TG Watkins All last week I was guiding the Moxie Indicator™ subscribers into the idea that the SPDR S&P 500 ETF Trust (SPY) was likely to pull back and that the target would probably be the daily 50-day simple moving average (SMA). That target was hit Wednesday, and now we need to see if this area will … Read more
The Hourly Inverse Trampoline setups I had been seeing this week and cautiously pointing out finally triggered Thursday. The markets dropped Friday and I think they should continue, possibly to the SPDR S&P 500 ETF Trust (SPY) daily 50-day simple moving average. We never know how deep the pullback will be or how long it … Read more
We got the initial pullback to the daily 21-day exponential moving average (EMA) as I was expecting. Then I was looking for a pullback to the daily 50-day simple moving average (SMA) since the hourly Moxie Indicator™ is looking weak. But in case that doesn’t happen and price wants to flag, here is an example … Read more
So the pullback we were waiting for started Thursday. This raises questions about how far will it go, how long will it last, and will it be into strength or weakness? Whatever that may be, there are opportunities out there in both directions as we cashed in a nice short trade on Hut 8 Mining … Read more
We had a strong five to six weeks in the stock market and it’s due for a rest. I am seeing participation start to fall off and not a lot of setups jumping out at me. So let’s give the market some time to reset and refresh. Let’s look at the distance from the average … Read more
The market had a nice move up due to the Federal Open Market Committee (FOMC) meeting last week. Gold (GLD) did go, but it was a trap. GLD had already been running for a very long time and was not in a good place to go long. Here I will show you all the things … Read more
Whether it’s a short squeeze or more buying, the market went up a few minutes after Federal Reserve Chairman Jerome Powell started speaking Wednesday. He highlighted the end of the Federal Open Market Committee (FOMC) meeting this week. Yes, there might be really negative economic data coming sometime in the future. But we don’t know … Read more
The SPDR S&P 500 ETF Trust (SPY) is starting to run into a previous high and all eyes are on it for signs of the bear to return. But if the SPY can hold up and even go sideways like the SPDR Dow Jones Industrial Average ETF Trust (DIA) did, then that can be considered … Read more
Microsoft Corp. (MSFT) had earnings and they were all over the place. Ultimately it opened with a big gap down, which got entirely bought back up. For now, I am seeing bullish signals and we will have to see how long this can run. Watch the video for more details: Will the market continue this … Read more
The market continues to improve and there are many historical stats that say if the first five days of the year and the first month of the year are bullish, that bodes well for the rest of the year. Of course we don’t know the path, but things are looking decent out there and I … Read more