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

Hey Market Pilot, Another hot Consumer Price Index (CPI) reading on Wednesday, but the markets reacted very differently than the last time the numbers were released. Perhaps this indicates that traders are hedged better, or that too many people are on the bear side of the market. Either way, I think we should cautiously take note of how things responded to the CPI and that high inflation might be getting priced into the equation. Take a look at what we’re seeing as this market tosses and turns: Important data releases, … Read more

Hey Market Pilot,While the market appears to be near term bottoming, let’s look at some other stocks that are ahead of the curve. Zoom Video Communications, Inc., (ZM) and Zscaler, Inc., (ZS) have been moving upward for a few weeks, but they have been messy as they oscillate from highs and lows. This could make trading them tricky and confusing, but if you add some trendline signals the story changes and may add some clarity. Here is what that looks like, and don’t be afraid to draw on your charts. … Read more

Hey Market Pilot, Copper was once known as the “metal with a PhD” because it was a good measure of economic growth since the metal was used widely in the building process (houses, commercial buildings). The price and consumption of copper had a fairly linear correlation to how much building growth was happening. This was also a signal for economic growth. Now that the world is in the technology age, are semiconductors – computer chips in all devices – the new indicator for economic growth? There is so much happening … Read more

Hey Market Pilot, Happy 4th of July! While there is a lot of talk about the markets being so oversold that we should get a bear market rally, I don’t see the spark to light the kindling yet. The SPY has been going sideways for a couple of weeks now and there are potential signs of a bullish setup. But as I show with other tickers, this could all end up being bear flags as price goes sideways into down trending moving averages like the 50-day simple moving average. Be … Read more

Hey Market Pilot, Market volatility hasn’t subsided and I’m constantly watching for setups where timing and price open up opportunities to grab a more “normal” trade. The Moxie Indicator™ has been the workhorse for helping find these potential trades. Getting timely alerts helps balance working through both bullish and bearish moves in real-time. Uncertain market movement – like the gap down today to close the quarter – requires traders to have plans for real-time entry and exit setups. Learn how my Moxie Indicator™ Mastery Program gets this done. Take a … Read more