Hey Market Pilots,In this past trading cycle, I had two trades which behaved very similarly. Which is to say they did nothing until they suddenly did something. It is not often that I step into a position and have to wait for it to start working.  My style, thanks to the incredible timing properties of the Moxie Indicator, means that I get into a stock that is about to pop or has just begun a move. But when I got into Datadog (DDOG) and NIO they decided they wanted to … Read more

Hey Market Pilots, This week we saw a constructive bullish pattern workout in the markets known as an inverted head and shoulders. This market performance was able to play out despite the very chaotic news cycle of Trump with COVID and the hot potato known as the stimulus bill. I wrote previously that Trump’s recovery from COVID in a matter of days was actually a pretty good sign for both the pandemic and the economy. And now that the stimulus bill appears to be happening the markets are happy. In … Read more

Hey Market Pilots, The last few days have shown that we have to be prepared for anything to happen in 2020. Yes, there are only about 80 more days but with the rollercoaster of the COVID pandemic now reaching President Trump himself, why shouldn’t we expect aliens to visit too? Oh wait, they apparently did. Watching the various reactions of Trump getting COVID and apparently getting through it with relative ease has been an interesting experience in seeing how quickly paths can change. Now that we are past it and … Read more

Hey Market Pilots, I’m sure most of you are aware by now some major news broke last week: Trump tested positive for COVID. Clearly, this isn’t good news for anyone but his opponents. The market’s reaction was quickly negative but surprisingly contained as price held the overnight support and the Hourly 50 SMA. President Trump’s condition over the weekend has maintained and he even made a quick ride around the hospital for his supporters. Word has it that he may be released Monday, so basically, all news concerning Trump is … Read more

Hey Market Pilots, The Market has been a little challenging as of late and the ability to get chopped up or on the wrong side of it is a real possibility. Even I got caught up in the mess. While it was an uncomfortable position to be in, there were numerous learning opportunities I was able to pass along to my subscribers.So what did I learn?  Admittedly, I did get caught up in the initial bounce off the lows, starting about 9/25/20. But since that event and movement, I then … Read more

Hey Market Pilots, I just went through my list of names on my watchlist as part of my weekly review and it sure looks messy out there. Some names are up, some are down, some are sideways, and most of them look erratic. This is to be expected when the market as a whole is out of a trend and there are many undercurrents.  September is a historically weak month for the markets, and this time we have a big election coming up. I have been warning my subscribers for … Read more

Hey Market Pilots, The markets had a pretty big move to the downside lately. I was prepared for it as far as knowing if the market was going to hold long or fall short. That line in the sand for me was the 15 min 50 SMA. I was hopeful that Tuesday’s bounce would continue via support at the 15 min 50, but that was not in the cards today and if you look at the charts, you can see that the move to the down side really got going … Read more

Hey Market Pilots, There are common patterns in the market which we need to know about in order to make proper decisions and money. This week, I saw a particular type of bottoming pattern form on a few names and the market itself. I’m very familiar with a double bottom pattern and how it advertises that price doesn’t want to go lower. But what about when a double bottom does break lower? Oftentimes that is a perfect short entry, but other times that is the exact washout move that is … Read more

Hey Market Pilots, Once again, the FOMC minutes were the trigger for some market action. I’m writing this Wednesday afternoon and you’ll be reading it on Thursday so the exact outcome of what I write may have to be taken with a grain of salt. Ever since the SPY touch of the Daily 50 SMA on the 11th, I have been cautioning that any bounce or move up of price will be into resistance and we should actually be prepared to retest some lows. This time, the FOMC minutes were … Read more

Hey Market Pilots, Patience and persistence are needed if one is going to be successful in the markets. I am reminded of that when new subscribers come into my service and express concern that they aren’t making money. There can certainly be multiple reasons for the lack of performance in one’s trading account, but as an instructor, I tend to notice these concerns arise when the market gets in a funk. I never want new traders or subscribers to lose money, feel they aren’t being looked after, or feel like … Read more