In this video I review a few exchange traded funds on the higher time frames. You can see there is a lot of volume coming into them and they don’t seem to want to go much lower. This doesn’t mean they have to go bullish, but we should keep context in mind to balance out bearish sentiment out there. Let’s take a look: Just wanting to send out another reminder about this free presentation I shared. I presented a “Bull/Bear Market” update in the Simpler Trading Free Trading Room. Be … Read more

I was reviewing some historical mutual fund performance and I think we all know this as traders – the market tends to do well after pullbacks and corrections. Well, maybe 2022 was the bear pullback that laid the foundation for a positive 2023. Lets see what this example shows us: Just a quick note, I presented a “Bull/Bear Market” update in the Simpler Trading Free Trading Room. Be sure to watch the recording of the webinar with lots of material to learn from in this market. Historical market performance helps … Read more

Just a quick note, I presented a “Bull/Bear Market” update in the Simpler Trading Free Trading Room. Be sure to watch the recording of the webinar with lots of material to learn from in this market Today I want to point out VanEck Gold Miners ETF (GDX) and KraneShares CSI China Internet ETF (KWEB). I recently discussed them with the Moxie Traders as the first turn off the lows. More time is needed to confirm a long, but I am seeing progress and I think we should keep watching them. … Read more

One more day ‘till February is in the books and as long as the market doesn’t implode, it will probably stay over the monthly 10-day moving average (MA). This MA has been a line in the sand for me. The fact that the market is closing over this MA means there is some positivity. Of course nothing is guaranteed, but it’s certainly progress. Let’s see how this is working: Traders need to be aware of probabilities and possibilities. As this market keeps bouncing along, members of my Moxie Indicator™ Mastery … Read more

All last week I was guiding the Moxie Indicator™ subscribers into the idea that the SPDR S&P 500 ETF Trust (SPY) was likely to pull back and that the target would probably be the daily 50-day simple moving average (SMA). That target was hit Wednesday, and now we need to see if this area will be support or if it’s just another bounce in a downtrend. Take a look with me: Traders need to be ready for when the stock market bounces their way. As this market keeps popping higher … Read more

The Hourly Inverse Trampoline setups I had been seeing this week and cautiously pointing out finally triggered Thursday. The markets dropped Friday and I think they should continue, possibly to the SPDR S&P 500 ETF Trust (SPY) daily 50-day simple moving average. We never know how deep the pullback will be or how long it will last, but we should watch to see how individual names behave during this time to see if there are any relative strength candidates. See what I’m watching through the holiday-shortened week: Traders need to … Read more

We got the initial pullback to the daily 21-day exponential moving average (EMA) as I was expecting. Then I was looking for a pullback to the daily 50-day simple moving average (SMA) since the hourly Moxie Indicator™ is looking weak. But in case that doesn’t happen and price wants to flag, here is an example of what that could look like: Is the latest pullback enough or is there more to go? This market keeps throwing out challenges. Members of my Moxie Indicator™ Mastery Program learn how to combine fast-moving … Read more

So the pullback we were waiting for started Thursday. This raises questions about how far will it go, how long will it last, and will it be into strength or weakness? Whatever that may be, there are opportunities out there in both directions as we cashed in a nice short trade on Hut 8 Mining Corp (HUT). Is the pullback what traders have been waiting for in this stock market? There is a lot to watch this week. With market ups and downs, members of my Moxie Indicator™ Mastery Program … Read more

We had a strong five to six weeks in the stock market and it’s due for a rest. I am seeing participation start to fall off and not a lot of setups jumping out at me. So let’s give the market some time to reset and refresh. Let’s look at the distance from the average true range and the weekly chart on Tesla, Inc. (TSLA): Is the stock market tiring or will price action gain momentum into the spring? There is a lot to watch – central bank speeches and … Read more

The market had a nice move up due to the Federal Open Market Committee (FOMC) meeting last week. Gold (GLD) did go, but it was a trap. GLD had already been running for a very long time and was not in a good place to go long. Here I will show you all the things that the Moxie Indicator™ system had which told us why GLD was a poor long. Let’s review: How will this stock market play out after a week of back-and-forth? Outside news events – central bank … Read more