Hey Market Pilot, The market broke support last week and we faced a few stiff days of selling. In my last newsletter I cautioned readers, saying this market doesn’t like to stay down. So once the S&P 500 (SPY) found the daily 50 simple moving average (SMA), it bounced. This was my initial target in … Read more
Hey Market Pilot, After a few weeks of lackluster activity and moves to the long side stalling, we are finally getting some action this week (even if it’s to the downside). I took the Moxie IndicatorTM members into cash last Friday since the longs I was in just kept melting down slowly and not holding … Read more
Hey Market Pilot, Over the weekend I filmed my weekly video review for my Moxie IndicatorTM members. In that video I explained to them how the landscape of the market right now is looking a little dicey. I am seeing new highs, breakouts, and earnings pops get sold into. Uptrends seem to be hitting brick … Read more
Hey Market Pilot, All eyes have been on the inflation numbers, both consumer (CPI) and producer (PPI). This is because inflation is an old foe that America has had to fight. If left unchecked, it can get out of hand. We are familiar with the stories in the past from other countries where people were … Read more
Hey Market Pilots, With the status of the economy at play every time an economic report comes out, sectors related to its performance have been moving around in all directions. If a report says the economy is weak for example, then value stock and gold rise. If the economy is strong, then growth stocks rise … Read more
Hey Market Pilot, The markets have been on fire for months, but that isn’t necessarily the case beneath the surface. Despite the S&P 500 and the Nasdaq trucking along and making new all-time highs, there is a large contingent of tickers not doing well. One thought is that perhaps these stocks are cycling down into … Read more
Hey Market Pilot, Earnings season is in full swing, and it has been a wild one. We have seen all sorts of reactions out there with very polar results like Amazon (AMZN) down hard but Atlassian Corporation (TEAM) up huge. It’s tough to know exactly which way these binary events will go, so I prefer … Read more
Hey Market Pilot, Once again the Federal Open Market Committee (FOMC) held a meeting. How will this influence the market this time? A few years ago the release of their minutes would mean wild volatility immediately and usually into the daily close. But over the course of time, that volatility has morphed into a relatively … Read more
Hey Market Pilot, It seems like we are in the time of one-day pullbacks. Despite “bad breadth” and the indexes being held up by a handful of names, all we needed was one stiff day to the downside and that provided enough of an opportunity for buyers to step in and buy the dip ─ … Read more
Hey Market Pilot, The market has had a few wild swings lately. While the down move was the easier one to catch, staying out of the market during times like these can be a wise option, too. As traders we certainly have an urge and itch to always be in the action and making trades, … Read more