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Daily Market Comments - January 2018

01/11/2018 - Stock Market Comments

What is the talking heads topic Today? That we are probably in the late stages of an economic cycle. Is this relevant? Could that not have been analyzed three months ago, six months ago, nine months ago? Do not listen to anybody's opinion.

01/10/2018 - Stock Market Comments

Were the markets going to exhibit some profit-taking today, tomorrow, Friday? It doesn't matter! Candlestick analysis makes for very simple stop loss procedures. Those procedures do not involve numeric or percentage factors. The graphics of candlestick signals illustrate whether the Bulls or the Bears are in control. Candlestick stop loss levels are based upon the illustration of whether there has been a change of investor sentiment. This is especially relevant when prices move to an overbought condition.

01/09/2018 - Stock Market Comments

Nothing has changed as far as the uptrend continuing. This allows for the identification of the sectors that are participating to the upside or the downside with the most strength. Today LABU has moved up strong indicating the biotech's are probably an area for bullish trades. The prognosis remains the same. Stay predominantly long with the expectation of rotating out of sectors that are start to show weakness and moving into new strong buying of other sectors.

01/08/2018 - Stock Market Comments

Were the markets going to exhibit some profit-taking today, tomorrow, Friday? It doesn't matter! Candlestick analysis makes for very simple stop loss procedures. Those procedures do not involve numeric or percentage factors. The graphics of candlestick signals illustrate whether the Bulls or the Bears are in control. Candlestick stop loss levels are based upon the illustration of whether there has been a change of investor sentiment. This is especially relevant when prices move to an overbought condition.

01/05/2018 - Stock Market Comments

How much longer can this market continued to go up? That is what usually is asked by most investors. So what do they usually do? They close out positions/take profits because they think the market has moved up to levels where they are anticipating there could be a possible reversal.

01/04/2018 - Stock Market Comments

25,000+ on the Dow but still not evidence of exuberance. Even today with the markets up strong, numerous stocks are still trading flat or lower. Not necessarily showing any major reversals but merely backing and filling during slow uptrend's. Today the big stocks, AMZN, AAPL, NVDA etc. are trading higher. The overall trend for many stocks are up but slow, the T-line being the relevant trend support factor.

01/03/2018 - Stock Market Comments

Will every candlestick trade be like the INSY trade? Obviously not! But the major benefit provided by candlestick charts is being able to identify which trades have the big potential. Not only to the candlestick charts indicate when to buy, they also provide a high probability format for when to take profits. The candlestick investor always has a very logical/high probability entry as well as exit strategies. INSY is producing big profits but the charts also provide the potential for taking profits.

01/02/2018 - Stock Market Comments

Two major aspects that usually occur on the first day of the trading year. Evidence of what the big-money is going to be buying in the first quarter and the results of profit-taking. This year, neither is being demonstrated. That implies that what was acting well in the final few weeks of 2017 is continuing. There appeared to be some profit-taking on Friday, but today's buying indicates that any profit-taking that was being pushed into 2018 is not yet occurring. Numerous charts are still showing relevant candlestick patterns that are not being disrupted today.

 

 

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