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 new opportunities will be. In the meantime, he also reviews how some names are hammering out bottoms using the Moxie Indicator patterns and setups. Many names are waiting for their turn, which could be during the next leg up once the market pulls back.
This video was originally broadcast on August 5, 2022. Click this link to watch on YouTube. You can also view new episodes – and be notified as soon as they’re published – using the StockCharts on demand website, StockChartsTV.com, or its corresponding apps on Roku, Fire TV, Chromecast, iOS, Android and more!
TG Watkins is the director of stocks at Simpler Trading. After graduating with his engineering degree, he set off to earn his Series 6 and 63 licenses and started his career as a financial advisor with New York Life. It was here that Mr. Watkins’ knowledge about the financial industry really exploded.