The U.S. Consumer Price Index (CPI) report came out today, but landed on expectations so the market had a muted response. Not a bad thing, but the market had already been up for a few days and was at resistance. I think we can go higher, but I would love to see a flag or … Read more
The market was in a range for about three weeks, and then decided the data in the U.S. Labor Department nonfarm payroll report was bullish. There appears to be strength out there in many names, although you need to find them since so many other names are still hibernating or sinking. The SPDR S&P 500 … Read more
The SPDR S&P 500 ETF Trust (SPY) is going on its third week of sideways action. Is it bullish or bearish? This opens up lots of questions: Don’t short a quiet market? Are buyers not interested in it at all? It’s difficult to say I have any strong clues right now, but I find the … Read more
The market continues to be weak as 2022 draws to a close. Some of it could be tax loss selling, but this has persisted for a few weeks. The market is not strong, but I would also be looking for a bounce at some point. Right now, I think the bounce would be shortable, but … Read more
Today I will show you a quick overview of how to scan with the Moxie Indicator™ and ways that it can help you find stocks in the type of conditions we are looking for in this holiday market. Let’s get a mix of scans: Expect more uncertainty as the stock market moves toward the end … Read more
Last week’s giant U.S. Consumer Price Index (CPI) move put the indexes into what I call “Inverse Trampoline” moves. This is when price is over the 50-day simple moving average (SMA) and the Moxie Indicator™ is below zero. This is a bearish signal that followed through after the Federal Open Market Committee (FOMC) event midweek. … Read more
Less active market during a Federal Open Market Committee (FOMC) meeting on Wednesday than what we normally see. Perhaps the U.S. Consumer Price Index (CPI) took its thunder the day before? The market has shown signs of getting stronger, but I am looking for a pullback or “refresh” to help kick it off. Let’s take … Read more
Tuesday we have the U.S. Consumer Price Index (CPI) numbers coming out and then Wednesday is the Federal Open Market Committee (FOMC) meeting. While most of us have expectations of what is coming, the reaction of the market will be what is important and telling. Going into these reports I am laying low and only … Read more
Based on my typical Moxie Indicator™ price patterns, I would expect the SPDR S&P 500 ETF Trust (SPY) to head to its daily 50-day simple moving average (SMA). After that, we need to assess whether the market is bullish or bearish. The bullish case could be that the slowing of interest rate hikes news kicks … Read more
Ever since the bear market started, I have been using the monthly 10-day simple moving average (SMA) as a guideline. If the SPDR S&P 500 ETF Trust (SPY) is under it, we are bearish. If over, bullish. Well, with Federal Reserve Chairman Jerome Powell’s comment last week about slowing benchmark interest rate hikes at the … Read more