Optimism over a possible Covid-19 vaccine pushed us to the highest levels of this raging bull. It left us right between the Stock Market Update’s upper and lower channel lines.
If this is your first time with us, or you are new to candlesticks, please read Stock Market Update: Your User Guide.
We start with a day-by-day analysis of the Nasdaq composite in search of hidden clues of accumulation or distribution in the daily price action.
Then we step back and put the puzzle pieces together. Our mission is to give you an edge in the market.
Monday, May 18: Beautiful Day
Facts: Up 2.4%, 71% closing range on increased volume.
Great: Gapped up 1.7% with a steady rise throughout the day, eventually taking out the