Hey Market Pilots, We finally got a pullback in the market after one of the craziest weeks I have ever experienced. We all know about the Game Stop (GME) and Reddit vs Melvin battle going on, all while the market was tiring and wanting to roll over. We even managed to get in on some … Read more
Hey Market Pilots, How could I not write about the action that is going on with GME and all the other high short interest names? We have never seen a “coordinated” effort like this before where the little traders are taking on the big institutions and firms. I have “coordinated” in quotations because it’s all … Read more
Hey Market Pilots, Let me say right off that this piece isn’t discussing any near term action in the markets, so if the market takes a dip, it’s well within the context of what I am writing. That said, I have been discussing how bullish on the market I am and you can watch the … Read more
Hey Market Pilots, “Buy the rumor and sell the news” is a common phrase in trading, but what does it really mean? This may seem remedial to those who know but remember, there was a time when you had to learn the meaning as well. The stock market is really good at pricing in news … Read more
Hey Market Pilots, Have you prepped for 2021 and built a trading plan for how you will be taking advantage of the market’s opportunities? How do you plan to hear about the hot names and sectors which you should be mining furiously for those opportunities? Have you found a trusted source to help bring you … Read more
Hey Market Pilots, One week into 2021 and the “excitement” hasn’t gone away. I won’t even begin trying to cover all the events which happened as we rolled into the new year, but I will tell you it has been great for the Moxie Traders. I have been getting many traders asking me for my … Read more
Hey Market Pilots, The indexes have been a little difficult to read and interpret over the last few weeks. I chalk this up to back-to-back four day holiday weeks where traders are on vacation and volume is reduced, plus end of year shenanigans due to tax concerns. I wrote a newsletter the other week describing … Read more
Hey Market Pilots, Happy New Year!! 2020 has been a year for everything, good and bad, including the kitchen sink. Just because the calendar now says 2021, doesn’t mean we have woken up in a completely new world. I expect there will still be some lingering vibes from 2020 as we continue to work through … Read more
Hey Market Pilots, Over Christmas weekend, I did my usual weekly video for the Moxie Subscribers and in it, I said that the market should keep going up. Then on Monday the 28th, the SPY opened with a sizable gap up and my guidance was confirmed. My account was up big and grew for the … Read more
Hey Market Pilots, Trading can very much be a game of following the leader because as individuals, we do not have enough firepower to move the markets. This is why we want to know where the money is going and where the big institutions are positioning themselves. It’s common knowledge to look at volume as … Read more