TG Watkins – Weak Market vs Strong Market, What Stocks To Watch and What To Look For On The Charts

May 8, 2023

TG Watkins, Director of Stocks at Simpler Trading and Editor of the Profit Pilot website joins us to addresses the ongoing debate between if the markets are setting up for another major pullback or if a turn has happened and the next significant move might be higher. So much focus for markets is on the weak breadth, with only large tech leading the way. For the economy everyone is predicting a recession in the second half of the year and a quick Fed pivot to rate cuts.


We start with a focus on big tech’s rebound and how these stocks are being viewed a safety plays. We then move to a general discussion about how investors are positioning in tech for now but if they shift more risk-on that could be a big boost for the lagging stocks. We could be in for a slow summer.





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

    May 08, 2023 08:53 AM

    Lithium markets have hit a turning point –Morgan Stanley – May 08, 2023

    “The lithium market has reached a turning point at least for now, according to Morgan Stanley. Lithium carbonate prices in China, which tumbled 70% since hitting a record in November, have rallied in recent days on renewed optimism over EVs….”

      May 08, 2023 08:55 AM

      Rio Tinto Wants Lithium Assets, But Not At Current Prices

      Cecilia Jamasmie – May 4, 2023

      Rio Tinto (ASX, LON, NYSE: RIO) chief executive, Jakob Stausholm, said the company continues to be “very interested” in finding lithium projects to add to its portfolio, but noted the current cost of such assets are too high.

      “Prices for the coveted battery metal rebounded this week for the first time in five months after tumbling from last year’s record highs. This is partly attributed to the world’s no. 2 producer Chile’s decision to tighten state control of its lithium industry.”

    May 08, 2023 08:48 PM

    There is a good interview with Andy Maguire first up on
    concerning intervention and where the world narkets are now.

      May 08, 2023 08:50 PM

      This one is gone as misspelled Lajedweller

      May 08, 2023 08:50 PM

      This one is gone as misspelled Lakedweller

    May 08, 2023 08:51 PM

    There is a good interview with Andy Maguire first up on
    concerning intervention and where the world markets are now.

    May 08, 2023 08:59 PM

    Try again: for a good interview on intervention and World markets going forward: go to
    For ani interview with Andy Maguire.

    May 09, 2023 09:47 AM
    NatGas bottom confirmed.
    STEO report at noon.
    PMs still strong.

      May 09, 2023 09:37 AM

      Confirmed for UNG, but not yet BOIL.
      Good test for UNG viability.

        May 09, 2023 09:07 AM

        Reverted to “More Likely”, just in case.

      May 09, 2023 09:31 PM


      /NG…7’s are good, right?…and middle grey darkness is next as good as black,right?…..I really think we have a strong chance for this being the 3 year cycle low in nat gas…right here…how will it hold up during economic slowing…i am not able to know…

      other commodities like wheat and lean beef and hogs and soy are either at or look to be putting sig lows…imho

      trade em…because who knows?

    May 09, 2023 09:46 AM

    16 month decline continues based on intervention. Thye are not quitting which is a characteristic of organized crime and not financial management.