Hey Market Pilot,We have seen wild swings in all directions over the last few weeks… Such action requires good traders to step back and analyze the “big picture” of market volatility. Right now, I’m looking for trends and patterns that will show me which way this market might sway. Check out this video (posted above) to see a deep-dive into my thoughts. What I’m seeing is the notion that the market feels like it wants to be bullish, but it will need to move down before it can go back … Read more

Hey Market Pilot, We had an energetic move higher over the last two weeks which started the day before the Federal Open Market Committee (FOMC) meeting and carried on past operating expenses (OPEX), partly due to a large amount of put options expiring. Much of the talk right now is about how strong this market is, or that a bottom has been put in. This may be true for the near term, but I don’t think the absolute low has been put in and we need to be cautious that … Read more

Hey Market Pilot, I think this week we are all wondering the same thing: Is the big move up the bullish sign we have been waiting for, or is it just a bounce in a downtrend and we should short it? We don’t quite know that answer yet, but I will give you a few things to be aware of so we can have a little bit of an edge as time goes on and the charts reveal the details.  The first thing I want to note is that the … Read more

Hey Market Pilot, I use the phrase “not my trade” fairly often when my Moxie Indicator™ members ask me about stocks that moved and why I didn’t go in. Firstly, there are thousands of tickers out there moving in their own way, and I can only trade around 10 of them at a time. This means I am going to miss a majority of the moves that occur in the market. That’s ok and you need to be ok with it too otherwise you will drive yourself crazy. Some names … Read more

Hey Market Pilot, As a primarily end-of-day trader, there are often times in the middle of the day where I step away from the market. That is why a major component of my trading style involves setting stops. I do this with almost every trade I take in order to protect my account from unexpected action while I’m away. But how do you set them up correctly? While there are no defined “rules” for setting a stop, it does take a little bit of art, science, and personal preference to … Read more

Hey Market Pilot, The market is not healthy and we know that. Apparently, so many people know that the put/call ratio is super high and not backing down yet. With the wall of worry being more like the side of a skyscraper, it seems logical that the market closed in a weak way on Friday. In fact, one could argue that there has been a bear flag in the S&P 500 (SPY) in the last few days and that the market is about to fall to new lows. But that … Read more

Hey Market Pilot,  The market is all sorts of weird and special right now. Since the indexes are a mess and not trending, this means there isn’t a strong overall force helping to guide stocks. This in turn means that many stocks are free to move how they please and can be pushed all over the place.  Fossil Group (FOSL, pictured below) is a great example of the potential moves that can happen within a stock. In one sense, I can say that the idea of FOSL trending down has … Read more

Hey Market Pilot, The indexes continue to be weak, and I thought we might be getting to a point where markets were looking oversold. The kind of oversold that anything viewed as positive news might set off a short-covering rally. So far that hasn’t happened, but I am on guard about it just in case. Meanwhile, the majority of tickers have continued to sink lower and simply can’t find buyers to step into the mix. Here are a few winners to the short side we have had, and some other … Read more

Hey Market Pilot, I was on the mic in my Moxie Indicator™ Mastery room, and as I was going through the various sectors of the market, I made the comment that trading is a bit like detective work. I felt this way because I was investigating  several different components of the market to uncover the next direction and the next move to play. One of the market components in this case was the Ultra VIX Short Term Futures ETF (UVXY, pictured below). This exchange traded fund (ETF) is 3x leveraged … Read more

Hey Market Pilot, In times like these, when the market is all over the place and heavily based on the current headlines, not all trades are worth the risk. In fact, most trades are probably not worth it until either a very clear setup is present, or a better direction is established.  Here are a few examples (pictured below) of what keeps me on guard about getting into some trades despite the possible setup. And I say possible because as you will see, some of them just oscillate along the … Read more