TG Watkins Hey Market Pilot, The market has been grinding higher after it survived the last week of big news and earnings events. We have been able to hop on that train, but at this point, I think it is wiser to wait for the next pullback opportunity to get some fresh long positions. Join me as … Read more
Hey Market Pilot, This market is on again-off again as much as the ice cream machine at McDonald’s (MCD), a stock that is mirroring market chop. Take a look at this video where I use MCD as an example of a choppy stock that follows a variety of moving averages at different times. It might … Read more
Hey Market Pilot, While it might seem counterintuitive, the market moved upward strongly after the FOMC raised rates 75 basis points (BPS). The market likely considered it good news that the FOMC did not raise rates by 100 BPS. This is a narrative I have been discussing for a couple weeks now. All of this … Read more
Hey Market Pilot, There are a few economic events in focus that will impact the rest of the week’s price action that I want you to be aware of. First, we have the Federal Open Market Committee (FOMC) press conference on Wednesday afternoon. On Thursday morning, the Gross Domestic Product (GDP) numbers will be released, … Read more
Hey Market Pilot, The market has been working its way upward as I detailed in the last video. This movement probably won’t be a smooth ride, or a fast one like some of the other short squeeze rallies we have seen, so we need to be okay with a choppy move higher. Perhaps that is … Read more
Hey Market Pilot, Another hot Consumer Price Index (CPI) reading on Wednesday, but the markets reacted very differently than the last time the numbers were released. Perhaps this indicates that traders are hedged better, or that too many people are on the bear side of the market. Either way, I think we should cautiously take … Read more
Hey Market Pilot,While the market appears to be near term bottoming, let’s look at some other stocks that are ahead of the curve. Zoom Video Communications, Inc., (ZM) and Zscaler, Inc., (ZS) have been moving upward for a few weeks, but they have been messy as they oscillate from highs and lows. This could make … Read more
Hey Market Pilot, Copper was once known as the “metal with a PhD” because it was a good measure of economic growth since the metal was used widely in the building process (houses, commercial buildings). The price and consumption of copper had a fairly linear correlation to how much building growth was happening. This was … Read more
Hey Market Pilot, Happy 4th of July! While there is a lot of talk about the markets being so oversold that we should get a bear market rally, I don’t see the spark to light the kindling yet. The SPY has been going sideways for a couple of weeks now and there are potential signs … Read more
Hey Market Pilot, Market volatility hasn’t subsided and I’m constantly watching for setups where timing and price open up opportunities to grab a more “normal” trade. The Moxie Indicator™ has been the workhorse for helping find these potential trades. Getting timely alerts helps balance working through both bullish and bearish moves in real-time. Uncertain market … Read more