TG shares with us that the markets have remained weak since the CPI report despite the Put/Call ratio being high. Looks like traders are correct with their positioning. Some of the news is coming from ADBE earnings, then FDX earnings today. Slower shipping numbers tends to imply a slowing economy which is what everyone is expecting as recession data continues to roll in.
Today 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 over sold. But based on the Moxie rules and trade patterns,TG is not seeing anything worth taking to the long side. Most ...
Recently the market has been moving in ways that perfectly capture the Moxie setups and rules that Tg Watkins has developed. In this episode TG stresses that when you see Moxie patterns line up in such clear ways, you really need to act on them and take advantage of when the market is easy.
Jerome Powell will speak at Jackson Hole on 8/26/22, If he is somewhat dovish, TG wonders, will the market pop a little? But that pop might be into some major resistance. In this episode, TG talks about how the Moxie Indicator is telling us to be careful, as most of these up moves are going right...
