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 volatility … 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

Hey Market Pilots, The market has been changing character lately and we know it. When this happens, there can be a lot of untradable time and you need to know what to do in this situation. Sometimes that means going down to lower time frames to be more nimble, or raising your time frame to slow things down. Some traders really love chop, flagging, or a stock that is range-bound because they can be very active. They can see where price is going to turn and enjoy taking a day … Read more

Hey Market Pilot, Happy President’s Day! Hopefully, you all are enjoying your three-day weekend away from the market and enjoying the life you have built for yourself. Some of you are spending it with friends or family, some are working on a hobby, and others are taking the extra time to do some research or OnDemand practice in the market. When I first think about President’s Day, what comes to mind is thinking about George Washington as our first president, celebrated on his birthday. Or thinking about the job our … Read more

Hey Market Pilot, The market took a big spill a few weeks ago which was a clear sign something had changed. It was such a big drop that price got seriously oversold and has since been crawling up from the abyss. But what does the bigger picture say? We have been seeing many “darling,” or at least formerly darling, stocks fall apart in ways that should be getting our attention. These aren’t just pullbacks or stiff corrections. These falling stocks are blood baths. Price has been decimated. Maybe some fell … Read more

Hey Market Pilot, Well last week was certainly an eventful week, wasn’t it? The consumer price index (CPI), Federal Open Market Committee (FOMC) members being hawkish, Russia, and I am sure there was more. I always find it fascinating how technicals can line up with the news events of the time, and last week was one of those. Despite all the crazy world events, the patterns in the market held up beautifully and we were not sucked in on the long side before the trap door opened. I had been … Read more

Hey Market Pilot, Technical analysis is about pattern recognition and knowledge of your indicators. For me, combining these two helps me prepare for what the market might do next so I can take advantage of it or get out of the way. Right now, I am seeing a familiar pattern with the Moxie Indicator™ show up on the Energy Select Sector SPDR Fund (XLE). I knew what it was telling me, but I wanted to see if I could find an example of that pattern that has already played out … Read more

Hey Market Pilot, As we begin another week in the market, sentiment remains all over the map. Unlike the last few years, the opening of 2022 did not turn into a strong bull run we were all hoping would take hold. Instead, we have been left with choppy, volatile conditions.  Where Are The Opportunities? Volatility often causes fear and can even encourage retail traders to stay out of the markets completely. However, through these unique conditions, I have found a formula that is allowing me to short for upward of … Read more

Hey Market Pilot, The other day I was hanging out in one of our trading rooms and a member was saying how exhausted he was with all the movement going on in the market. Movement itself isn’t bad if it is smooth and trending, but is not preferable when price goes wildly in both directions.  John Carter, Founder of Simpler Trading, was on the mic when the subscriber was telling us how mentally exhausted he was, and John called it “decision fatigue.” I thought that was a perfect description and … Read more

Hey Market Pilot, The poor breadth of the market is finally catching up to the indexes. I have written about this a few times over the last 10 months since the small caps broke in mid-February, 2021. Since then, there has been a deterioration of stocks all over the place while money came out of speculative names, moved into leaders, and finally into value names as the last resort. Now that the leaders are getting hit, what should we expect? What is occurring in the market is called a “Hindenburg … Read more