Hey Market Pilots,How could I not write about the action that is going on with GME and all the other high short interest names? We have never seen a “coordinated” effort like this before where the little traders are taking on the big institutions and firms. I have “coordinated” in quotations because it’s all just a bunch of traders on social media coming up with an idea and they’re all actually doing it. Remember the flash mob craze a few decades ago? That sprung up because of people’s new ability … Read more
Hey Market Pilots, Let me say right off that this piece isn’t discussing any near term action in the markets, so if the market takes a dip, it’s well within the context of what I am writing. That said, I have been discussing how bullish on the market I am and you can watch the webinar where I give my reasons. In it I give a two-year time horizon for the renewed bull run we currently find ourselves in, but what then? Does the market just roll over and die? … Read more
Hey Market Pilots, “Buy the rumor and sell the news” is a common phrase in trading, but what does it really mean? This may seem remedial to those who know but remember, there was a time when you had to learn the meaning as well. The stock market is really good at pricing in news and accounting for what is to come in the future. This means that when the anticipated event actually arrives or comes to fruition, those in the know sell it to those who are just now … Read more
Hey Market Pilots, Have you prepped for 2021 and built a trading plan for how you will be taking advantage of the market’s opportunities? How do you plan to hear about the hot names and sectors which you should be mining furiously for those opportunities? Have you found a trusted source to help bring you to those trade ideas like a horse to water? If not, I would like to invite you to my free webinar today at 7:00 pm CT, where I will cover the areas I think you … Read more
Hey Market Pilots, One week into 2021 and the “excitement” hasn’t gone away. I won’t even begin trying to cover all the events which happened as we rolled into the new year, but I will tell you it has been great for the Moxie Traders. I have been getting many traders asking me for my outlook on the stock market in 2021, so I decided to put together a free webinar covering just that with “Kickstart 2021”. Come join, I don’t think you will be disappointed since the last webinar … Read more
Hey Market Pilots, The indexes have been a little difficult to read and interpret over the last few weeks. I chalk this up to back-to-back four day holiday weeks where traders are on vacation and volume is reduced, plus end of year shenanigans due to tax concerns. I wrote a newsletter the other week describing that while many names out there were getting pulled down into the end of the year, the indexes themselves were barely budging. I called it “Action Underneath the Surface” and it was interesting to watch, … Read more
Hey Market Pilots, Happy New Year!! 2020 has been a year for everything, good and bad, including the kitchen sink. Just because the calendar now says 2021, doesn’t mean we have woken up in a completely new world. I expect there will still be some lingering vibes from 2020 as we continue to work through the COVID damages, but also reap the rewards of a very bullish market. This year has by far been my best ever and I know the Moxie Subscribers have had a bumper year as well. … Read more
Hey Market Pilots, Over Christmas weekend, I did my usual weekly video for the Moxie Subscribers and in it, I said that the market should keep going up. Then on Monday the 28th, the SPY opened with a sizable gap up and my guidance was confirmed. My account was up big and grew for the first 30 minutes or so. It was nearly one of the biggest mornings I’ve had and such a short time after the opening bell. I was elated and figured it would be an easy day… … Read more
Hey Market Pilots, Trading can very much be a game of following the leader because as individuals, we do not have enough firepower to move the markets. This is why we want to know where the money is going and where the big institutions are positioning themselves. It’s common knowledge to look at volume as a sign of support and interest, but what does that actually look like? How about we take a look in the cannabis sector since there was some volume going into quite a few names last … Read more
Hey Market Pilots, Back on November 30th, I gave a free webinar about the crazy gains my Moxie Subscribers made in a few sectors and then detailed out other sectors I thought would be lucrative veins to mine. At the end of the presentation, I touched on a little known stock about drones, calling it a sleeper stock. Today, we cashed in most of the position with a +210% gain and boy was that a fun ride. AgEagle Aerial Systems (UAVS) was the ticker symbol for that drone company. As … Read more