TG Watkins Hey Market Pilots, This weekend is a longer one as we get to celebrate on Memorial Day and remember those who have served our country. I hope the weather is nice for you to take some time and enjoy the beautiful landscape this country has and what it is we strive for daily. I come … Read more
Hey Market Pilots, February 16 was the day the music stopped for the high beta names that made me millions last November. It was a wonderful time as the fear of missing out (FOMO) was in full force and investors were trying to chase the agenda of the new presidential administration. Since then, those names … Read more
Hey Market Pilots, The market has been changing character lately. I have been able to find setups, but they only last one to three days and then it all gets given back. There is less and less of a trend to the upside as it appears tops are starting to form. Then, looking around the … Read more
Hey Market Pilots, The market has been on a tear since the Covid-19 low back around mid-March of last year, but there have been some levels where the market has become volatile and run into resistance. Many of those areas coincide with Fibonacci (Fib) levels, which I think is fascinating. I always wonder if Fibonacci … Read more
Hey Market Pilots, Late last week the Centers for Disease Control (CDC) gave updated guidelines about mask requirements for vaccinated people. Clearly, this is good news and a big sign that we are making progress in the fight against Covid-19. But does the market care, or was this already baked into the cake? We have … Read more
Hey Market Pilots, The market spent all day Wednesday beelining downward to the daily 50 simple moving average (SMA). This happened after there was an extremely fast move to the upside in late March and then a very choppy April. After that, the “sell in May and go away” adage kicked in. In the Moxie … Read more
Hey Market Pilots, Mother’s Day was over the weekend and I hope all the mothers out there got the acknowledgment they deserve and a nice casual day. For my mom, we decided to go out in the new boat that we just purchased and get some much needed fresh air and family time. In Washington, … Read more
Hey Market Pilots, This market has been one of the more challenging ones I can remember and the most bewildering, too. I say this because if we were to simply look at the indexes, we would think the market is doing really well where names are trending and setups are prevalent. But if you step … Read more
Hey Market Pilots, Once again, my rule of waiting until the day after the Federal Open Market Committee (FOMC) minutes release worked again. It was a little trickier this time as the market opened with a gap up the next morning and seemed as though all was going to be well. But the market proceeded … Read more
Hey Market Pilots, The Federal Open Market Committee (FOMC) minutes were released yesterday and when this happens, sometimes the market can get very “exciting”. The excitement comes in because we don’t know how the market is going to react to the sentiment from the Fed. Often, I’ve found, it’s not the moves two hours directly … Read more