Among the first people in Japan to use past prices to predict future price movements was Munehisa Homma, making a huge fortune trading in the rice market during the 1700s. However, according to Steve Nison, the candlestick chart pattern technique did not become popular until the 1850s when more rice traders started using it. In […]
Lesson 9: Important Candlestick Patterns Read More »
I will post the lesson about candlesticks after this review. There are many books and articles on the web that cover the subject in depth if you are interested in the philosophy and why these shapes are forming. We categorized the candlestick patterns under appropriate headings for easy reference. Bloomberg: Morgan Stanley’s big bear sees
Some Profit Taking at Resistances Read More »
Bloomberg: China electric-vehicle stocks are all the rage, trouncing Tesla Stocks roar back with best week in a month MarketWatch: Stock-market returns will be minus 3.3% a year for a decade, says ‘single greatest predicter’ You’ll know the bear market is nearing an end when anxious investors push the ‘panic’ button yahoo! finance: Nike set
U.S. Stocks Break String of Weekly Losses Read More »
Bloomberg: JPMorgan China fund ramps up bets on tech as bullish calls grow X-rated recession risks can’t be covered up China bulls have got it wrong as Covid Zero stays, Lombard says MarketWatch: You shouldn’t trust the stock market bounce until the S&P 500 is back above 3800, analyst say Dow ends nearly 200 points
Powell Vow to Battle Inflation Read More »
Anyone can add comments to any market review or lesson posts. It will not appear immediately as it needs validation for spam. It seems that spam is a bigger problem theses days than viruses? News in Brief Bloomberg: The S&P 500 hasn’t had such a bad first half since the Nixon era MarketWatch: Tesla’s new
Economy can Handle Additional Hikes? Read More »
Anyone can add comments to any market review or lesson posts. It will not appear immediately as it needs validation for spam. It seems that spam is a bigger problem theses days than viruses? News in Brief Bloomberg: Tencent slashes wager on stock that soared 684% in edtech frenzy Short sellers are having a field
Tuesday’s Stocks Bounce Read More »
Frontrunner has many uses and in this lesson we will discuss another two of them that was only briefly mentioned in the previous lessons. Frontrunner is a proprietary technical signal of Algomodel and is only available in Algomodel Signals Pro. Frontrunner Bottom Prediction The cyclic indicator Frontrunner usually turns at bottom levels between a value
Lesson 8: Frontrunner Prediction & Trend Break Read More »
News in Brief Bloomberg: US futures gain with European stocks; Dollar slips JPMorgan strategist see equity stress easing in second half MarketWatch: Fed’s Bullard says U.S. economy should continue to grow in coming quarters Stocks are still too expensive and rising rates may shock financial system, Seth Klarman warns The U.S. markets were closed yesterday,
Markets are making a Strong Move Read More »
Any System to use in the stock market should preferably comply with the KISS principle: “Keep It Simple Stupid”.If one makes it too complicated by using many indicators, you will get many conflicting signals and then you do not know whether you are coming or going. Technical analysis helps guide traders to what is most
Lesson 7: Using Cyclic Signals as a System Read More »
News in Brief Bloomberg: For all their worries, investors are oiling into US stocks Putin gets inexpected pushback from ally over war in Ukraine China’s stock rally is becoming a lifeline for Asian portfolios MarketWatch: The next bull market is just months away and could take the S&P 500 to 6000: A BofA history lesson
Mixed Uncertain Finish for U.S. Stocks Read More »