Hey Market Pilots,With the big move down in the markets toward the end of last week, price got stretched and when this happens there is always a bounce at some point. The first bounce is usually pretty easy to spot, but the real question is what happens after this point. In the screenshot below, you can see that there was a gap between price and the daily 8 exponential moving average (EMA). Price doesn’t like to be too far away from moving averages for too long, and the 8 EMA … Read more

Hey Market Pilot, We had the Federal Open Market Committee (FOMC) release its minutes yesterday, June 16 Market reaction caused the dollar to move up strongly and precious metals were hit with a sell-off. Then we woke up today to find each of those moves continued in extreme fashion overnight. The extent of the moves is surprising, but the fact they are doing what they are doing is not as I had been guiding the Moxie IndicatorTM subscribers about these in detail over the last few weeks. The dollar had … Read more

Hey Market Pilot, A few weeks ago numerous names were starting to shape up exactly as I needed them to take advantage of this market. It was exciting to see them come alive in the Moxie IndicatorTM way and I began telling my subscribers about them. Because I have definable setups and patterns, I could instruct them as to what phase of the setup tickers were and generally what to expect. This way, when the move started to gather some steam, we all knew when to exit with a profit … Read more

Hey Market Pilots, Stock trading is an interesting profession we choose. We know all the perksㅡ wealth, no boss, freedom to work when you want, etc. But it is also one of the crazier professions we could try and get into. The market is definitely neurotic and probably one of the last places where wild west shenanigans can take place and it’s still accepted. Sometimes the market can be a thing of beauty and work out exactly as planned. But oftentimes it’s an erratic mess of price movement that is … Read more

Hey Market Pilots, The markets have been difficult for my style of trading over the last few months as the high momentum, high beta names all took a beating. Week after week I kept trying to figure out where the bottom was and when we could play the long side again. The setups I usually take weren’t working, and that was just a sign the tickers weren’t ready for the long side. Then, early last week, it all changed. I have a vacation planned for next week, but the market … Read more

Hey Market Pilots, This weekend is a longer one as we get to celebrate on Memorial Day and remember those who have served our country. I hope the weather is nice for you to take some time and enjoy the beautiful landscape this country has and what it is we strive for daily.  I come from a long line of men who have served. Both my grandfathers and my dad were in the U.S. Air Force and my uncle was in the U.S. Navy. This weekend I will be spending … Read more

Hey Market Pilots, February 16 was the day the music stopped for the high beta names that made me millions last  November. It was a wonderful time as the fear of missing out (FOMO) was in full force and investors were trying to chase the agenda of the new presidential administration. Since then, those names that also make up all of the Ark Innovation (ARK) exchange traded fund (ETF) have been dwindling month after month. How far down would they go? Would they ever come back? Was this a one-time … Read more

Hey Market Pilots, The market has been changing character lately. I have been able to find setups, but they only last one to three days and then it all gets given back. There is less and less of a trend to the upside as it appears tops are starting to form. Then, looking around the market, I notice many names are starting to fall below their key moving averages and stay there. One of those names I have been watching as a good example is Disney (DIS). When looking for … Read more

Hey Market Pilots, The market has been on a tear since the Covid-19 low back around mid-March of last year, but there have been some levels where the market has become volatile and run into resistance. Many of those areas coincide with Fibonacci (Fib) levels, which I think is fascinating. I always wonder if Fibonacci points have become a self-fulfilling prophecy much in the way that the adage of “sell in May and go away” has become its own self-fulfilling prophecy. As far as average true range (ATR) levels go, … Read more

Hey Market Pilots, Late last week the Centers for Disease Control (CDC) gave updated guidelines about mask requirements for vaccinated people. Clearly, this is good news and a big sign that we are making progress in the fight against Covid-19. But does the market care, or was this already baked into the cake? We have seen similar news situations in the past where some headline “revelation” came out which should have been great for the market and the economy based on its opening up or progress to getting back on … Read more