The Federal Open Market Committee (FOMC) followed through with plans to raise federal funds interest rates by 75 basis points, and the market didn’t like it. After a few wild moves in both directions on Wednesday after the announcement, the downside was chosen and the market ended on the lows. I think it is clear that we should expect lower prices. The question is what path will it take? Let’s take a look at the potential aftermath: The FOMC plans for fighting inflation are a big topic and monetary policy … Read more

This month, it is notable that the monthly squeeze histogram in the S&P 500 (SPY) has moved negative. In addition to that, the SPY has broken two trend lines and a price support area. The trend continues to the downside, and it’s just a matter of what path the SPY will take on its way south. Let’s take a look at these interesting development in the SPY where something is coiling up to happen: Traders need to understand what is happening when indexes, sectors, and stocks break trend lines as … Read more

After one of the biggest down days on Tuesday, the market has since held and flagged for the day. Zero follow through to the downside so far. Will Thursday continue down or will there be a surprise upside move? I mention this because the put/call ratio is super high and the SPDR S&P 500 ETF Trust (SPY) is holding some moving averages. Time will tell, but we have some events coming up that could both hold and move the markets. Let’s take a look at how this might play out: … Read more

The move up in the market last week made sense and I was communicating to the Moxie Indicator™ Mastery subscribers that I wanted to see higher prices in order to short into the pattern. This was because much of the market got very oversold after about a three-week plunge. So we got the bounce, but I believe the overall trend of the market is lower and I am viewing this as a shorting opportunity, eventually. Let’s look at the charts: When looking for a bounce in an oversold market, traders … Read more

Hey Market Pilot, After a very heavy couple of weeks, the market has found some support and is now trying to figure out what to do next. Based on typical Moxie Indicator™ patterns and rules, if we get a bounce, it would set us up for an Inverse Trampoline on the hourly time frame. So unless you can find some quick long opportunities, I am only interested in lining up some shorts. Let’s go a little further in the video: When looking for a bounce in an oversold market, traders … Read more

Hey Market Pilot, Friday was quite the roller coaster of a day and I was very happy to not have taken any swing trades. But for those of you who day trade, this was an excellent opportunity and I will show you how the Moxie Indicator™ guided you in and out of the big move. Traders need to stay focused on the latest market influences to understand how the market and individual stocks move. Combine market signals with the Moxie Indicator™ Mastery Program and traders have a flight plan in … Read more

Hey Market Pilot, As we head into a new month, we are seeing similar patterns set up from recent history in the SPY. Oftentimes, we talk about this pattern in a bullish sense. Since we’re in a bear market, we’re observing a pattern where price bounces toward the daily 50 simple moving average (SMA) and continues lower. Since the market is a bit extended, we could see price bounce at the 50 SMA but ultimately head lower. The Moxie Indicator is telling us the market will likely head lower. On … Read more

Hey Market Pilot, Friday was a massive day for the markets. Federal Reserve (Fed) Chairman Jerome Powell was no dove during his speech to kick off the day. He referenced history and said the Fed needs to get inflation under control and will keep tightening. Let’s take a look at how the announcement kicked off selling and where price might be going. Traders need to stay focused on the latest market influences to understand how the market and individual stocks move. Combine market signals with the Moxie Indicator™ Mastery Program … Read more

Right now many traders only see “gloom and doom” in the market… And this year has been extremely challenging. But I want to instead focus on where I’m finding opportunities. Because despite what you hear lately, there’s actually a silver lining for active traders. For example, the Consumer Price Index (CPI) increased 9.1% recently and inflation is at a 40-year high. The S&P 500 went through its worst start since 1970, falling 21% since January. But here’s the thing… Half of the S&P’s strongest days in the last 2 decades … Read more