Hey Market Pilot, Since the market peaked in late March, I have called for the S&P 500 (SPY) to move to the daily 50 simple moving average (SMA). We have reached that area, and I gave the market the possibility that it could bounce at that support level. So far, price action has been very … Read more
Hey Market Pilot, Last month, I alerted the Moxie Indicator™ members about Bitcoin (GBTC, pictured below). At the time, I said that I was waiting to see if price would pull back into support. The next day, I explained that I saw several names on my list acting similarly to GBTC by completing an “elf … Read more
Hey Market Pilot, Earlier this month, I alerted the Moxie Indicator™ members of a short setup in Autonation (AN, pictured below). Although it took a few weeks, I was able to get out of my position for a nice 8.5% gain by the end. However, this win didn’t come without trials and tribulations. I had … Read more
Hey Market Pilot, This week the market is all about inverse trampoline moves – a revealing setup in price action. Using the S&P 500 (SPY) and Nasdaq (QQQ) as examples, I’ll point out this pattern on my charts. But what is an inverse trampoline move? It’s a market pattern that is comprised of two distinct … Read more
Hey Market Pilot, This week, I’m looking for a pullback in the indexes and some major stocks. In the video (posted below) I show examples of how stocks are setting up similarly to the indexes. Then, I show recent tickers which have already formed the patterns I am projecting onto the indexes. Finally, to end … Read more
Hey Market Pilot, We have seen wild swings in all directions over the last few weeks… Such action requires good traders to step back and analyze the “big picture” of market volatility. Right now, I’m looking for trends and patterns that will show me which way this market might sway. Check out this video (posted … Read more
Hey Market Pilot, We had an energetic move higher over the last two weeks which started the day before the Federal Open Market Committee (FOMC) meeting and carried on past operating expenses (OPEX), partly due to a large amount of put options expiring. Much of the talk right now is about how strong this market … Read more
Hey Market Pilot, I think this week we are all wondering the same thing: Is the big move up the bullish sign we have been waiting for, or is it just a bounce in a downtrend and we should short it? We don’t quite know that answer yet, but I will give you a few … Read more
Hey Market Pilot, I use the phrase “not my trade” fairly often when my Moxie Indicator™ members ask me about stocks that moved and why I didn’t go in. Firstly, there are thousands of tickers out there moving in their own way, and I can only trade around 10 of them at a time. This … Read more
Hey Market Pilot, As a primarily end-of-day trader, there are often times in the middle of the day where I step away from the market. That is why a major component of my trading style involves setting stops. I do this with almost every trade I take in order to protect my account from unexpected … Read more