TG Watkins Hey Market Pilot, The other day I was hanging out in one of our trading rooms and a member was saying how exhausted he was with all the movement going on in the market. Movement itself isn’t bad if it is smooth and trending, but is not preferable when price goes wildly in both directions. … Read more
Hey Market Pilot, The poor breadth of the market is finally catching up to the indexes. I have written about this a few times over the last 10 months since the small caps broke in mid-February, 2021. Since then, there has been a deterioration of stocks all over the place while money came out of … Read more
Hey Market Pilot, The market has been very active recently and was even more so with the Federal Open Market Committee (FOMC) minutes released this week. Despite all the wild action, Moxie Indicator™ members have been on the right side of various trades during this volatility, including cashing in two really great VIX Short Term … Read more
Hey Market Pilot, Last week, the market puked hard into the close on Friday. Did you see it coming? Or was it difficult to pinpoint due to the choppiness of the index as it bounced around for the last few weeks? It was a real challenge as the S&P 500 (SPY) kept bouncing off the … Read more
Hey Market Pilot, As with most skills that are new to us and will take time to acquire, trading will involve many, many (did I mention many?) mistakes along the way. Those mistakes typically come in the form of losses, which can be draining on our psyche and our account. So let’s take a few … Read more
Hey Market Pilot, Today the markets will be closed in observance of Martin Luther King day. In addition to taking some extra time away from the markets and with friends, family, or hobbies, we should also remember what the holiday is about. I am sure we sometimes have a holiday and don’t give much thought … Read more
Hey Market Pilot, The markets are feeling pretty precarious lately. We know growth is out and the small caps are in trouble with the Russell 2000 ETF (IWM) looking like it wants to break down after going sideways for nearly 11 months. With interest rates going up in 2022, tech is experiencing headwinds. But we … Read more
Hey Market Pilot, There are lots of tickers that make it on my watchlist, despite the fact that I will probably never trade them. Why? There could be several reasons. Maybe I am using the ticker as a market gauge, or I just don’t like how it moves, but I want to learn from it. … Read more
Hey Market Pilot, The Federal Open Market Committee (Fed) came out and said that rate hikes may happen faster than they had been conveying initially. We all knew rate hikes were going to happen, and we even knew there were likely to be three of them in 2022. I am not sure when Wall Street … Read more
Hey Market Pilot, Welcome to 2022! It’s a new year, so does that mean we make a bunch of promises to ourselves which we will likely let fade away in a few months? Heck, maybe a few weeks? I like the notion of New Year’s resolutions, but I also know the reality of how making … Read more