Top Advisors Corner July 30, 2023 at 02:52 PM
Old Turkey, a trading room regular, remained patient when others sold their stocks during market uptrends, as Jesse Livermore described in Reminiscences of a Stock Operator. When asked why he wouldn't take profits, he would simply answer: "it's a bull market." It's that simple... Read More
Top Advisors Corner July 26, 2023 at 07:02 PM
A year ago, I noted that the inverted yield curve was saying that a bottom for stock prices could be expected in 2024. But the important caveat to that expectation was that it depended upon the yield curve finishing its inversion then... Read More
Top Advisors Corner July 26, 2023 at 01:07 PM
SPX Monitoring Purposes: Long SPX 6/21/23 at 4365.69; sold 7/21/23 4536.34=gain 3.91%. Long SPX on 2/6/23 at 4110.98: Sold 6/16/23 at 4409.59 = gain of 7.26%. Gain since 12/20/22=17.68%. Monitoring Purposes GOLD: Long GDX on 10/9/20 at 40.78... Read More
Top Advisors Corner July 23, 2023 at 08:17 PM
The market's leadership is changing, just in time for the Fed's next rate increase. And the stocks of companies where there are tight supplies of products look poised to make a big move. The market is expecting another 25 basis point rate hike on July 26... Read More
Top Advisors Corner July 21, 2023 at 02:53 PM
Starting on Jan. 8, 2023, much of California experienced flooding and mudslides due to much greater-than-normal rainfall... Read More
Top Advisors Corner July 19, 2023 at 06:06 PM
SPX Monitoring Purposes: Long SPX 6/21/23 at 4365.69. Long SPX on 2/6/23 at 4110.98: Sold 6/16/23 at 4409.59 = gain of 7.26%. Monitoring Purposes GOLD: Long GDX on 10/9/20 at 40.78... Read More
Top Advisors Corner July 18, 2023 at 11:32 AM
Originally written Sunday, July 16. The bull market in stocks continues to power higher, but there are signs of money moving into sectors beyond AI and the homebuilders... Read More
Top Advisors Corner July 12, 2023 at 03:02 PM
SPX Monitoring Purposes: Long SPX 6/21/23 at 4365.69. Long SPX on 2/6/23 at 4110.98: Sold 6/16/23 at 4409.59 = gain of 7.26%. Monitoring Purposes GOLD: Long GDX on 10/9/20 at 40.78. The bottom window is the weekly SPX/VIX ratio and the next higher window is the weekly SPX... Read More
Top Advisors Corner July 09, 2023 at 01:45 PM
The AI rally looks set to take a breather. But the rally in oil may just be getting started. All bets are off for the stock market when the Fed meets later in July... Read More
Top Advisors Corner July 07, 2023 at 06:52 PM
I heard it claimed recently that, because the S&P 500's daily Advance-Decline (A-D) Line is making a new all-time high, breadth is therefore strong and it is a positive sign for the stock market... Read More
Top Advisors Corner July 02, 2023 at 03:34 PM
Three weeks before the Fed's next meeting, investors who have missed the AI/tech rally have thrown caution to the wind. That urgency to catch up has led to an encouraging improvement in the market's breadth and a marginal new high in the S&P 500 index ($SPX)... Read More
