While we might have seen peak inflation, we might be coming into a time of sticky inflation. This is a time when inflation will stay elevated, which means the Fed will continue on its hawkish path to keep rates higher for longer. The Fed has tools to fix and stimulate a down economy, but they … Read more
Another crazy event this week involving the Federal Open Market Committee (FOMC). Chairman Jerome Powell remained hawkish and the market responded. In typical FOMC manner, the first market move was very strong and happened to be upward. Then, after about an hour, the buzz wore off and the market realized Powell wasn’t messing around and … Read more
The bumpy ride from earnings season last week will probably continue as traders await the Federal Open Market Committee (FOMC) meeting results on Wednesday. A 75 basis point raise in the benchmark interest rate is expected, but then we need to see how Federal Reserve Chairman Jerome Powell guides the central bank going forward. Will … Read more
The market has been moving up since Friday on the news of the Federal Reserve (Fed) possibly getting easier with interest rate raises. But can that last, and is the market really accepting it? According to TSLA, MSFT, GOOGL, and now META, there is more weakness out there and we need to respect that. Let’s … Read more
Now that time has passed, I want to show how the Moxie Indicator™ worked exceptionally well with Apple, Inc. (AAPL) for both the long and short direction. The moves incorporated the exact same setups and principles for each direction. Come check it out and see if the Moxie Indicator™ can help you with your trading. … Read more
It seems to me the market is going to drift upward, but the path is unclear. And while we could look to play the bullish side, I think the bigger move will be down once the SPDR S&P 500 ETF Trust (SPY) and its daily 50-day simple moving average (SMA) meet. Let’s review this wild … Read more
Following up from the newsletter I put out before the U.S. Consumer Price Index (CPI) report, my expected direction of lower was correct. And then the short squeeze kicked in. A burner of a day for the shorts had them on the run as price rose all day long. Was it going to last? Was … Read more
Since I recorded this a day before the Consumer Price Index (CPI) report, let’s see how things unfolded from where they were before. The market looks heavy and it would make sense to keep dropping. The only thing that would get it to pop is a surprise CPI, and then we don’t even know if … Read more
The stock market closed last week at the June lows and at a very critical spot with the pullback Friday. Can it hold for now and move to a bear flag to the upside for a while? Or will the market fall apart from here? In case the market moves to some strength, there are … Read more
It looks like the market developed an undercut and rally with the SPDR S&P 500 ETF Trust (SPY) midweek, and that would also be defined as a “bear trap” since we closed on the lows Friday then reversed on Monday. Some indications that there could be more upside with the market comes from the Volatility … Read more