Market Pulse – Bullish = 10.01.2022 $MSFT $AMZN $AAPL $FB $XOM $NVDA $TSLA $GOOGLE

The large caps closed today with very bullish candles and formations. Let’s have a quick overview of the sample of eight, starting with the most bullish.

made bullish Engulfing. A strong green candles tomorrow would confirm the intent.

completed a Piercing Line formation. A closure above the Friday’s high would confirm the rally.

$AMZN and $FB
made some nice bullish Hammers. The FB’s Hammer can also be viewed as a Harami which reinforces the bullish odds. A strong green candles tomorrow, preferably with a gap, would confirm the reversals.

completed a Meeting Lines. A rally tomorrow would confirm the bullish reversal.

looks less bullish compared to the stocks above. Nevertheless, a Thrusting Line has all chances to start a strong rally.

looks like a Cinderella in this company. While the candle is bearish Engulfing, lack of support from indicators could make this candle fake. A confirmation is required for both paths.

To summarize: the sample is bullish. Strong green candles tomorrow will make it overwhelmingly bullish.

The series of 2022 Long Term Forecasts for SP500, ASX200, VIX, DXY, TSLA, FB, Silver, Gold, GDX, Bitcoin, Ethereum, NaturalGas and Oil/WTI can be read at the link below:

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