Hey Market Pilot, Well last week was certainly an eventful week, wasn’t it? The consumer price index (CPI), Federal Open Market Committee (FOMC) members being hawkish, Russia, and I am sure there was more. I always find it fascinating how technicals can line up with the news events of the time, and last week was … Read more
Hey Market Pilot, Technical analysis is about pattern recognition and knowledge of your indicators. For me, combining these two helps me prepare for what the market might do next so I can take advantage of it or get out of the way. Right now, I am seeing a familiar pattern with the Moxie Indicator™ show … Read more
Hey Market Pilot, As we begin another week in the market, sentiment remains all over the map. Unlike the last few years, the opening of 2022 did not turn into a strong bull run we were all hoping would take hold. Instead, we have been left with choppy, volatile conditions. Where Are The Opportunities? Volatility … Read more
Hey Market Pilot, The other day I was hanging out in one of our trading rooms and a member was saying how exhausted he was with all the movement going on in the market. Movement itself isn’t bad if it is smooth and trending, but is not preferable when price goes wildly in both directions. … Read more
Hey Market Pilot, The poor breadth of the market is finally catching up to the indexes. I have written about this a few times over the last 10 months since the small caps broke in mid-February, 2021. Since then, there has been a deterioration of stocks all over the place while money came out of … Read more
Hey Market Pilot, The market has been very active recently and was even more so with the Federal Open Market Committee (FOMC) minutes released this week. Despite all the wild action, Moxie Indicator™ members have been on the right side of various trades during this volatility, including cashing in two really great VIX Short Term … Read more
Hey Market Pilot, Last week, the market puked hard into the close on Friday. Did you see it coming? Or was it difficult to pinpoint due to the choppiness of the index as it bounced around for the last few weeks? It was a real challenge as the S&P 500 (SPY) kept bouncing off the … Read more
Hey Market Pilot, As with most skills that are new to us and will take time to acquire, trading will involve many, many (did I mention many?) mistakes along the way. Those mistakes typically come in the form of losses, which can be draining on our psyche and our account. So let’s take a few … Read more
Hey Market Pilot, Today the markets will be closed in observance of Martin Luther King day. In addition to taking some extra time away from the markets and with friends, family, or hobbies, we should also remember what the holiday is about. I am sure we sometimes have a holiday and don’t give much thought … Read more
Hey Market Pilot, The markets are feeling pretty precarious lately. We know growth is out and the small caps are in trouble with the Russell 2000 ETF (IWM) looking like it wants to break down after going sideways for nearly 11 months. With interest rates going up in 2022, tech is experiencing headwinds. But we … Read more