Right now many traders only see “gloom and doom” in the market… And this year has been extremely challenging. But I want to instead focus on where I’m finding opportunities. Because despite what you hear lately, there’s actually a silver lining for active traders. For example, the Consumer Price Index (CPI) increased 9.1% recently and … Read more
Hey Market Pilot, Let’s bring up a chart I had from the end of April and see how my prediction for how the market was going to move turned out. Then, let’s compare the S&P 500 (SPX) current monthly to an era of a lot of swings in the 1970s. We can learn what it … Read more
Hey Market Pilot, After watching the ProShares Ultra VIX Short-Term Futures exchange traded fund (UVXY) decline for a long time, yet the Moxie Indicator™ stayed flat, we finally saw a signal show up Friday with the hourly Moxie Indicator™ crossing over zero and triggering a price alert. The divergence we have been seeing has been … Read more
Hey Market Pilot, Let’s go back in history to look at the ’70s and when inflation was a big deal. Since we are in a similar period of inflation and QT (quantitative tightening), I thought it would be good to look back at that era and see what the charts looked like so we can … Read more
Hey Market Pilot, Price always comes back to the mean. The question is when, and right now we are witnessing the gap between price and the monthly 10-day simple moving average (SMA) getting filled. Outside the S&P 500 (SPY), numerous other names have done the same or better on this short squeeze frenzy. The other … Read more
Hey Market Pilot, The U.S. Consumer Price Index (CPI) numbers came out well below expectation and caused the market to rally. This continued the short squeeze the market has been in for a couple of weeks. I was looking for a slight dip to the 21-day moving average, but since that didn’t happen, what might … Read more
Hey Market Pilot, We are seeing the market slow down on its upward progress as we approach a market sensitive piece of data: The U.S. Consumer Price Index (CPI) set for release on Wednesday. I feel that regardless of what the raw number comes out as, there will be some excuse to get the market … Read more
Hey Market Pilot, The market has been grinding higher after it survived the last week of big news and earnings events. We have been able to hop on that train, but at this point, I think it is wiser to wait for the next pullback opportunity to get some fresh long positions. Join me as … Read more
Hey Market Pilot, This market is on again-off again as much as the ice cream machine at McDonald’s (MCD), a stock that is mirroring market chop. Take a look at this video where I use MCD as an example of a choppy stock that follows a variety of moving averages at different times. It might … Read more
Hey Market Pilot, While it might seem counterintuitive, the market moved upward strongly after the FOMC raised rates 75 basis points (BPS). The market likely considered it good news that the FOMC did not raise rates by 100 BPS. This is a narrative I have been discussing for a couple weeks now. All of this … Read more