August was all about resetting the internals, which it accomplished rather quickly. We are starting to see many names, including the indexes, find support. So, I lean to the long side, but I think it will take time, and we need to be on guard for change in case the … Read more

The market finally had its first bounce from an oversold capitulation last Friday. It has been a long time coming, but it finally happened. Now we have to wait and see what the market does about a retest and if that retest is into support or not. After the market … Read more

The market has been nose-diving for a few weeks, and we saw what might be a capitulation day on Friday. We won’t know for sure until more time passes, but I see some of the clues that say it could be. Let’s keep watching and see if it pans out … Read more

The market has been super heavy for going on two weeks now, and still no signs of when this will get resolved. The internals have all cycled back down, and the Put/Call ratio keeps climbing. We will have to be patient here if you are long only. Right now is … Read more

The market has been pulling back for over a week, and many names are getting really oversold. A lot of indicators have cycled down as well. With the SPY coming into the Daily 50 SMA, I would look for a bounce. But be wary. I am only looking for a … Read more

Today I show you two identical patterns on two charts and two-time frames. See if you can say that 5 times fast. They happened to be bearish since the market has been pulling back, but the Moxie rules worked out beautifully on them. Check out two trades I’m in with … Read more

As the market continues to correct, I am looking for that first area of support where we can get a more substantial bounce. The internals look like they are getting ready to support an attempt, but the real question of market strength will be after that bounce. Will the market … Read more

It’s been at least a week in the making, but the pullback that I thought would happen late last week showed up in the middle of this week due to the Fitch downgrade of the US from AAA to AA+. That news just greased the wheels of what we have … Read more

The indexes are slowing down as they are in overbought territory, but beneath the surface, there continues to be a plethora of strong movers. Watch the video above for a possible trade setup on AMD. Also, check out my most recent trade below in VSTO using the Moxie Indicator! Be … Read more

The Federal Open Market Committee (FOMC) announcement was yesterday, Wednesday, July 26th. The Fed raised interest rates by another 25 basis points (BPS). This was expected, and the market seems just fine with it. What Federal Reserve Chairman Jerome Powell said in the Q&A was also apparently satisfying to the … Read more