Hey Market Pilot, We have seen wild swings in all directions over the last few weeks… Such action requires good traders to step back and analyze the “big picture” of market volatility. Right now, I’m looking for trends and patterns that will show me which way this market might sway. Check out this video (posted … Read more
Hey Market Pilot, We had an energetic move higher over the last two weeks which started the day before the Federal Open Market Committee (FOMC) meeting and carried on past operating expenses (OPEX), partly due to a large amount of put options expiring. Much of the talk right now is about how strong this market … Read more
Hey Market Pilot, I think this week we are all wondering the same thing: Is the big move up the bullish sign we have been waiting for, or is it just a bounce in a downtrend and we should short it? We don’t quite know that answer yet, but I will give you a few … Read more
Hey Market Pilot, I use the phrase “not my trade” fairly often when my Moxie Indicator™ members ask me about stocks that moved and why I didn’t go in. Firstly, there are thousands of tickers out there moving in their own way, and I can only trade around 10 of them at a time. This … Read more
Hey Market Pilot, As a primarily end-of-day trader, there are often times in the middle of the day where I step away from the market. That is why a major component of my trading style involves setting stops. I do this with almost every trade I take in order to protect my account from unexpected … Read more
Hey Market Pilot, The market is not healthy and we know that. Apparently, so many people know that the put/call ratio is super high and not backing down yet. With the wall of worry being more like the side of a skyscraper, it seems logical that the market closed in a weak way on Friday. … Read more
Hey Market Pilot, The market is all sorts of weird and special right now. Since the indexes are a mess and not trending, this means there isn’t a strong overall force helping to guide stocks. This in turn means that many stocks are free to move how they please and can be pushed all over … Read more
Hey Market Pilot, The indexes continue to be weak, and I thought we might be getting to a point where markets were looking oversold. The kind of oversold that anything viewed as positive news might set off a short-covering rally. So far that hasn’t happened, but I am on guard about it just in case. … Read more
Hey Market Pilot, I was on the mic in my Moxie Indicator™ Mastery room, and as I was going through the various sectors of the market, I made the comment that trading is a bit like detective work. I felt this way because I was investigating several different components of the market to uncover the … Read more
Hey Market Pilot, In times like these, when the market is all over the place and heavily based on the current headlines, not all trades are worth the risk. In fact, most trades are probably not worth it until either a very clear setup is present, or a better direction is established. Here are a … Read more