The market indexes continue in their sideways/wedge mode, making both long and short positions continue to perform. The retail sector continues to trade lower. Oil prices continue to move up.     ..read more

Tesla provided a very strong bullish signal today, the bobble breakout. This makes Tesla a strong, bullish candidate for more upside. However, it also may have skewed the NASDAQ, demonstrating good strength well many of the underlying stocks in that index may not have been a strong. Currently, the markets are in a sideways wedge. This indecisive sideways trading likely reflects the indecision going into the CPI and PPI numbers. Also the retail sector report will be out at the end of this week. As illustrated in numerous retail stocks, they are in a downtrend. These market conditions allow for ..read more

Today’s early positive trading has bounced the indexes back up to the T line but the T line appears to be acting as a resistance level. Stay predominantly short.   ..read more

To Download recorded sessions; In order to download, click on the link below. Once on the video page, you will right-click on the video player and click on “save video as” to save to your files. Thursday, September 7th, 2023 Members Stock Chat. At the end of the webinar, Steve announced his upcoming “Daytrade Setups with Candlestick Breakout Patterns“ event, which he’ll present on Saturday, September 9th. The Candlestick Forum training provides expected results with an extremely high degree of probability Click here for more information ..read more

The downward bias is evident with the indexes continuing to trade below the T line. The gap down in the NASDAQ and the S&P 500 reveal strong selling pressure. Any long positions need to remain above the T line.   ..read more

The Dow and the transportation index clearly failed at the 50 day moving average. The NASDAQ, after a bearish left/right combo is now formed a bearish Doji sandwich back to the 50 moving average. The S&P 500 has traded down through the 50 day moving average and the T line. Any long positions should be closed if they are showing sell signals.   ..read more

The markets remain in a consolidation mode, as revealed with the Dow selling off, but the NASDAQ and the S&P 500 continue to show bullish strength. This produces market conditions that allow the candlestick investor to identify specific sectors acting bullish or bearish. The oil stocks are serving strong, and crude oil continues to trade positively into the mid-80s. Additional confirmation is the fact that numerous oil stock charts are producing the same pattern, the J-hook pattern. On the other spectrum, the bearish J-hook patterns appear in the retail stocks. This allows candlestick inve ..read more

To Download recorded sessions; In order to download, click on the link below. Once on the video page, you will right-click on the video player and click on “save video as” to save to your files. Thursday, August 31st, 2023 Members Stock Chat. As we celebrate Labor Day enjoying family, friends, food, and football, most of us pause to honor and recognize the American labor movement. I would like to offer you a little “token of my esteem”, in the form of Labor Day Sale. As of Today, please feel free to invest in any of my Candlestick Forum digital products at a 50% L ..read more

The market indexes are showing some divergence. The Dow may be forming a sideways wedge formation while the NASDAQ and the S&P 500 have formed bobble breakouts, a high probability J-hook pattern setup. This implies is likely to be more upside. This indicates some sectors will act very bullish while others are performing bearish. These market conditions make for having both long and short positions in the portfolio. The strong signals such as the kicker signal and best friend signals are producing powerful price moves. Tonight we will demonstrate how the J-hook patterns have high probabilit ..read more

Today’s consolidation/resting in the market is not unexpected after the big breakouts through the 50 day moving average and all the indexes yesterday. Trading should be oriented toward the long side as long as the indexes are confirming the bobble breakouts.   ..read more