One more day ‘till February is in the books and as long as the market doesn’t implode, it will probably stay over the monthly 10-day moving average (MA). This MA has been a line in the sand for me. The fact that the market is closing over this MA means there is some positivity. Of course nothing is guaranteed, but it’s certainly progress. Let’s see how this is working: Traders need to be aware of probabilities and possibilities. As this market keeps bouncing along, members of my Moxie Indicator™ Mastery … Read more

All last week I was guiding the Moxie Indicator™ subscribers into the idea that the SPDR S&P 500 ETF Trust (SPY) was likely to pull back and that the target would probably be the daily 50-day simple moving average (SMA). That target was hit Wednesday, and now we need to see if this area will be support or if it’s just another bounce in a downtrend. Take a look with me: Traders need to be ready for when the stock market bounces their way. As this market keeps popping higher … Read more

The Hourly Inverse Trampoline setups I had been seeing this week and cautiously pointing out finally triggered Thursday. The markets dropped Friday and I think they should continue, possibly to the SPDR S&P 500 ETF Trust (SPY) daily 50-day simple moving average. We never know how deep the pullback will be or how long it will last, but we should watch to see how individual names behave during this time to see if there are any relative strength candidates. See what I’m watching through the holiday-shortened week: Traders need to … Read more

We got the initial pullback to the daily 21-day exponential moving average (EMA) as I was expecting. Then I was looking for a pullback to the daily 50-day simple moving average (SMA) since the hourly Moxie Indicator™ is looking weak. But in case that doesn’t happen and price wants to flag, here is an example of what that could look like: Is the latest pullback enough or is there more to go? This market keeps throwing out challenges. Members of my Moxie Indicator™ Mastery Program learn how to combine fast-moving … Read more

So the pullback we were waiting for started Thursday. This raises questions about how far will it go, how long will it last, and will it be into strength or weakness? Whatever that may be, there are opportunities out there in both directions as we cashed in a nice short trade on Hut 8 Mining Corp (HUT). Is the pullback what traders have been waiting for in this stock market? There is a lot to watch this week. With market ups and downs, members of my Moxie Indicator™ Mastery Program … Read more

We had a strong five to six weeks in the stock market and it’s due for a rest. I am seeing participation start to fall off and not a lot of setups jumping out at me. So let’s give the market some time to reset and refresh. Let’s look at the distance from the average true range and the weekly chart on Tesla, Inc. (TSLA): Is the stock market tiring or will price action gain momentum into the spring? There is a lot to watch – central bank speeches and … Read more

The market had a nice move up due to the Federal Open Market Committee (FOMC) meeting last week. Gold (GLD) did go, but it was a trap. GLD had already been running for a very long time and was not in a good place to go long. Here I will show you all the things that the Moxie Indicator™ system had which told us why GLD was a poor long. Let’s review: How will this stock market play out after a week of back-and-forth? Outside news events – central bank … Read more

Whether it’s a short squeeze or more buying, the market went up a few minutes after Federal Reserve Chairman Jerome Powell started speaking Wednesday. He highlighted the end of the Federal Open Market Committee (FOMC) meeting this week. Yes, there might be really negative economic data coming sometime in the future. But we don’t know how much of that the market has already priced in, and it might take time for it to kick in. So if the market wants to go up, we ride it and deal with the … Read more

The SPDR S&P 500 ETF Trust (SPY) is starting to run into a previous high and all eyes are on it for signs of the bear to return. But if the SPY can hold up and even go sideways like the SPDR Dow Jones Industrial Average ETF Trust (DIA) did, then that can be considered strength and a green light for other tickers that are ready to move up. Of course things can change, but a lot of stats point to a strong year if January is positive following a … Read more

Microsoft Corp. (MSFT) had earnings and they were all over the place. Ultimately it opened with a big gap down, which got entirely bought back up. For now, I am seeing bullish signals and we will have to see how long this can run. Watch the video for more details: Will the market continue this upward swing? The stock market continues to sort through a variety of outside influences and now earnings season reports that can influence price action. How do you trade this market with this uncertainty? Members of … Read more