Screen Shot 2021-02-16 at 12.03.15 PM

A satisfied market

Hey Market Pilots,

We finally got the pullback I was looking for, and then the market decided that whatever the Fed and Jerome Powell said was acceptable, so everything was bought up.

I’ll cover the QQQ later and follow up with the projection I had with it, but for now, the SPY and IWM pulled back to the areas I was looking for. The SPY pretty much tapped H50, but I have a sneaking suspicion that there could still be some odd movement this week as options expire. The IWM went below the Hourly 50 SMA which put it into a Moxie Trampoline setup (one of my most energetic setups) so I am happy with the action.

The markets pulled back Tuesday, which put many names into exactly the kind of moving average setups that I teach, along with so many Trampoline setups on the hourly time frames. Then on Wednesday, the markets continued to be soft for the morning as they waited for the news from the Fed and Powell. I haven’t fully caught up on what was said (pretty much status quo with unchanged interest rates and more bond-buying) but the market appeared to be very happy with the guidance. A flurry of buying volume came in across the board and the markets moved up strongly.

Adding this reaction to the technical setups I have been guiding the Moxie Indicator subscribers into, gave me all the reasons to jump in on several names. Unless something surprises us from left field, my bullish stance has been confirmed and I am eager to see tickers start to get back on track from the February thrashing.

Over and Out,

Your Profit Pilot.

If you are having trouble making money in the market or figuring out how to interpret charts, join me live on Wednesdays at 10:30 CT. I navigate the markets and answer your ticker questions in real-time. If it resonates with you, I would be thrilled to have you on the journey.

1 thought on “A satisfied market”

Leave a Comment


Move from reacting to predicting market flow. Join TG’s “Profit Pilot” E-Letter to get actionable insights from his chart analysis so that you can finally catch trends on time.

We will never sell your information to any third parties.

Free Stuff

The Moxie Stock Method
What if you could look beyond price and identify big moves in stocks before they happen? Now is your chance to discover how TG achieved 103% account growth with his Moxie Stock Method in a little over a year.

7 Fastest Ways to Ruin Your Trading Account

Join TG as he walks through his strategy for avoiding surprises, temptations and risky positions while trading. Download

How to Navigate Volatile Markets
Navigating a volatile market can be made easier by having a good balance of knowing the market context and environment, plus solid trading rules for your specific tickers.”