Top Advisors Corner

February 2021

Top Advisors Corner

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At the Edge of Chaos: The Fed is in a Cage Match with the Bond Market - And There is No Escape

by Joe Duarte

The Federal Reserve is clenched in a cage match with the bond market from which there is no escape for them or for the markets. Point in fact were the technical sell signals in the major indices and the increasing weakness in the market's breadth, as I detail below... Read More 

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Yield Curve Steepening, and Small Caps

by Tom McClellan

Liquidity is bullish for the stock market. It is even more bullish for small-cap stocks and other types of issues which are more sensitive to liquidity. That is why indicators like the A-D Line are so useful for gauging the health of the liquidity pool... Read More 

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The Ord Oracle February 23, 2021

by Tim Ord

SPX Monitoring Purposes: Long SPX on 2/22/21 at 3876.50 Monitoring Purposes GOLD: Long GDX on 10/9/20 at 40.78 Long Term SPX Monitor Purposes: Sold long SPX on 1/15/21 at 3768.25= gain 10.80%; Long SPX on 10/26/20 at 3400.97 Yesterday, we said "Last Thursday the TRIN closed at 1... Read More 

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At the Edge of Chaos: Rising Bond Yields and the Market's Breadth Remain in Lockstep

by Joe Duarte

The battle between bond traders and the Federal Reserve is starting to heat up as bond yields wrestle with crucial overhead resistance and the broad market continues in lockstep with bond yields... Read More 

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Simple vs. Complex Oscillator Structures

by Tom McClellan

A year ago, I wrote here about how the nature of structures in the McClellan A-D Oscillator carries important information about what lies ahead. A "complex" structure is one that features chopping up and down without a crossing of the zero line... Read More 

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At the Edge of Chaos: Bond Sellers, the Fed and the Wall of Worry are a Triple Barrel Gatling Money Spigot for Stocks

by Joe Duarte

Constant Fed liquidity is only one reason for the recent rise in stock prices. In fact, there is now evidence of a second and equally important source of capital that is steadily moving into stocks: money exiting the bond market... Read More 

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Understanding M2 and Stocks

by Tom McClellan

This article originally appeared in the Jan. 6, 2021 issue of The McClellan Market Report. Watching the money supply numbers used to be a favorite activity of traders and investors back in the late 1960s and nearly 1970s, and below I will show you why... Read More 

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The Ord Oracle February 9, 2021

by Tim Ord

SPX Monitoring Purposes: Long SPX on 2/9/21 at 3911.23 Monitoring Purposes GOLD: Long GDX on 10/9/20 at 40.78. Long Term SPX Monitor Purposes: Sold long SPX on 1/15/21 at 3768.25= gain 10.80%; Long SPX on 10/26/20 at 3400.97... Read More 

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Keep Your Emotions from Sabotaging Your Portfolio

by John Kosar

Most individual and professional investors would agree that the day-to-day twists and turns in the stock market, and the intraday volatility, have significantly increased over the past few years... Read More 

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At the Edge of Chaos: Bond Yield Breakout will Likely Fuel Acceleration of Stock Prices

by Joe Duarte

Anyone, myself included, who thought the stock market might crash last week now knows that the Fed's QE is, at the moment, in full control of trading behavior as, once the dust cleared from the "Reddit short squeeze," it was back to business as usual... Read More 

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Bond CEF A-D Line Confirming Higher Price Highs

by Tom McClellan

I am always on the search for signs of liquidity problems, and Advance-Decline (A-D) Lines are among the best voices to tell us about such problems. It takes a lot of money being thrown at the stock market to lift the majority of stocks... Read More 

Top Advisors Corner

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The Ord Oracle February 2, 2021

by Tim Ord

SPX Monitoring Purposes: Long SPX 1/29/21 at 3714.04 Monitoring Purposes GOLD: Long GDX on 10/9/20 at 40.78. Long Term SPX Monitor Purposes: Sold long SPX on 1/15/21 at 3768.25= gain 10.80%; Long SPX on 10/26/20 at 3400.97... Read More