Hey Market Pilot, Let’s go back in history to look at the ’70s and when inflation was a big deal. Since we are in a similar period of inflation and QT (quantitative tightening), I thought it would be good to look back at that era and see what the charts looked like so we can better understand what we might be experiencing in the coming years. Will there be a bullwhip effect as the Federal Reserve (Fed) chases inflation? Let’s take a look… Traders can learn a great deal by … Read more

Hey Market Pilot, Price always comes back to the mean. The question is when, and right now we are witnessing the gap between price and the monthly 10-day simple moving average (SMA) getting filled. Outside the S&P 500 (SPY), numerous other names have done the same or better on this short squeeze frenzy. The other side of this, however, is that typically price gets rejected at the monthly 10-day SMA. I show how this looks and it is something to keep in mind as the indexes near upper resistance. Join … Read more

Hey Market Pilot, The U.S. Consumer Price Index (CPI) numbers came out well below expectation and caused the market to rally. This continued the short squeeze the market has been in for a couple of weeks. I was looking for a slight dip to the 21-day moving average,  but since that didn’t happen, what might we expect going forward? I show three different charts which might provide a visual for what the S&P 500 (SPY) could do next. Join me as we follow the short squeeze and how the market … Read more

Hey Market Pilot, We are seeing the market slow down on its upward progress as we approach a market sensitive piece of data: The U.S. Consumer Price Index (CPI) set for release on Wednesday. I feel that regardless of what the raw number comes out as, there will be some excuse to get the market to drop and pullback. For now, I will view that as constructive since the market has had a really big run and things are getting frothy on the long side. Let’s see how it pans … Read more

Hey Market Pilot, The market has been grinding higher after it survived the last week of big news and earnings events. We have been able to hop on that train, but at this point, I think it is wiser to wait for the next pullback opportunity to get some fresh long positions. Join me as we grind through the volatility of this market and trade around key economic events using the Moxie Indicator™ Mastery Program that works through all the volatility. Check out the market direction today! Your Profit Pilot, … Read more

Hey Market Pilot, This market is on again-off again as much as the ice cream machine at McDonald’s (MCD), a stock that is mirroring market chop. Take a look at this video where I use MCD as an example of a choppy stock that follows a variety of moving averages at different times. It might seem very complicated to point out and identify when the trend is working or not, but here you can see there are a few tips to look for when you find yourself in a similar … Read more

Hey Market Pilot, While it might seem counterintuitive, the market moved upward strongly after the FOMC raised rates 75 basis points (BPS). The market likely considered it good news that the FOMC did not raise rates by 100 BPS. This is a narrative I have been discussing for a couple weeks now. All of this data has been baked into the cake, and the markets are looking to revert to the mean of higher time frame charts.  It won’t be clean or easy, but I think we should look for … Read more

Hey Market Pilot, There are a few economic events in focus that will impact the rest of the week’s price action that I want you to be aware of. First, we have the Federal Open Market Committee (FOMC) press conference on Wednesday afternoon. On Thursday morning, the Gross Domestic Product (GDP) numbers will be released, which will give insight into the potential “recession” rumors. I suspect the markets will be “quiet” leading up to these events. “Quiet” could also mean a pullback, since traders could be taking risk off the … Read more

Hey Market Pilot, The market has been working its way upward as I detailed in the last video. This movement probably won’t be a smooth ride, or a fast one like some of the other short squeeze rallies we have seen, so we need to be okay with a choppy move higher. Perhaps that is why the UVXY (Ultra VIX Short-Term Futures ETF) is staying tight despite the market moving up rather quickly the last few days. Or maybe there is something lurking that will shake the market a little. … Read more

Hey Market Pilot, Despite a couple of bumpy days, the market held up after hotter Consumer Price Index (CPI) and Producer Price Index (PPI) numbers last week. Could there be a bounce coming? Prices don’t like to stay away from moving averages for too long. Let’s look back at the weekly chart and get some ideas for what a spike higher might look like and how far it could go. Learn how we’re balancing the ups and downs of this market using the Moxie Indicator™ Mastery Program that works through … Read more