The Engulfing Pattern is a Japanese candlestick pattern that appears after a bull rally or a steep decline. It signals a trend reversal by shocking the trend with a sudden opposite movement. The Engulfing pattern involves two candlesticks; in general, the more candlesticks that are involved in a pattern, the more powerful it tends to [...]
Top Gainers: Symbol Company % Change This Week Closing Price 52-Week High 52-Week Low MAPP MAP Pharmaceuticals Inc 327.1% 12.09 14.80 1.57 PVCO PVC Container Corp 192.7% 600.00 600.00 205.00 SMRT Stein Mart, Inc 76.0% 6.93 8.08 0.99 OGXI OncoGenex Pharmaceuticals Inc 45.1% 17.65 22.40 2.00 MNKB Monadnock Bancorp Inc 44.9% 5.00 6.45 2.95 TSRA [...]
While I don’t use moving averages , some people do consider them to be very important. The S&P 500 recently crossed the 20-day moving average. The index is now at 902.30, while the 20-day average is at 898.89. Since the low in March, the 20-day moving average has acted as a major area of support [...]
General Motors, failed to save itself from bankruptcy after the deal to swap bonds for stocks fell through. The deal that was offered to bond holders on Wednesday would give out 10% of the company’s stocks in exchange for 27 billion dollars of bond debt. However, not enough bond holders came forward, instead choosing to [...]
The pattern I posted about on Sunday did not form. The market opened, and UNG opened down. That was the end of the abandoned baby candlestick pattern. Although it did manage to get back up to 13.75 despite the downward gap. It is also at all time lows. Sorry for the late update, I lost [...]
Most people think that they understand interest rates, when in reality they do not. The interest rates you receive at a bank is more than just a number. They are extremely important, and without interest rates our economy would be more of a roller coaster than it already is. In economic terms, the interest rate [...]
The stock symbol UNG (United States Natural Gas Fund) is two candles into an abandoned baby pattern. Those of you that know this pattern, also know that it is very rare and very strong. Another possibility is the Morning Doji Star pattern, which is also a strong buy signal. Best of all, the doji was [...]
Today’s Japanese candlestick pattern is called the “Hanging Man”. It is a reversal pattern that is often found at the peak of an upward trend. A hanging man must be found during an up trend in order to be meaningful. A hanging man is defined by a small real body, long lower wick, and short [...]
The most important thing to know about Japanese candlesticks is how to read them. Japanese Candlesticks usually come in two different colors. One color which represents an up day, and a second color which represents a down day. Most trading programs allow you to change the color of your bull and bear candles at will. [...]
1.Candlesticks do not lag behind like many indicators do. They give you up to the minute date about the financial instrument you are examining. 2.Candlesticks use patterns which are easy to spot if you know to spot them.Wise traders often take advantage of candlesticks in order to get in earlier on trades. 3.Candlesticks are a [...]