Top Advisors Corner April 28, 2023 at 12:53 AM
Earnings news from big cap Nasdaq stocks like Microsoft (MSFT) and Meta (META, used to be Facebook) have been pushing up the capitalization-weighted indices, as well as the share price of QQQ, the ETF which tracks the Nasdaq 100 Index... Read More
Top Advisors Corner April 26, 2023 at 12:36 PM
SPX Monitoring Purposes: Long SPX on 2/6/23 at 4110.98. Monitoring Purposes GOLD: Long GDX on 10/9/20 at 40.78. Long Term SPX Monitor Purposes: Neutral. Don't believe an extended decline is beginning here... Read More
Top Advisors Corner April 23, 2023 at 03:26 PM
The next liquidity crisis will likely be spurred by the woes in commercial real estate (CRE); ironically, a four-headed megatrend which has been accelerated by the Fed's rate hike cycle... Read More
Top Advisors Corner April 21, 2023 at 01:59 PM
Inflation rates have been coming back down from their big post-COVID spike to above 8%. But they are likely to see a brief upturn, if this week's guest fortune-teller is correct... Read More
Top Advisors Corner April 19, 2023 at 02:22 PM
SPX Monitoring Purposes: Long SPX on 2/6/23 at 4110.98 Monitoring Purposes GOLD: Long GDX on 10/9/20 at 40.78. Long Term SPX Monitor Purposes: Neutral. We updated this chart from yesterday. The SPY/VIX ratio is still rising, which suggests the SPY is in an uptrend... Read More
Top Advisors Corner April 16, 2023 at 05:55 PM
There is only one way to survive this market. Focus on strength. Ignore the intraday volatility. And always expect the unexpected. The stock market remains in a stubborn trading pattern, with nearly equal measures of strength and relative weakness... Read More
Top Advisors Corner April 14, 2023 at 08:03 PM
It might not be kitchen sink time--you know, when everything has been thrown in--but the market has been tossed a lot of curveballs lately; non-stop increase in rates, bank jitters, recession fears, and earnings fears... Read More
Top Advisors Corner April 13, 2023 at 06:22 PM
Crude oil prices were in the middle of an uptrend when Russia invaded Ukraine just over a year ago, and that news caused oil prices to spike up to over $120/barrel. But oil prices have given back those gains, getting cut almost in half since the last poke above $120 in June 2022... Read More
Top Advisors Corner April 12, 2023 at 03:01 PM
SPX Monitoring Purposes: Long SPX on 2/6/23 at 4110.98. Monitoring Purposes GOLD: Long GDX on 10/9/20 at 40.78. Long Term SPX Monitor Purposes: Neutral. Above is a sentiment indicator, the 5-day average of the CBOE Equity put/ call ratio (bottom window)... Read More
Top Advisors Corner April 09, 2023 at 06:21 PM
The release of the March payrolls numbers threw a wrench into the notion that the US economy is slowing. At the same time, given all the negative data which preceded it, the big question is when the market will start to doubt the veracity of the monthly employment numbers... Read More
Top Advisors Corner April 07, 2023 at 06:53 PM
An awful lot has happened since the beginning of the year, including further rate increases, bank failures, and continuing concerns about rising inflation and weakening earnings... Read More
Top Advisors Corner April 05, 2023 at 01:22 PM
SPX Monitoring Purposes: Long SPX on 2/6/23 at 4110.98. Monitoring Purposes GOLD: Long GDX on 10/9/20 at 40.78. Long Term SPX Monitor Purposes: Neutral. Above, we have the chart of the daily SPY. The pink area shows the times when the 10-day TRIN was above 1... Read More
Top Advisors Corner April 03, 2023 at 12:24 PM
The stock market is back in an uptrend. Moreover, the rally is being led by the technology sector, which is usually a very bullish development. Last week in this space, I noted that money flows into stocks were increasing. So far, that's been a correct observation... Read More
