Hey Market Pilot, The weather is getting nice up here in Washington state; just in time for a long 3 day weekend. While we may not normally think anything of long holidays, sometimes they are for extra special reasons. Reasons we should remember while in our boat, at the BBQ, or watching the kids roll … Read more
Hey Market Pilot, The market is finally seeing some momentum to the upside. However, given the volatility we have been experiencing, I’m still urging caution. In the video above, I’ll cover… FOMC minutes recap An explanation of the SPY’s “undercut” price action and why it’s a “bear trap” My thoughts as to whether we are … Read more
Hey Market Pilot, As we start a new week in the market, I’m going down my list of tickers and comparing them to the most recent market action. In the video above, I’ll cover… An explanation of Apple’s double-top price action A deep dive into the breakdown of Amazon’s chart Why Conn’s chart looks weak … Read more
Hey Market Pilot, Yesterday we saw a steady sell-off as the market continued to break down. Today, we can see it is trying its best to bounce. Will we see more action toward the upside? In the video above, I’ll cover… The 20% overall market correction Why I think we are hammering out a bottom … Read more
Hey Market Pilot, It has been a wild few years with the craziness of the Covid-19 pandemic and all the things that the Fed did to support the economy and the market. We saw one of the strongest bull markets in history and a record number of new traders came into the market since most … Read more
Hey Market Pilot, Last week, I was studying the S&P 500 (SPY) price action. Upon further inspection, I saw what was looking like an air pocket forming, so I drew a visual. Now, there are additional air pockets forming… In the video above, I’ll cover… Why I thought this air pocket was forming on the … Read more
Hey Market Pilot, I’ve been studying the S&P 500’s price action, and it’s been incredibly hard to find anything to be bullish about. What are the charts telling me instead? In the video above, I’ll cover… Why I’m still bearish Coverage on the post-fed market sentiment A comparison to 2008’s SPY price action Its been … Read more
Hey Market Pilot, For the past few weeks, I’ve been cautioning short-side traders, as I was expecting to see a bounce. Yesterday, the FOMC spoke and we finally saw a relief rally. In the video above, I’ll cover… How the FOMC immediately affected market price action The pattern that helped me call this bounce A … Read more
Hey Market Pilot, Last Friday, we saw the market plummet. Now that there has been so much action toward the downside, I find it hard to believe we can move lower without experiencing a move to the upside first — no matter how big or small that pop might be. In the video above, I’ll … Read more
Hey Market Pilot, This week, we had some key players report their earnings. Now the question is, will it go lower? Or will we see a bounce? In the video above, I’ll cover… Why I think we might see a bounce A big picture overview of the market using the ES Futures chart An explanation … Read more