TG Watkins

Hey Market Pilot, An exchange traded fund (ETF) that I like to keep tabs on is the IBD 50 (FFTY). Part of the reason I follow it is because it moves in a similar fashion to the Russell 2000 ETF (IWM). When trading, we could use all the clues we can get our hands on.  … Read more

Hey Market Pilot, Yesterday, the Federal Open Market Committee (FOMC) held a meeting. Promptly afterward the market rocketed to a new all-time high after already doing that for two weeks. This is a bit of bullish insanity. I am hard-pressed to find a time where the market has moved like this after a major pullback … Read more

Hey Market Pilot, On the heels of Tesla (TSLA), Lucid (LCID), and Bloom Energy (BE) having explosive moves, I have been seeing names which support the electric vehicle (EV) space starting to warm up. We know Plug Power (PLUG) has started to move in earnest, but here are a few others. If you are interested … Read more

Hey Market Pilot, When the market catches a trend with energy, it can take a while for things to shift. Especially if you missed the move and have to wait for the next train to arrive. This is mostly the situation I find myself in with the markets being at all-time highs. Taking anything on … Read more

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