If-You-Are-Long

If You Are Long, Put Your Hedge On

Let me just start out by saying, do not count out an extended rally into the new year. Bold statement? Honestly? Yes. But this is a bold-ass market with record call buying. You might say, “the Nasdaq chart has less or no structure! It’s unsupported. The PCALL and SKEW indicate I should have hedges on!” … Read more

Three is a Magic Number

One of the most important signals driving today’s market is one you may not be familiar with. Most traders begin their technical trading with daily charts. Then they branch off into intraday or weekly, maybe even monthly charts. One that’s not so often discussed is a 3 day chart. 3 is a magic number for … Read more

When-to-Trade-VS-When-to-Hold

When to Trade VS When to Hold

Hey Market Pilots, Usually I am a pretty active trader, but recently there have been many names out there which have given me significant signs that I should hold on for longer. So when and how do we decide to go from trading a stock to holding a stock longer term? For trading, it’s mostly … Read more

Santa, Santa, Where Are You?

As we go into the close of 2020 and come into the holidays, the market historically looks to the sky for the Santa Rally. What is the Santa Rally? The Santa Rally is when the market typically trades higher going into the final few weeks of the year. What’s the reason for the Santa Rally? … Read more

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