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Larger Pullback Could Be Forming
by TG Watkins,
Director of Stocks, Simpler Trading
We got the little pullback to SPY D21 correct last week, which left us wondering if it was going to be major support, or just minor support before the bigger pullback. In this week's edition of Moxie Indicator Minutes, TG will show you what signs he sees that...
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Ready for the Pullback
by TG Watkins,
Director of Stocks, Simpler Trading
In this week's edition of Moxie Indicator Minutes, TG explains how we could see the pullback building this week, with breadth weakening and many stocks being in extended positions that made getting long a risky proposition. This is good though, and was needed. Now, we need to see...
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The Market Liked FOMC
by TG Watkins,
Director of Stocks, Simpler Trading
Whether its a short squeeze or more buying, the market went up a few minutes after Jerome Powell started speaking today. Yes, there might be really negative economic data coming sometime in the future. But we don't know how much of that the market has already priced in,...
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Many Stocks are Basing/Lifting
by TG Watkins,
Director of Stocks, Simpler Trading
In this week's edition of Moxie Indicator Minutes, TG notes that there is a lot of negativity out there and concern about the effects the economy will have on the market. Yet GDP has come in strong, and many names have been basing, and some other names have...
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Smashed Names Showing Life
by TG Watkins,
Director of Stocks, Simpler Trading
In this week's edition of Moxie Indicator Minutes, TG explains that yes, we are still in a bear market, and yes, the indexes can still go lower. Heck, the SPY can still waterfall lower. But there are names that have been in their own bear market for a...
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New Year Seeing Strength
by TG Watkins,
Director of Stocks, Simpler Trading
In this week's edition of Moxie Indicator Minutes, volatility products, breadth indicators, and individual tickers are showing TG that there is strength coming into the market. Is it the end of the Bear? We can't yet say, but there are trades setting up that you should...
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Third Week of Chop
by TG Watkins,
Director of Stocks, Simpler Trading
The market got into its sideways range starting about December 16th and is still in that zone. They say don't short a quiet market, but it is also hard to see where strength will be coming in from. In this week's edition of Moxie Indicator Minutes,...
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Has the Market Priced in All the Bad News?
by TG Watkins,
Director of Stocks, Simpler Trading
In this week's edition of Moxie Indicator Minutes, TG shares how there are two narratives out there for the future direction of the market, discussing both of them. Which one is true is what we are all debating and what the market is also trying to figure out....
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Chop Going Into CPI and FOMC
by TG Watkins,
Director of Stocks, Simpler Trading
The market has been flagging at its highs as it seems to be awaiting more economic data from CPI and direction from the Fed at FOMC. In this week's edition of Moxie Indicator Minutes, TG explains how he can see the case for both bullish and bearish outcomes,...
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Fed Fallout: Why a Perfect UVXY Setup Failed to Perform
by TG Watkins,
Director of Stocks, Simpler Trading
Setups are only as valid as the most recent data, and often times that data is greatly influenced by market news. This week was no exception when Jerome Powell rocked the market upon announcing the possible reduction of interest rate hikes. In this week's edition of Moxie Indicator...
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TG's Basic Chart Setups
by TG Watkins,
Director of Stocks, Simpler Trading
On this week's educational edition of Moxie Indicator Minutes, TG goes over his basic chart setups, the indicators he uses, and some basic principles that he implements in his trading.
This video was originally broadcast on November 25, 2022. Click this link to watch on YouTube. You can...
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VIX and UVXY Near Buy Points
by TG Watkins,
Director of Stocks, Simpler Trading
On this week's edition of Moxie Indicator Minutes, TG explains that the market has been pulling back after the 2-day jump from CPI, which makes sense considering how vertical the move was and unsupported. Now, with the pullback, we have to determine if it is into support or...
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Markets Up from Cool CPI
by TG Watkins,
Director of Stocks, Simpler Trading
On this week's edition of Moxie Indicator Minutes, TG shares how the CPI came in slightly cooler than expected and the market responded strongly. The questions he finds himself asking are "how far will it go?" and "for how long?" He is concerned that,...
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The Fed Stays Hawkish
by TG Watkins,
Director of Stocks, Simpler Trading
On this week's edition of Moxie Indicator Minutes, TG discusses the FOMC on 11.02.22 and how Jerome Powell stayed on course and hawkish for the Q&A session. With the market unable to find any hope to cling to regarding a pivot of easing conditions,...
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Big-Cap Tech Gets Taken Down
by TG Watkins,
Director of Stocks, Simpler Trading
On this week's edition of Moxie Indicator Minutes, TG discusses how nearly every big cap tech name got crushed on earnings this week which has weighed heavily on the QQQ. However, the IWM and DIA have done quite well with SPY in the middle. Will the market be...
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Market Trying to Hammer Out a Bottom
by TG Watkins,
Director of Stocks, Simpler Trading
On this week's edition of Moxie Indicator Minutes, TG shares that there are indications that the market is trying to hammer out a near-term bottom in order to meet up with the Daily 50-SMA. He is unsure of how that path will unfold, other than price and D50...
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Sell the Rumor, Buy the News
by TG Watkins,
Director of Stocks, Simpler Trading
On this week's edition of Moxie Indicator Minutes, TG explains that, while the market did gap down on the hot CPI number, that gap sparked a strong short squeeze all day on 10/13/22. That's all well and good, but can it sustain? Was it...
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Pop or Implode?
by TG Watkins,
Director of Stocks, Simpler Trading
On this week's edition of Moxie Indicator Minutes, TG discusses how the market is at a very difficult spot to interpret right now. On one side, things are stretched and there is enough bearish kindling to set off a short squeeze. On the other, what reason do people...
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Market Responds Bearish to the FOMC
by TG Watkins,
Director of Stocks, Simpler Trading
On this week's edition of Moxie Indicator Minutes, TG shares that the FOMC was wild as expected, and, with another 75 BPS rate raise, the market responded in a bearish way. For now, the downside has been the correct direction, but there are indications that fuel for a...
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Markets Continue to Break Support
by TG Watkins,
Director of Stocks, Simpler Trading
On this week's edition of Moxie Indicator Minutes, TG explains that the markets have remained weak since the CPI report, despite the Put/Call ratio being high. It looks like traders are correct with their positioning. Some of the news is coming from ADBE earnings, then FDX earnings...
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Oversold Bounce
by TG Watkins,
Director of Stocks, Simpler Trading
On this week's edition of Moxie Indicator Minutes, TG reviews general markets and tickers which give us an idea of the overall weakness out there. We are prepared to have prices move up right now, since things are really oversold, but, based on the Moxie rules and trade...
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Called the Top and the Destination
by TG Watkins,
Director of Stocks, Simpler Trading
Recently, the market has been moving in ways that perfectly capture the Moxie setups and rules that TG has developed. On this week's edition of Moxie Indicator Minutes, TG stresses that when you see Moxie patterns line up in such clear ways, you really need to act on...
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Running Up into Resistance
by TG Watkins,
Director of Stocks, Simpler Trading
Jerome Powell speaks at Jackson Hole later today. If he is somewhat dovish, TG wonders, will the market pop a little? But that pop might be into some major resistance.
On this week's edition of Moxie Indicator Minutes, TG talks about how the Moxie Indicator is telling us...
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Looking at Topping Patterns
by TG Watkins,
Director of Stocks, Simpler Trading
On this week's edition of Moxie Indicator Minutes, TG discusses how the market has been on a bullish streak for several weeks now and run into several overhead MAs that will probably be resistance. This doesn't mean that the market has to fall apart right away...
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How Far Will the SPY Push?
by TG Watkins,
Director of Stocks, Simpler Trading
On this week's edition of Moxie Indicator Minutes, TG goes through a few examples of how the market might continue before the 1-2 punch of a pullback and topping pattern. TG is seeing a ton of names that are in what he calls the Weekly Arch of the...
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Stocks Hammering Out Bottoms
by TG Watkins,
Director of Stocks, Simpler Trading
On this week's edition of Moxie Indicator Minutes, TG reviews the major indexes and large-cap stocks, which are in elevated areas that he's not comfortable putting new money to work on the long side. TG wants to see a pullback into support to see what the...
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Market Stayed Strong During Difficult Week
by TG Watkins,
Director of Stocks, Simpler Trading
The market had the kitchen sink thrown at it this week, but it's closing on a high. On this week's edition of Moxie Indicator Minutes, TG discusses how he believes this is a strong test, for now, and how we could see SPY eventually reach its...
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The First Part of the Rally
by TG Watkins,
Director of Stocks, Simpler Trading
On this week's edition of Moxie Indicator Minutes, TG discusses how the market and many names have done well over the last week or two, but are now reaching areas of resistance. If things setup the way TG expects them to, then the drop would be buyable and...
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Inflation, Interest Rates and Chop
by TG Watkins,
Director of Stocks, Simpler Trading
On this week's edition of Moxie Indicator Minutes, TG discusses how inflation is higher than expected across the board and how, even though the market didn't like it, things managed to stay afloat. He then explores how there continues to be chop in the major indexes,...
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Markets Trying to Move Higher, But With Chop
by TG Watkins,
Director of Stocks, Simpler Trading
On this week's edition of Moxie Indicator Minutes, TG follows up on the PhD indicator theory, then discusses some paths for how the market could move higher. There are several names trending upward, but they sure aren't easy or smooth. While he can point out many...
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Markets Choppy Going into the 4th of July Weekend
by TG Watkins,
Director of Stocks, Simpler Trading
On this week's edition of Moxie Indicator Minutes, the markets pulled back the way TG was expecting them to; since then, he's been looking to see if the pullback was into strength. Typically, the market is bullish going into the 4th of July weekend, which is...
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Commodities are Getting Hit Hard
by TG Watkins,
Director of Stocks, Simpler Trading
In this week's edition of Moxie Indicator Minutes, TG explains that, while the SPY seems like it is trying to hammer out a local bottom, other bullish areas of the market are getting hit hard. The main thing we are seeing there is that commodities are showing significant...
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Market Doesn't Like an Aggressive Fed
by TG Watkins,
Director of Stocks, Simpler Trading
In this week's edition of Moxie Indicator Minutes, TG dives into the charts after the Fed raised rates by more than 50 bps to 75 bps. While this means the Fed is being more aggressive about inflation, it also means they are playing catch up. The VIX and...
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Markets Moved Down Ahead of CPI
by TG Watkins,
Director of Stocks, Simpler Trading
Previously, TG has said that we should be prepared for the markets to resolve lower instead of higher, as many were thinking. In this week's edition of Moxie Indicator Minutes, now that the move down has occurred, he explains that it will probably be based on the CPI...
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Trading with Quick Exits
by TG Watkins,
Director of Stocks, Simpler Trading
In this week's edition of Moxie Indicator Minutes, TG takes a look at the market's overall sentiment by examining the SPY price action. He then points out patterns that he is seeing, including short squeezes and double bottoms.
This video was originally broadcast on June 3,...
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Can We Hammer Out a Bottom?
by TG Watkins,
Director of Stocks, Simpler Trading
In this week's edition of Moxie Indicator Minutes, TG discusses the bear market sentiment in the market and the factors that got us here. He then explains why he thinks we should prepare for choppy price action ahead.
This video was originally broadcast on May 27, 2022. Click...
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What Does Sideways Chop Mean for Market Direction?
by TG Watkins,
Director of Stocks, Simpler Trading
In this week's edition of Moxie Indicator Minutes, TG starts out with a deep dive of the SPY's price action. What does yesterday's sideways chop mean for the direction of the market? TG then talks about the recent 20% overall correction we have seen....
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Will We See a Reversal?
by TG Watkins,
Director of Stocks, Simpler Trading
In this week's edition of Moxie Indicator Minutes, TG talks about the air pockets he has been seeing, including one on the SPY and IWM. He then talks about his next target and why he is waiting for the SPY to hit 380.
This video was originally broadcast...
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Is the Market Meltdown Only the Beginning?
by TG Watkins,
Director of Stocks, Simpler Trading
In this week's edition of Moxie Indicator Minutes, TG outlines the market action post-Fed meeting. He does this by deep-diving into the SPY's price action and comparing it to previous market conditions. Then, he will explain why this may only be the beginning to bear market...
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Which Path Forward After Earnings?
by TG Watkins,
Director of Stocks, Simpler Trading
In this week's edition of Moxie Indicator Minutes, TG covers the overall market action after some key players reported their earnings. How did Google, Facebook, Amazon, and Apple affect the market? He then goes into detail on where he thinks the market is headed next.
This video was...
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