Whether it’s a short squeeze or more buying, the market went up a few minutes after Federal Reserve Chairman Jerome Powell started speaking Wednesday. He highlighted the end of the Federal Open Market Committee (FOMC) meeting this week. Yes, there might be really negative economic data coming sometime in the future. But we don’t know how much of that the market has already priced in, and it might take time for it to kick in. So if the market wants to go up, we ride it and deal with the … Read more

The SPDR S&P 500 ETF Trust (SPY) is starting to run into a previous high and all eyes are on it for signs of the bear to return. But if the SPY can hold up and even go sideways like the SPDR Dow Jones Industrial Average ETF Trust (DIA) did, then that can be considered strength and a green light for other tickers that are ready to move up. Of course things can change, but a lot of stats point to a strong year if January is positive following a … Read more

Microsoft Corp. (MSFT) had earnings and they were all over the place. Ultimately it opened with a big gap down, which got entirely bought back up. For now, I am seeing bullish signals and we will have to see how long this can run. Watch the video for more details: Will the market continue this upward swing? The stock market continues to sort through a variety of outside influences and now earnings season reports that can influence price action. How do you trade this market with this uncertainty? Members of … Read more

The market continues to improve and there are many historical stats that say if the first five days of the year and the first month of the year are bullish, that bodes well for the rest of the year. Of course we don’t know the path, but things are looking decent out there and I am seeing a lot of names already trying to base and rise. Let’s take a look at what we might expect: Will the market continue this upward swing? The stock market continues to sort through … Read more

The stock market finally got the pullback we’ve been looking for. The question now is, “How far down will the market go?” We’re seeing a lot of participation in the market, so let’s discuss where we’re looking for price to go next. Let’s review this new market environment: Will the market continue this downward cycle or can it rally once again? The stock market continues to sort through a variety of outside influences and now earnings season reports that can influence price action. How do you trade this market with … Read more

The U.S. Consumer Price Index (CPI) report came out today, but landed on expectations so the market had a muted response. Not a bad thing, but the market had already been up for a few days and was at resistance. I think we can go higher, but I would love to see a flag or pullback to help make that happen. If price continues to grind up without a pullback, it will make it more unstable and quicker to roll over once it decides the upside is over. Let’s review … Read more

The market was in a range for about three weeks, and then decided the data in the U.S. Labor Department nonfarm payroll report was bullish. There appears to be strength out there in many names, although you need to find them since so many other names are still hibernating or sinking. The SPDR S&P 500 ETF Trust (SPY) has resistance overhead that has worked four prior times, so we need to keep our guard up. The U.S. Consumer Price Index (CPI) report is on Thursday and that could also bring … Read more

The market continues to be weak as 2022 draws to a close. Some of it could be tax loss selling, but this has persisted for a few weeks. The market is not strong, but I would also be looking for a bounce at some point. Right now, I think the bounce would be shortable, but we need to be aware of sideways action too. Enjoy the holiday season and some time off if that’s what you are up to, and we will see you in 2023! Your Profit Pilot, TG

Today I will show you a quick overview of how to scan with the Moxie Indicator™ and ways that it can help you find stocks in the type of conditions we are looking for in this holiday market. Let’s get a mix of scans: Expect more uncertainty as the stock market moves toward the end of the year. How do you trade this market through the holidays? Members of my Moxie Indicator™ Mastery Program learn how to combine fast-moving signals and track movement as the market flips and flops in … Read more