Major Reversal Candles Forming in Consumer Good Stocks
Posted: Wed Feb 05, 2014 7:59 pm
Today, I want to get this alert out early to take advantage of some great reversals in the market. As we trade live on http://www.daytradingradio.com, we focus on High Probability Setup (HPS) zones. These are zones that have a multiple indicators lining up at the same time and place. The icing on the cake would be to see a reversal candle forming that suggests a change in sentiment in the stock or trading vehicle that the candle has formed in. It does not guarantee a reversal, but combined with the HPS indicators, it is one of the best risk/reward trade scenarios in the market.
We are seeing a lot of these today and I wanted to make sure people had an opportunity to take advantage of this alert. Stock that are setting up
PM, PG, K, YUM, PM, DG, DLTR
These three are in focus and are Best Bets going into next week.
Caution is always advised in trading and there are no guarantees in the market. Please do your own due diligence.