Hey Market Pilots,The weeks leading up to the 4th of July are typically seasonally bullish and this was true for the S&P 500 (SPY) and Invesco QQQ (Nasdaq exchange traded fund), and a handful of stocks. But for the rest of the market, we actually saw a lot of names sink to the downside. It was frustrating to be right on the market sentiment, but tackling the wrong set of names for the week. Now that the holiday has passed, the opportunity to catch meaningful longs has also passed. It has … Read more

Hey Market Pilots, Good news, the S&P 500 (SPY) and Invesco QQQ (Nasdaq exchange traded fund) have been hitting new all-time highs. This reinforces the stance I had that the SPY move down in mid-June was just a dip. It was a little intense at the time, but I definitely wasn’t communicating anything bearish to the Moxie IndicatorTM subscribers. It’s always great to hear about the market reaching new highs, but it can make me a bit nervous, too. This is because there is always a pullback lurking somewhere and … Read more

Hey Market Pilots, It has been a long few months since we have seen the small caps set up strong. The Moxie IndicatorTM subscribers had a really great run with small caps from November to February and then they all pulled back. Some small caps really imploded ─ or at least that’s what it looked like on the lower time frames. However, if you step back and zoom out, many of the stocks I follow really just pulled back to support on their monthly and weekly time frames. These are … Read more

Hey Market Pilots, Timing is pretty important in trading. I am sure it is even more important when dealing with options since they have a specific time value associated with them. Either way, you can be right about a trend or the overall performance of a stock, but if you enter or exit at the wrong time your returns can be hampered. This is something I had to deal with last week. I could see the kind of patterns and formations setting up on the weekly time frame for my … Read more

Hey Market Pilots, With the big move down in the markets toward the end of last week, price got stretched and when this happens there is always a bounce at some point. The first bounce is usually pretty easy to spot, but the real question is what happens after this point. In the screenshot below, you can see that there was a gap between price and the daily 8 exponential moving average (EMA). Price doesn’t like to be too far away from moving averages for too long, and the 8 … Read more

Hey Market Pilot, We had the Federal Open Market Committee (FOMC) release its minutes yesterday, June 16 Market reaction caused the dollar to move up strongly and precious metals were hit with a sell-off. Then we woke up today to find each of those moves continued in extreme fashion overnight. The extent of the moves is surprising, but the fact they are doing what they are doing is not as I had been guiding the Moxie IndicatorTM subscribers about these in detail over the last few weeks. The dollar had … Read more

Hey Market Pilot, A few weeks ago numerous names were starting to shape up exactly as I needed them to take advantage of this market. It was exciting to see them come alive in the Moxie IndicatorTM way and I began telling my subscribers about them. Because I have definable setups and patterns, I could instruct them as to what phase of the setup tickers were and generally what to expect. This way, when the move started to gather some steam, we all knew when to exit with a profit … Read more

Hey Market Pilots, Stock trading is an interesting profession we choose. We know all the perksㅡ wealth, no boss, freedom to work when you want, etc. But it is also one of the crazier professions we could try and get into. The market is definitely neurotic and probably one of the last places where wild west shenanigans can take place and it’s still accepted. Sometimes the market can be a thing of beauty and work out exactly as planned. But oftentimes it’s an erratic mess of price movement that is … Read more

Hey Market Pilots, The markets have been difficult for my style of trading over the last few months as the high momentum, high beta names all took a beating. Week after week I kept trying to figure out where the bottom was and when we could play the long side again. The setups I usually take weren’t working, and that was just a sign the tickers weren’t ready for the long side. Then, early last week, it all changed. I have a vacation planned for next week, but the market … Read more

Hey Market Pilots, This weekend is a longer one as we get to celebrate on Memorial Day and remember those who have served our country. I hope the weather is nice for you to take some time and enjoy the beautiful landscape this country has and what it is we strive for daily.  I come from a long line of men who have served. Both my grandfathers and my dad were in the U.S. Air Force and my uncle was in the U.S. Navy. This weekend I will be spending … Read more