Top Advisors Corner

September 2021

Top Advisors Corner

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At the Edge of Chaos: Last Call – Are Mutual Funds Going to Fund the Market's Last Round Before the Fed Closes the Bar?

by Joe Duarte

The race toward the Fed's taper start deadline took an interesting turn last week. Just like the buying frenzy that often erupts during last call at a full watering hole before closing time, stocks rallied in a post-Fed meeting short-covering rally last week... Read More 

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The Ord Oracle September 21, 2021

by Tim Ord

SPX Monitoring Purposes: Neutral Monitoring Purposes GOLD: Long GDX on 10/9/20 at 40.78 Long Term SPX Monitor Purposes: Neutral We updated this chart from yesterday, where we said "The bottom window is the 'Rate of Change' for the VIX... Read More 

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At the Edge of Chaos: Not Adding Up; Stocks Crash, But Algos Buy Call Options as Money Pours into Mutual Funds

by Joe Duarte

The wall of worry is so high now that it seems insurmountable... Read More 

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Seasonal Stress Sparks Sentiment Swoon

by Tom McClellan

With rising worries about September's bad reputation for the stock market, and with a small drawdown in stock prices, investors seem to have suddenly turned a lot more bearish... Read More 

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At the Edge of Chaos: Wall of Worry – Worsening Breadth, Fed Taper Leak and Rising Implied Volatility in SPY Options are Worrisome

by Joe Duarte

Trading the long side in stocks could prove to be painful in the short- to intermediate-term, as several crucial indicators turned sour simultaneously on 9/10/21 just as the Fed seems to have leaked that it will start tapering in November... Read More 

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High Yield Bond A-D Line Resolves Divergence

by Tom McClellan

High yield corporate bonds (AKA junk bonds) trade more like the stock market than like T-Bonds. They are considered to be more subject to default risk and, thus, to the forces of financial market liquidity that drive the stock market up and down... Read More 

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At the Edge of Chaos: The Case for Stocks is More Bullish than Bearish, Despite Muddied Waters

by Joe Duarte

There isn't much to be excited about in the world these days, but, at least for now, the case for stocks remains more bullish than bearish... Read More 

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Seasonal Turns Arriving Early

by Tom McClellan

Analysts use seasonal patterns quite frequently these days. More computing power and more data makes the task a lot easier. But what most of them miss is that not everything operates with annual seasonality... Read More 

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The Ord Oracle August 31, 2021

by Tim Ord

SPX Monitoring Purposes: Sold 8/24/21 at 4486.23=gain 1.83%; Long SPX on 8/19/21 at 4405.80. Monitoring Purposes GOLD: Long GDX on 10/9/20 at 40.78... Read More