Hey Market Pilot, As with most skills that are new to us and will take time to acquire, trading will involve many, many (did I mention many?) mistakes along the way. Those mistakes typically come in the form of losses, which can be draining on our psyche and our account. So let’s take a few … Read more
Hey Market Pilot, Today the markets will be closed in observance of Martin Luther King day. In addition to taking some extra time away from the markets and with friends, family, or hobbies, we should also remember what the holiday is about. I am sure we sometimes have a holiday and don’t give much thought … Read more
Hey Market Pilot, The markets are feeling pretty precarious lately. We know growth is out and the small caps are in trouble with the Russell 2000 ETF (IWM) looking like it wants to break down after going sideways for nearly 11 months. With interest rates going up in 2022, tech is experiencing headwinds. But we … Read more
Hey Market Pilot, There are lots of tickers that make it on my watchlist, despite the fact that I will probably never trade them. Why? There could be several reasons. Maybe I am using the ticker as a market gauge, or I just don’t like how it moves, but I want to learn from it. … Read more
Hey Market Pilot, The Federal Open Market Committee (Fed) came out and said that rate hikes may happen faster than they had been conveying initially. We all knew rate hikes were going to happen, and we even knew there were likely to be three of them in 2022. I am not sure when Wall Street … Read more
Hey Market Pilot, Welcome to 2022! It’s a new year, so does that mean we make a bunch of promises to ourselves which we will likely let fade away in a few months? Heck, maybe a few weeks? I like the notion of New Year’s resolutions, but I also know the reality of how making … Read more
Hey Market Pilot, So here we are, wrapping up 2021. For as much as 2020 was weird, we at least had an exceptionally fun time with an incredible market. With the world settling into a relatively new normal for 2021, the market shifted and has been very difficult to pin down. There are big changes … Read more
Hey Market Pilot, Welcome back to the final stretch of the year. It was certainly a turbulent few weeks leading up to the Christmas holiday, especially with that gap down on December 20. That gap down appeared to be what set the hook for a short-covering rally and the Santa Rally everyone was wondering about. … Read more
Hey Market Pilot, Merry Christmas and Happy Holidays! I hope you all are enjoying whatever special time you prefer to celebrate. I wish that were the market right now, with us in the middle of a Santa Claus rally, but the most we have gotten so far is some bouncing. Right now, the markets are … Read more
Hey Market Pilot, We continue to see the markets work themselves lower on the back of significant news and economic developments. Omicron (a Covid-19 variant) seems to be getting politicians panicked again and talk of lockdowns is increasing. The “Build Back Better” plan is on hold. Tapering has doubled. And there will most likely be … Read more