Hey Market Pilot, Once again the Federal Open Market Committee (FOMC) held a meeting. How will this influence the market this time? A few years ago the release of their minutes would mean wild volatility immediately and usually into the daily close. But over the course of time, that volatility has morphed into a relatively … Read more
Hey Market Pilot, It seems like we are in the time of one-day pullbacks. Despite “bad breadth” and the indexes being held up by a handful of names, all we needed was one stiff day to the downside and that provided enough of an opportunity for buyers to step in and buy the dip ─ … Read more
Hey Market Pilot, The market has had a few wild swings lately. While the down move was the easier one to catch, staying out of the market during times like these can be a wise option, too. As traders we certainly have an urge and itch to always be in the action and making trades, … Read more
Hey Market Pilots, We finally got the pullback I have been looking for, but this is only the beginning. We had a dip on July 8, but that dip was bought and price did not get rejected by the 15-minute, 50 simple moving average (SMA). This moving average is what I use to initially see … Read more
Have you heard this? “The market can stay irrational longer than you can stay solvent.” This idea sure seems to be ringing true for anyone trying to short the market lately. I am also in the “how is the market staying up” camp, but I have made it a general rule of mine to not … Read more
Hey Market Pilots, The old saying “you can’t see the forest through the trees” means that sometimes you are too close to see the bigger picture. When you are in the middle of the trees, you can only see for a short distance and you don’t know if you are in a massive rain forest … Read more
Hey Market Pilots, The weeks leading up to the 4th of July are typically seasonally bullish and this was true for the S&P 500 (SPY) and Invesco QQQ (Nasdaq exchange traded fund), and a handful of stocks. But for the rest of the market, we actually saw a lot of names sink to the downside. … Read more
Hey Market Pilots, Good news, the S&P 500 (SPY) and Invesco QQQ (Nasdaq exchange traded fund) have been hitting new all-time highs. This reinforces the stance I had that the SPY move down in mid-June was just a dip. It was a little intense at the time, but I definitely wasn’t communicating anything bearish to … Read more
Hey Market Pilots, It has been a long few months since we have seen the small caps set up strong. The Moxie IndicatorTM subscribers had a really great run with small caps from November to February and then they all pulled back. Some small caps really imploded ─ or at least that’s what it looked … Read more
Hey Market Pilots, Timing is pretty important in trading. I am sure it is even more important when dealing with options since they have a specific time value associated with them. Either way, you can be right about a trend or the overall performance of a stock, but if you enter or exit at the … Read more