Hey Market Pilots, Patience and persistence are needed if one is going to be successful in the markets. I am reminded of that when new subscribers come into my service and express concern that they aren’t making money. There can certainly be multiple reasons for the lack of performance in one’s trading account, but as … Read more
Hey Market Pilots, Since the market sold off last week going into Labor Day, we are now in a different mode. The market is no longer in a trend, which means clean moves are more difficult to find, and good looking setups may not actually work the way they are supposed to. The market is … Read more
Hey Market Pilots, Sometimes the market is poetic. Those who have been around the markets for awhile know that a stock split can create a lot of false hype and that the savvy traders use the actual split event as an opportunity to sell their gains to the uninitiated. We saw exactly this with TSLA … Read more
Hey Market Pilots, In my last newsletter, I left you all with a potential setup on BILI, which looked like a setup I took over a year ago on MDB and paid handsomely. I thought Monday would be the day for BILI to take off. It did pop, but only at the open. Then I … Read more
Hey Market Pilots, I could update you on the status of the market, but it’s going up. I am seeing some building indications of a sharp pullback coming, but the trigger is not here yet. So in that vein, I want to show you a setup that worked for me back on 6/6/19 in MDB, … Read more
Hey Market Pilots, Wednesday was a very interesting day. Seemingly out of nowhere many tech names absolutely exploded and went straight up for the day. Maybe this was based on CRM having good earnings, because CRM was added to the DIA and that was some sort of bat signal to the rest of tech, or … Read more
Hey Market Pilots, When the SPY broke out from its range at the beginning of August, there was a lot of energy behind it and the internals supported the move. As price approached its double top, momentum slowed as that is a natural resistance area and few traders are willing to buy the new highs. … Read more
Hey Market Pilots, There are a few times of the stock market year that are historically poor for taking trades whether it be long or short. These times tend to bookend summer as traders like to get out of the house or office and hit the summer outdoor activities or take the family on vacation. … Read more
Hey Market Pilots, Every successful trader has a process or method that allows them to take money out of the market in a fairly consistent way, and while that method may be excellent, it probably won’t work in every market environment. When the market changes, it’s important to remember that and subsequently assess the effectiveness … Read more
Hey Market Pilots, I love divergences. Sometimes they are positive, sometimes they are negative. I look for divergences with my Moxie Indicator to help me get in and out of a trade, and I use divergences between other metrics to help determine overall market sentiment. But the major divergence I am looking at right now … Read more