Retail earnings during the Summer Doldrums Market Direction Aug 14. 2023

Although the retail earnings are coming out this week, the overriding influence is the summer doldrums. The earnings related to Walmart and Target may offset each other. This should not produce any great market movement when the summer doldrums of the relevant factors. However, this does not preclude having simple candlestick scanning techniques that allow for identifying very strong bullish charts as well as strong bearish charts. The force of human nature, illustrated in candlestick charts, override a lethargic market trend. The Candlestick Forum constantly teaches how to identify the strongest price movement potentials. When the markets are moving sideways/drifting, the candlestick investor still has a good supply of strong trade setups.

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