Hey Market Pilots, As a trader, I have grown accustomed to having access to my money and the ability to liquidate my positions at a moment’s notice. It’s a major factor in why I like trading as an investment vehicle. I don’t have to wait for someone to be interested in my property, worry if … Read more
Hey Market Pilots, The last week’s worth of market movement has been intense in both directions and driven based on two different statements from the same person: the Fed chairman, Jerome Powell. It began on May 12th when Powell said in an interview that the recovery of the economy was going to be longer and … Read more
I’ll be honest, I was feeling FOMO (fear of missing out) last week and this week. Numerous stocks were popping from earnings reports, which is a whole different article, and stocks like AAPL just kept grinding upwards. I had several subscribers ask me my opinion about AAPL and where it was going to go. I … Read more
All week the market had crawled up no matter what news came out about the economy or virus. We all have first and second hand experience about what damage is being caused along with the ripple effects that are waiting in the wings.
“The market can stay irrational longer than your account can stay solvent.” I love this phrase for so many reasons. I say it to myself anytime I just can’t believe what the market is doing — when things simply don’t make sense or I wonder just how much further this can go or how much … Read more
The markets this week have started off strong after last week’s dip and consolidation. Many, including myself, were looking at the short side last week since the S&P (SPY) was coming into a down trending daily 50 Simple Moving Average (SMA). Often this Moving Average (MA) is significant and results in a hard bounce or … Read more
As I embarked on my path to becoming a trader, I would come across phrases and euphemisms that didn’t really make sense to me. Quite similar to how Luke Skywalker felt and looked when Yoda was talking to him.
This week alone, I have heard the Trade War between the US and China was both close and far from being completed. Or was that just the Phase One portion? Wait, Phase One? When did that become a thing? I have been interviewed by two different media outlets a few weeks apart and each of … Read more
I would venture to guess that most of you know and remember TiVo. For those of you who aren’t familiar with it, TiVo came out in 1999 and allowed us to record live TV so we could watch it later with the added bonus of being able to fast forward through commercials. The fast forwarding … Read more