Let’s go back this year and look at how the Volatility Index (VIX) and the S&P 500 (SPY) have lined up. The correlation is pretty strong, plus the lower trendline on the VIX has done well. This indicates to me that you need to be very careful on the long … Read more

The market got really overbought from the straight up two-day move after a cooler U.S. Consumer Price Index (CPI) report. I have been expecting the market to pull back or flag in order to fix that condition, and it seems we are getting that. I am not sure how much … Read more

After a big 2-day move from the Consumer Price Index (CPI) report, we are looking for signs to indicate whether the long side of the market is real and sustainable or if this was a big short squeeze. I believe we are still in a bear market and the bottom … Read more

The U.S. Consumer Price Index (CPI) came in at +0.3% instead of the expected +0.5% and the market is popping on this cooler than expected reading. Is this a legitimate move? Is the market going to have a bull run and will the Federal Reserve now pivot? Still too early … Read more

While we might have seen peak inflation, we might be coming into a time of sticky inflation. This is a time when inflation will stay elevated, which means the Fed will continue on its hawkish path to keep rates higher for longer. The Fed has tools to fix and stimulate … Read more

Another crazy event this week involving the Federal Open Market Committee (FOMC). Chairman Jerome Powell remained hawkish and the market responded. In typical FOMC manner, the first market move was very strong and happened to be upward. Then, after about an hour, the buzz wore off and the market realized … Read more

The bumpy ride from earnings season last week will probably continue as traders await the Federal Open Market Committee (FOMC) meeting results on Wednesday. A 75 basis point raise in the benchmark interest rate is expected, but then we need to see how Federal Reserve Chairman Jerome Powell guides the … Read more

The market has been moving up since Friday on the news of the Federal Reserve (Fed) possibly getting easier with interest rate raises. But can that last, and is the market really accepting it? According to TSLA, MSFT, GOOGL, and now META, there is more weakness out there and we … Read more

Now that time has passed, I want to show how the Moxie Indicator™ worked exceptionally well with Apple, Inc. (AAPL) for both the long and short direction. The moves incorporated the exact same setups and principles for each direction. Come check it out and see if the Moxie Indicator™ can … Read more

It seems to me the market is going to drift upward, but the path is unclear. And while we could look to play the bullish side, I think the bigger move will be down once the SPDR S&P 500 ETF Trust (SPY) and its daily 50-day simple moving average (SMA) … Read more