Top Advisors Corner

September 2023

Top Advisors Corner

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Crude Oil Disagreeing with the Canadian Dollar

by Tom McClellan

One of the not-too-surprising correlations in the financial markets is shown in this week's chart. There is a strong positive correlation between the dollar price of crude oil and the Canadian dollar-to-US dollar exchange rate... Read More 

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The Ord Oracle September 26, 2023

by Tim Ord

SPX Monitoring Purposes: Short SPX on 9/1/23 at 4515.77; cover short 9/5/23 at 4496.83 = gain .43%. Gain since 12/20/22: 15.93%. Monitoring Purposes GOLD: Long GDX on 10/9/20 at 40.78... Read More 

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Lights Out for Stocks and Bonds? Not So Fast.

by Joe Duarte

The stock market suddenly has the look of a wounded prize fighter. And the bond market is bordering on being dysfunctional. In a word, the market is disoriented. Disorientation leads to mistakes. Don't be fooled... Read More 

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What Bitcoin Is, and How That Has Changed

by Tom McClellan

The proponents of Bitcoin (BTC) and other cryptocurrencies have long argued that it is like gold, serving as another venue for storing your wealth and not having it subject to the vicissitudes of fiat currencies... Read More 

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The Ord Oracle September 18, 2023

by Tim Ord

SPX Monitoring purposes; Short SPX on 9/1/23 at 4515.77; cover short 9/5/23 at 4496.83 = gain .43%. Gain Since 12/20/22: 15.93%. Monitoring Purposes GOLD: Long GDX on 10/9/20 at 40.78. Chart 1 This week is the weakest week of the year, according to seasonality... Read More 

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A Big Inflection Point in QQQ Nears; Bond Yields Test Top of Key Trading Range

by Joe Duarte

If your gut is telling you that something big is brewing in the markets, don't ignore it. The relationship between interest rates and stocks is about to be tested, perhaps in a big way... Read More 

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Unemployment to Rise into 2024

by Tom McClellan

Back in March 2023, I wrote a piece here titled, "Three Signs Employment Is Going to Take a Hit". It looked at 3 different leading indication relationships that were all calling for a rise in the unemployment rate... Read More 

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The Ord Oracle September 11, 2023

by Tim Ord

SPX Monitoring Purposes: Short SPX on 9/1/23 at 4515.77; cover short 9/5/23 at 4496.83 = gain .43%. Gain since 12/20/22: 15.93%. Monitoring Purposes GOLD: Long GDX on 10/9/20 at 40.78... Read More 

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In this Market, Think Supply and Demand; Is Apple a Buy on this Dip?

by Joe Duarte

In uncertain times, selective investors will outperform the indexes. We're entering a market where external events and seasonal forces combine to increase uncertainty... Read More 

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Fishhooks

by Tom McClellan

There are fishhook structures forming in several indicators, and here is why we should be getting excited about that. A fishhook structure forms in a Price Oscillator or Summation Index chart when there is a brief reversal of trend that does not persist... Read More 

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Market Breadth Continues Recovery; Watching the NVDA Effect on QQQ as Oil Heats Up

by Joe Duarte

The dog days of August are mercifully over. And as Wall Street gets back to work, new trends are emerging which could influence what the stock market does for the rest of the year... Read More 

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Gold Starting New 13.5-Month Cycle

by Tom McClellan

Some analysts talk about seasonality in gold prices, but this does not make sense because of a very important factor. Gold prices have a dominant 13.5-month cycle, not an annual cycle, and so looking at annual seasonality does not make for reliable projections. This 13... Read More