American Express (AXP) - when looking at candles activities for this stock I see a nice hammer (yesterday) and a beautiful candlestick bullish gulfing pattern today (so far). Is it ready to reverse? Going to my “HOT” list right away.
Engulfing Pattern:
A reversal pattern that can be bearish or bullish depending upon whether it is in an uptrend or downtrend. The first day is characterized by a small body, followed by a day whose body completely engulfs the previous day’s body.
Johnson & Johnson (JNJ) - I wrote about JNJ here before but today it’s also displaying a very nice engulfing bar. To my “HOT” watch list.

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