Seasonality may have been pushed off for September with the rate cut. Now that the month has closed, and the election is looming, perhaps this is when things really start to get shaken up. Your Profit Pilot, TG Watkins Click here to become a Moxie Indicator™ Mastery Program member and receive my daily market analysis and … Read more
When does seasonality become a self-fulfilling prophecy? We may find out this week if the market gets weak. Let me show you some clues that are starting to appear, so we can be better prepped for any trap doors that may suddenly open. Your Profit Pilot, TG Watkins Click here to become a Moxie Indicator™ … Read more
There was a little larger than initially expected rate cut from the Federal Reserve on Wednesday. So, does this indicate something we don’t know? Or are they really feeling that it is right for the economy, and they are dialing back from being overly aggressive? I discuss some of his comments during the Q&A which … Read more
There are a couple of big items for the market on Wednesday, so it could be a volatile couple of days. What will Powell decide about a rate cut? What will the market think of it? And will it throw off this bullish track that the market is currently on? Your Profit Pilot, TG Watkins … Read more
Wednesday was a wild day in the market where there was hard selling in the morning and then a rip-your-face-off rally for the rest of the day. This is a good reminder that some of the biggest up days are in downtrends. So, does that mean the downtrend is still intact, or does this change … Read more
Let’s step back and take a look at the bigger picture to determine what could be in store for the market over the next few months. The uncertainty of the election could be a damper on the indexes, while certain individual stocks could still do well. Your Profit Pilot, TG Watkins Click here to become … Read more
The market was pretty uneventful on Wednesday with a small move up and then a drift lower for the rest of the day. With the SPX sitting on its Daily 50 Simple Moving Average (SMA), I am inclined to look for a tradable bounce, but what comes after the bounce? Your Profit Pilot, TG Watkins … Read more
The market continues to trade in a range. The September seasonal weakness is sure making itself known today with a stiff selloff on the first trading day of the month. So, is there more that we need to worry about or is this just the market resting before finding its footing? Your Profit Pilot, TG … Read more
NVDA earnings came and went with a whimper. There was no big action in either direction, so the market makers were the winners. The indexes are up, though, so I continue to lean bullish. But with the three-day weekend ahead of us, what will they do next? Your Profit Pilot, TG Watkins Click here to … Read more
The market has had a wild ride over the last few weeks, and a rest is well earned. The SPY and QQQ have been pulling back, mostly due to the Mega Caps; however, the DIA and IWM are looking solid. Each sector is taking its turn leading, but the overall picture is up with some … Read more