TG Watkins 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
Since the indexes hit their lows in October, the market has been in a narrow range with poor breadth. That means only a few of the most significant stocks kept the market up. Recently, we have had signs that breadth is spreading out, and the small caps are starting to wake up. Is this what … Read more
We all know the market does well after corrections. It has been said there are great opportunities after bear markets, which are really just bigger and longer corrections. So, is this a great time to think about your 401K? Click here to see the 2023 Bull/Bear Market Update from March 1st on the Simpler Trading … Read more
Many stocks have been over the 21 Simple Moving Average (SMA). The market finally woke on Friday, and breadth looks much better. Now that we have more broad-based action in the market let’s see where it leads us. Become a member of the Moxie Indicator™ Mastery Program, and don’t miss out on essential market updates … Read more
The Nvidia (NVDA) and C3.ai Inc (AI) pops we got last week sent the semiconductor sector into overdrive. That made for some very extended names going into earnings. Can they last? Well, let’s look at a few that just reported and see what the damage is like. Become a member of the Moxie Indicator™ Mastery … Read more
According to NVDA and SOXX, Wednesday was the day to buy the dip. NVDA is up over 26% after reporting significant earnings on Wednesday after the bell. As usual, there are many names with sympathy moves happening. Yes, the markets are shaky, but they aren’t going down, so what exactly is the trend? Let’s dive … Read more
The market looks positive this week as we wait to hear from the Fed on the debt ceiling situation. Taking a step back, It has been a challenging year for most stocks. But part of that is because they had no direction. Most of them were hibernating after getting destroyed in 2022. But enough time … Read more
The SPY finally broke out yesterday on news that House of Representatives Speaker Kevin McCarthy said he is hopeful they will reach an agreement on the debt ceiling deal by Sunday. We all knew they would, but they have to play the game. The market started to break the trend lines while I was live … Read more
Last week, precious metals got hit with bearish momentum. Were you surprised? Silver (SLV) showed a clear signal on my Moxie Indicator, which kept me from making a potentially bad trade. We must be aware of critical signs that indicate a shift in momentum could be happening for the market. My Moxie Indicator™ Mastery Program … Read more
The Consumer Price Index (CPI) report had the market on a spin cycle on Wednesday but ended at the highs. The market is being supported by narrow breadth. Apparently, that is enough to keep the market rising despite neutral internals. The market started lower on Thursday and continues its sideways action. My Moxie Indicator™ Mastery … Read more