TG Watkins – Analyzing The Rally In Markets – Next Year Looks To Be Very Different For The Bulls and The Bears

December 13, 2022

TG Watkins, Director of Stocks at Simpler Trading and Editor of the Profit Pilot website joins me to focus on the now 2 month long rally in markets. We discuss breadth (which is getting high), volatility (which has seen volume significantly decline), short players and what they need to be aware of and simple price levels. It all plays into the outlook for next year which could be much more choppy, sideways movement as central banks stop hiking rates.




Click here to visit TG’s site – Profit Pilot.


    Dec 13, 2022 13:44 PM

    There are two things in life that I have never liked, one is moving and the other is hiring contractors to do renovations. Anyway, finally today a contractor I had hired wanted 3% added on the bill if I used a credit card. I told him I don’t want to pay an extra 3%, he told me almost no one pays cash these days because they don’t have the money. The bill wasn’t that big, but the contractor is also in debt up to his ying, yang. LOL! DT

      Dec 13, 2022 13:06 PM

      I don’t like moving either so always hire a mover. Also don’t like renovation so when the house gets old, sell it and buy a new one.

    Dec 13, 2022 13:52 PM

    Life these days is all about debt, if you have debt that you can’t pay back immediately, you are a slave! DT

    Dec 13, 2022 13:14 PM

    Mitch McConnell sticking it to taxpayers with another omnibus spending bill. Timed to pass on XMAS Eve, the cockroach traitor poison pill to Republican party.

      Dec 14, 2022 14:10 AM

      Hope he Choe’s on his xmas drum stick……,,,,, 🙂

    Dec 14, 2022 14:15 AM

    Second day in row where explorer prices frozen near opening prices. Volume down which could be “failure to make a market”.
    Easier to sell red than buy red.

      Dec 14, 2022 14:20 AM

      Lake, the markets are running out of buyers, like we discussed the other day, although you weren’t on board with that thought. The lowering of rates stimulates the markets, raising rates has the opposite effect. DT

        Dec 14, 2022 14:28 AM

        Cryptos going well today… must be some buyers. I don’t want cryptos.

        Also don’t rule out price intervention. Larry Summers White Paper on gold price suppression still applies and more so because of the inflation and debt. There is always the strong possibility that markets are rigged. Recognition is a start at fixing.

          Dec 14, 2022 14:13 AM

          Here’s something to ponder on Powell Day: Magna Mining volume averages over 250,000 a day in one way or another. Today the spread in US is .49/.60. On Schwab screen, it shows 9000 traded and 0 in US. Now if you want to sell in red, you probably can. But if you want to buy with an Ask on Schwab of .50, you won’t get any and you may not get at the .60. But there is no indication you couldn’t buy at .51 … normally. But, not during Powell week. People would like to know the true Ask as the 9000 trade was under .52 and a realistic Ask is shown in Canada trading sites. But, Powell and The Fed are US. All that does not say lack of Volume or interest… it shows intervention in US markets or MM on vacation or at lunch for extended periods on OTC.

    Dec 14, 2022 14:06 AM

    Certainly low volumes continuing for what I’m interested in….. makes it hard to accumulate too. Still nibbling at Magna Mining but small chunks is all you can do without moving price.

      Dec 14, 2022 14:52 AM

      Yes. Many trying to add to Magna. I got 5k near close yesterday but I felt I was playing some kind game. I would hit the Ask and when U went to the “confirm screen” , the Ask would be .0001 higher. Then I would raise it .0002 and it would change Ask to .0001 higher. In other words the Ask was not legitimate as no other shares were being trading making the assumption it was an algo affecting all traders. I think I finally eliminated trying to hit close to the Ask. Here is the kicker… when I finally bid maybe .01 higher than Ask, it sold at a lower price but higher than the Ask.

        Dec 14, 2022 14:05 AM

        Lake, you should consider getting a chip brain implant so you can trade with the Algo’s, WINNER! LOL! Oh! I spoke to soon The Algo’s figured Lake out! Whiner! LOL! DT😢

          Dec 14, 2022 14:11 AM

          Lake, all markets are manipulated all the time, always have been always will be. All your whining won’t change a thing. DT

            Dec 14, 2022 14:19 AM

            I rest my case. See below.

          Dec 14, 2022 14:12 AM

          We have been through this before. Try to avoid being personal. I try.

          And if the markets are manipulated, why can’t it be a reason for questionable performance

          Or…if they are manipulated why can’t that be the explanation for “all” performance negating all other theories.

          …except criminal fraud. That is a big one!

            Dec 14, 2022 14:15 AM

            The problem is Lake you don’t try to change your personality. It is one long streak of misery. DT

    Dec 14, 2022 14:15 AM

    Watching for another FAKE REPO………from the Cabal in charge of Debt bondage…….
    Really a sad state of affairs……… when everyone thinks they can out think the scum in
    DCz Land.

      Dec 14, 2022 14:16 PM

      REPO…… REPORT………….

    Dec 14, 2022 14:43 AM

    FED officially approaching Bankrupt?….I doubt that raising interest rates is doing their bond positions much good……They own some percent of assets in gold…I could not determine that number..glta

      Dec 14, 2022 14:23 AM

      Evidently there is an expectation of a reset.

      Dec 14, 2022 14:55 PM

      Petrodollar demise too.

    Dec 14, 2022 14:54 AM

    It makes me want to puke every time a reporter thanks J Powell for taking their question… WTF!!!!! Shouldn’t he be obligated to answer questions if he has the force of the FED on your finances?

      Dec 14, 2022 14:14 PM

      There was a female from Bloomberg Radio Financial, several years ago, that asked a very pointed question that Powell did not want to answer. As a result, she got a temporary reassignment to Bloomberg Japan for awhile. Apparently now they pre approve questions and those asking them. Possibly you noticed today when Powell opened it up for questions he called on Liesman from CNBC (who has always been suspected of being a Fed insider). Possibly all this is “the appearance” of things but my thinking is once you step outside the realm of correct data and do not allow audit, it is very possible you cannot stand up to factual questions seeking truth. The end result would be a fraud on the “people’s property”.

        Dec 14, 2022 14:19 PM

        Dang right their is a FRAUD……….. started in 1871…….. or before……..
        1862 or 3… with Old Abe..and his Executive Order no. 100

          Dec 14, 2022 14:55 PM

          Now we know who to blame, it’s Old Abe back to 1862 or 3. Fraud, fraud everywhere ever since.