TG Watkins

Hey Market Pilot, The indexes have been on a strong rally the last few days and the S&P 500 (SPY) and Nasdaq (QQQ) have pushed higher than I originally expected. This had me looking around at the last time we saw something similar which was October of 2020. The chart patterns are remarkably similar, but … Read more

Hey Market Pilot, When the market started pulling back a few weeks ago and we started to lose key support on the daily time frame, it meant that we then had to look at the weekly chart for support. I spent time discussing with the Moxie Indicator™ members and other outlets that the weekly 21 … Read more

Hey Market Pilot, What do we do during this time of quick drops and fast rallies if all you are interested in is trading to the long side? Well, you look around and build a list of names that could be the leaders on the next leg up.  One way that I like to do … Read more

Hey Market Pilot, Last week the S&P 500 (SPY) was able to hammer out a bottom at the weekly 21 exponential moving average (EMA), which was something I was looking for. But I have been guiding traders that it’s what comes after that bounce that will determine the next major move. If the SPY is … Read more

Hey Market Pilot, Last week, we saw the market continue down from the inverse trampoline move. That decline was heavy for the week and flagged sideways into more resistance on a 15-minute time frame. This gave us yet another leg down and actually broke the previous lows from Monday, Sept. 20.   As for market action, … Read more

Hey Market Pilot, Last week, I stated that I was wary of the market bounce from Monday the 20th’s big drop. The market never goes in a straight line and when we get such a big move down like that, price often needs to retest support from those lows sometime in the future.  So the … Read more

Hey Market Pilot, Last week, I wrote a piece about the S&P 500 (SPY) fading below the daily 50 simple moving average (SMA). In that article, I cautioned about shorting the market because I didn’t know how many opportunities there might be. Turns out there was a nice drop, but you either had to be … Read more

Hey Market Pilot, The Federal Open Market Committee (FOMC) minutes were released along with Jerome Powell fielding questions. Pretty much everything stayed the same, but they are conditioning the market to expect tapering, someday. Perhaps they would have been a little tougher on the taper talk if it weren’t for the Evergrande event. So they … Read more

Hey Market Pilot, Last week, we continued to see the market drift lower as it had been heavy all week. It started when the S&P 500 (SPY) could not hold the daily 21 exponential moving average (EMA) as support, so then it was onto the daily 50 simple moving average (SMA) where it got about … Read more

Hey Market Pilot, I think most of us know that even though insider trading is illegal it still probably happens. Mostly because in order to have deals done, somebody knows something and there are people who want to be able to take advantage of the deal. I don’t think there is the ability to enforce … Read more