Hey Market Pilots, The market continues to be dragged down by several cross-currents of events and information. We have the election, earnings, COVID, and lack of Stimulus. All these items are making people not want to put money to work in the markets and therefore prices keep sliding. In previous newsletters I had been viewing … Read more
Hey Market Pilots, Trading is tricky. If it weren’t, then it wouldn’t be so difficult to extract wealth from the market. But this is the reality of the market and we have to accept it and figure out ways around it. Part of that acceptance is to balance the risk of losing money with conviction … Read more
Hey Market Pilots, I am starting to see a common pattern arise out there in the market which is generally bullish, but it can also hold for a long time before it finally takes off. Many tickers out there did an amazing job running up in early October, and I view this as a great … Read more
Hey Market Pilots, If this isn’t your first time coming across me as a trader, then you are probably familiar with my favorite setup which I call the Moxie Trampoline Move. For those of you who aren’t familiar, this move happens when price is below the 50 SMA but Moxie is over zero. It has … Read more
Hey Market Pilots, In this past trading cycle, I had two trades which behaved very similarly. Which is to say they did nothing until they suddenly did something. It is not often that I step into a position and have to wait for it to start working. My style, thanks to the incredible timing properties … Read more
Hey Market Pilots, This week we saw a constructive bullish pattern workout in the markets known as an inverted head and shoulders. This market performance was able to play out despite the very chaotic news cycle of Trump with COVID and the hot potato known as the stimulus bill. I wrote previously that Trump’s recovery … Read more
Hey Market Pilots, The last few days have shown that we have to be prepared for anything to happen in 2020. Yes, there are only about 80 more days but with the rollercoaster of the COVID pandemic now reaching President Trump himself, why shouldn’t we expect aliens to visit too? Oh wait, they apparently did. … Read more
Hey Market Pilots, I’m sure most of you are aware by now some major news broke last week: Trump tested positive for COVID. Clearly, this isn’t good news for anyone but his opponents. The market’s reaction was quickly negative but surprisingly contained as price held the overnight support and the Hourly 50 SMA. President Trump’s … Read more
Hey Market Pilots, The Market has been a little challenging as of late and the ability to get chopped up or on the wrong side of it is a real possibility. Even I got caught up in the mess. While it was an uncomfortable position to be in, there were numerous learning opportunities I was … Read more
Hey Market Pilots, I just went through my list of names on my watchlist as part of my weekly review and it sure looks messy out there. Some names are up, some are down, some are sideways, and most of them look erratic. This is to be expected when the market as a whole is … Read more