The Federal Open Market Committee (FOMC) announcement was yesterday, Wednesday, July 26th. The Fed raised interest rates by another 25 basis points (BPS). This was expected, and the market seems just fine with it. What Federal Reserve Chairman Jerome Powell said in the Q&A was also apparently satisfying to the market. I keep looking for … Read more
The FOMC is this Wednesday, and they are slated to raise rates by another 25 BPS. The market looks pretty okay with this, as it has been rallying for weeks. The market is starting to get to a point where it seems too hot and overbought, and that makes me wonder if some more selling … Read more
We have been expecting the pullbacks that are happening in the market. Now, we make sure things don’t go too far with individual positions. Then, we keep an eye out for names that are coming into support. This is a good time to go through your bigger watchlists and see what is behaving best. Stay … Read more
Markets are behaving well and continue to do so as better economic news emerges. Inflation keeps winding down, and the JOLTS shows fewer job openings. While the Fed may still raise rates a little, the market seems okay with that and has probably priced it in. Moxie members and I will take advantage of the … Read more
The market had already looked great, especially the IWM and its flag. Then the cooler CPI reading came out, and the IWM is breaking out in earnest. It’s a great time to be in the market, so join me in the Moxie Indicator Trading Room for upcoming opportunities.
While the $SPY and $QQQ are a bit extended and taking a breather. IWM looks poised to lead next after resting for a couple weeks but it hasn’t exhausted itself at all. In fact, IWM looks like it’s about ready to go. This could mean that the market is broadening out and doing well. Moxie … Read more
The market has been very overbought over the last couple of weeks. Currently, it is pulling back and is taking a well-deserved break. This looks pretty orderly so far, and we just need to wait it out and build a list of possible tickers that look ready for the next move. As this market continues … Read more
Markets continue to work themselves lower from being overbought. Let’s see if we continue lower and finally pull back. I hope everyone had a good Father’s Day weekend. Let’s step away from the messy market and look at some airplane and classic car pics from the weekend. Become a member of the Moxie Indicator™ Mastery … Read more
While the market has been rising, Bitcoin had been falling… until Friday. There was a surge in price on big volume and some of the miners noticed. Let’s see what to do about it. Click here to watch (and read) the summary of my follow-up from the March 1st Market Update webinar. In this comprehensive new update, … Read more
The markets are going vertical, and it’s been a fun ride… But caution is warranted here. The Volatility Index (VIX) has stopped going down which implies traders are starting to hedge. This is because they see the froth too. I followed up on my March 1st Market Update webinar with a new update to see … Read more