightly. Nothing yet has shown there is any candlestick reversal signal, indicating a change of the current uptrend. But another important factor is illustrated in the transportation index, it is trading up strong Today after showing support on the T-line yesterday.

09/19/17 - Stock Market Comments

Nothing has changed in the trend of investor sentiment, a slow steady uptrend with the most obvious strength remaining in the Dow. The only caution is that the Dow has now had a trend move after it broke out through the wedge formation of the same magnitude of the last strong trend prior to the wedge formation.

09/18/17 - Stock Market Comments

Today's Bullish trading continues the uptrend in the Dow but more importantly moves the NASDAQ into new high territory after Friday's Bullish Engulfing Signal right on the T-line. The uptrend remains in progress until there is a definite reversal signal. This is making many of the candlestick patterns performing extremely profitably. IE. NVDA, SGMO, BLCM. Frypan Bottom patterns and J-hook patterns are producing very strong profits over the past few days of trading. Stay predominantly long.

09/15/17 - Stock Market Comments

Where do the most powerful candlestick formations occur? At obvious breakout levels everybody else is watching. J-hook Patterns off of obvious support levels i.e. BLCM. Best friend breakouts through resistance i.e. ABEO. McMuffin pattern off of support, through resistance, i.e. BGNE. Knowing what individual signals and patterns demonstrate as far as investor sentiment, and seeing them occur at obvious breakout levels allows candlestick investors to get into high profit/high probability trades set ups before everybody else.

09/14/17 - Stock Market Comments

The market indexes opened lower today but now trading above where they opened, indicating after the initial selling on the open, the Bulls are still moving the current breakout trend in a positive direction. The candlestick patterns continue to work well, the Frypan Bottoms i.e. DVAX and the J-hook/Bobble Breakout Patterns i.e. CRC, AXTI. When the market trend acts with consistency, as seen after the Best Friend Breakout of the Dow, the High Profit Candlestick Signals and patterns produce high probability profitable trade set ups.

09/13/17 - Stock Market Comments

Although the indexes are trading relatively flat today, candlestick formations reveal that they are trading above where they opened. This graphically illustrates that there is still buying occurring. Continue to stay long as long as the indexes remain above the T-line, as well as the 3T-line. The breakout through the resistance levels on Monday still provide visual evidence that there is new Bullish sentiment in the market trend. Stay predominantly long.

09/12/17 - Stock Market Comments

Although the market indexes are trading positive, they appear to be slightly indecisive Today. The S&P 500 is currently forming a Doji, the NASDAQ opened higher but is trading lower than where it opened, indicating some problem getting through the upper resistance level. The Bullish sentiment is still in this market. Some consolidation after Yesterday's strong trading day is to be expected. Continue to stay predominantly long with the market indexes breaking out through resistance levels. Any short positions should have compelling reasons to stay short. This is why we recommend Trend Analysis.

09/11/17 - Stock 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.

09/08/17 - Stock Market Comments

NASDAQ down, Dow up, opposite of yesterday's trading. The Dow continues to demonstrate a wedge formation, using the 50 Day Moving Average as a support. The prognosis remains the same, have both long and short positions in the portfolio. The hurricane is influencing bullish trading in the building supply companies and bearish trading in the insurance companies.

09/06/17 - Stock Market Comments

The markets remain in an indecisive mode. The NASDAQ trading lower Today is currently right on the T-line. The S&P 500 is trading right near the T-line, while the Dow and transportation index are trading higher. The sideways mode of the overall market trend is still obvious. Continue to have both long and short positions in the portfolio. Oil Stocks are showing strength with Crude Oil trading higher Today.

09/05/17 - Stock Market Comments

The weakness in Today's trading has confirmed the Shooting Star/Doji Signals that occurred last Friday in the market indexes. Additionally, the indexes were nudging breakout levels but Today's weakness in the markets demonstrates the lack of Bullish Strength to create breakouts into new territory. Most obvious is the Dow. Today's lower trading illustrates a wedge pattern, indicating the prospects of more sideways movement in the markets. Be more defensive, bad news in world affairs is having more negative affect on the market trends. If the market closes decisively lower Today, add a few short positions to the portfolio. This is why we recommend Trend Analysis.

09/01/17 - Stock Market Comments

Expects some profit-taking today, but there is not yet anything showing any change of the bullish investor sentiment. The indexes are now approaching potential resistance levels. The transportation index has hit the 50 day moving average. The NASDAQ is approaching the all-time high of a month ago. However, overall there are numerous stocks that have come back and use the T-line as support and continuing their uptrends. This visual assessment indicates there is no real bearish pressure on the markets. Stay predominantly long but be prepared to take profits on any signs of weakness.

 

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