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Omicron Hits Home…

Hey Market Pilot, I don’t think it is much of a surprise to most of us to hear that Omicron, a new Covid-19 variant, has made it to the shores of America. By the time we discovered and heard about it from Africa, it was already on the other continents. It was simply a matter … Read more

Market Self Correcting

Hey Market Pilot, Last week I wrote about how the S&P 500 (SPY) finally got under its hourly 50 simple moving average (SMA) with the hourly Moxie Indicator™ below zero. This is the negative setup that I was expecting for the markets to move lower, but I didn’t expect it to happen on the day … Read more

We Aren’t Out Of Woods…

Hey Market Pilot, We got a little fireworks show in the market to start Thanksgiving week. With Monday and Tuesday being volatile and hammering to the downside, support was found near the daily 21 exponential moving average (EMA) and the fear has subsided going into the actual holiday. We aren’t out of the woods yet, … Read more

Conflicting Signals…

Hey Market Pilot, The S&P 500 (SPY) and Nasdaq (QQQ) kept moving up last week, but I am concerned that they are not telling the true story. It seems those indexes are being led higher by a few outsized names. While they look good on the surface, the rest of the market appears to be … Read more

No Growth, Stock Tanks

Hey Market Pilot, At one point, some of the biggest names we follow now were growth stocks. Apple (AAPL), Amazon (AMZN), Netflix (NFLX), and Facebook (FB) were all growth stocks because there was something about them that was revolutionary and they had a huge ability to “grow” into their market. Think about a company that … Read more

Watch Price, Capital

Hey Market Pilot, The S&P 500 (SPY), pictured below, has been moving up steadily for a few weeks with virtually no down days until the pullback started. This was a pretty impressive move that just didn’t seem like it was going to quit, but the market always pulls back eventually. One of the clues about … Read more

Is Inflation To Blame?

Hey Market Pilot, Recently I have been talking about one of my best setups, the Trampoline Move, showing itself on the daily chart of the gold miner exchange-traded fund (ETF) known as GDX. The Trampoline Move is a high-energy, high buoyancy trade that shoots price higher after a dip. When I saw this form on … Read more

Funds Signal Support

Hey Market Pilot, An exchange traded fund (ETF) that I like to keep tabs on is the IBD 50 (FFTY). Part of the reason I follow it is because it moves in a similar fashion to the Russell 2000 ETF (IWM). When trading, we could use all the clues we can get our hands on.  … Read more

FOMO After FOMC?

Hey Market Pilot, Yesterday, the Federal Open Market Committee (FOMC) held a meeting. Promptly afterward the market rocketed to a new all-time high after already doing that for two weeks. This is a bit of bullish insanity. I am hard-pressed to find a time where the market has moved like this after a major pullback … Read more

Alternative Energy

Hey Market Pilot, On the heels of Tesla (TSLA), Lucid (LCID), and Bloom Energy (BE) having explosive moves, I have been seeing names which support the electric vehicle (EV) space starting to warm up. We know Plug Power (PLUG) has started to move in earnest, but here are a few others. If you are interested … Read more