The Case for Crypto Altcoins

Everyone has seen the recent run in Bitcoin. Bitcoin price has more than quadrupled off the lows and it seems that cryptocurrencies are now on everyone’s radar. Equally as important, we have seen institutions drive adoption like never before, from Square and PayPal allowing users to buy on the platform, to greater institutional investments in … Read more

The End of 2020

The End of 2020

2020 has certainly been a year for the history books in many aspects. We have had a worldwide pandemic that sent certain industries to a screeching halt and other sectors skyrocketing. The overall market has also had a rollercoaster of a year with a strong move down to long term support levels and then an … Read more

SL: Election Day 2020

Hey Market Pilots, So we finally had the 2020 election on Tuesday, but now it’s Wednesday and we don’t have an answer. I believe this was of no surprise to the vast majority of us, as we knew this year’s election was going to be just another crazy thing to add to the list of … Read more

1987

1987 Déjà Vu

There is a setup in the markets currently that mirrors the setup just before Black Monday in 1987 that you should be aware of. This does not mean that history repeats; as traders we look at probabilities first. Let me make the case: In 1987, from June to October, the market was seeing a winning … Read more

eeing Strength, But When?

Seeing Strength, But When?

I am starting to see a common pattern arise out there in the market which is generally bullish, but it can also hold for a long time before it finally takes off. Many tickers out there did an amazing job running up in early October, and I view this as a great sign, especially since … Read more

My Favorite Swings

My Favorite Swings (and Bikes)

One topic that’s seen a fair amount of conversation here lately is how long you should hold swing trades. By definition, a swing trade is anything held at least overnight, but there’s a big difference in holding a position for a day vs. holding for 3 months. Ultimately the correct duration has several variables, but … Read more

Covid in the Whitehouse

Covid in the Whitehouse

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 … Read more

Case Against Dollar Bears

The Case Against Dollar Bears

It’s easy to be a dollar bear… the buying power of the dollar seems to fall every year. The government runs a continuous and growing deficit every year regardless of who’s in control, and the Fed facilitates the largess with zero interest rates and monetization of the debt.