Hey Market Pilot,The S&P 500 (SPY) and Nasdaq (QQQ) kept moving up last week, but I am concerned that they are not telling the true story. It seems those indexes are being led higher by a few outsized names. While they look good on the surface, the rest of the market appears to be moving the other direction. There are a few ways to view this divergence. One of them is to look at the various indexes and note that the Russell 2000 ETF (IWM) and SPDR Dow Jones Industrial … Read more

Hey Market Pilot, At one point, some of the biggest names we follow now were growth stocks. Apple (AAPL), Amazon (AMZN), Netflix (NFLX), and Facebook (FB) were all growth stocks because there was something about them that was revolutionary and they had a huge ability to “grow” into their market. Think about a company that is disrupting the status quo or entering the scene with a product or service which no one has seen before. A growth stock can also be a “flash in the pan” since something that is … Read more

Hey Market Pilot, The S&P 500 (SPY), pictured below, has been moving up steadily for a few weeks with virtually no down days until the pullback started. This was a pretty impressive move that just didn’t seem like it was going to quit, but the market always pulls back eventually. One of the clues about the impending pullback, and also a lesson in the fear of missing out (FOMO) restraint, is when price started to get even more aggressive to the upside. In a small sense, this could be considered … Read more

Hey Market Pilot, Recently I have been talking about one of my best setups, the Trampoline Move, showing itself on the daily chart of the gold miner exchange-traded fund (ETF) known as GDX. The Trampoline Move is a high-energy, high buoyancy trade that shoots price higher after a dip. When I saw this form on the daily chart, I knew we were in for something good. Since I was seeing the signal in GDX, I figured gold (GLD) and silver (SLV) would probably be in a similar configuration and indeed … Read more

Hey Market Pilot, An exchange traded fund (ETF) that I like to keep tabs on is the IBD 50 (FFTY). Part of the reason I follow it is because it moves in a similar fashion to the Russell 2000 ETF (IWM). When trading, we could use all the clues we can get our hands on.  Back around August, I made a specific video for the Moxie Indicator™ subscribers about one particular clue I was seeing in the FFTY. That ETF started to shape up, test support, and move strongly before … Read more

Hey Market Pilot, Yesterday, the Federal Open Market Committee (FOMC) held a meeting. Promptly afterward the market rocketed to a new all-time high after already doing that for two weeks. This is a bit of bullish insanity. I am hard-pressed to find a time where the market has moved like this after a major pullback and didn’t at least “tag up” to test near-term support. Initially, I thought I was late to the party — had to fight FOMO (Fear Of Missing Out) —  and so I waited for that … Read more

Hey Market Pilot, On the heels of Tesla (TSLA), Lucid (LCID), and Bloom Energy (BE) having explosive moves, I have been seeing names which support the electric vehicle (EV) space starting to warm up. We know Plug Power (PLUG) has started to move in earnest, but here are a few others. If you are interested in seeing how we play them, take a look at the Moxie Indicator™ alert service. Blink Charging (BLNK) is pictured below. Arrival (ARVL) is pictured below. Beam Global (BEEM) is pictured below. Gevo Inc (GEVO) … Read more

Hey Market Pilot, When the market catches a trend with energy, it can take a while for things to shift. Especially if you missed the move and have to wait for the next train to arrive. This is mostly the situation I find myself in with the markets being at all-time highs. Taking anything on the long side would be very risky at this point since most stocks follow the indexes and the next direction I am looking for is down. Therefore I want to be protected on the long … Read more

Hey Market Pilot, I am curious how many people will be buying the market because news headlines from last weekend will say, “Market hit new all-time high.’ People will think this is amazing and a clear sign of market strength so they should get in… Only to have the market most likely drop lower on them. The market is shifty like that. Reaching the previous high was like a magnet for price, especially as it crawled up the last few days. In the screenshot below, you can see how price … Read more

Hey Market Pilot, The indexes have been on a strong rally the last few days and the S&P 500 (SPY) and Nasdaq (QQQ) have pushed higher than I originally expected. This had me looking around at the last time we saw something similar which was October of 2020. The chart patterns are remarkably similar, but with two differences I will point out. To begin with, in the similarities pictured below you can see both time periods have had price cross over a flat daily 50 simple moving average (SMA). The … Read more