Top Advisors Corner October 31, 2023 at 05:43 PM
SPX Monitoring Purposes: Long SPX 10/27/23 at 4117.37. Gain Since 12/20/22: Over 17%. Monitoring Purposes GOLD: Long GDX on 10/9/20 at 40.78. Last Thursday, we said "Above is the weekly SPY, with its Bollinger bands going back nearly three years... Read More
Top Advisors Corner October 29, 2023 at 04:03 PM
The selling in this market is accelerating, and some of it is in areas of the market which usually hold up during stressful periods. One of them is healthcare, where a changing financial picture and the effects of AI are creating a new landscape for investors to ponder... Read More
Top Advisors Corner October 27, 2023 at 01:23 PM
Two weeks ago, I wrote here about the McClellan Oscillator leaving a "simple" structure above zero, which said that the bulls were not (yet) in charge... Read More
Top Advisors Corner October 24, 2023 at 12:25 PM
SPX Monitoring purposes: Sold SPX Oct. 18, 2023, at 4314.60 gain 0.35%; Long SPX Sept. 28, 2023 at 4299.70. Gain since Dec 20, 2022 = 16.30%. Monitoring purposes GOLD: Long GDX on Oct. 9, 2020, at 40.78... Read More
Top Advisors Corner October 22, 2023 at 04:09 PM
I've been looking for the market to bottom for several weeks. But the trading environment has shifted to a new gear; a cautionary one. On the other hand, this sudden shift in sentiment may signal that a climactic selloff, often a prelude to a new uptrend, may be close at hand... Read More
Top Advisors Corner October 19, 2023 at 09:09 AM
On September 7, 2023, I wrote about a "fishhook" structure formed in the Price Oscillator of the S&P 500. A fishhook occurs when a Price Oscillator or Summation Index plot makes a temporary reversal attempt and restarts the prior trend... Read More
Top Advisors Corner October 18, 2023 at 11:41 AM
SPX Monitoring purposes: Long SPX 9/28/23 at 4299.70. Gain since 12/20/22: 15.93%. Monitoring purposes GOLD: Long GDX on 10/9/20 at 40.78. In the above chart, the bottom sub-panel displays the 10-period moving average of the TRIN... Read More
Top Advisors Corner October 15, 2023 at 08:28 PM
No One Seems to Want U.S. Treasury Bonds. Does This Sound Familiar? The slightly-hotter-than-predicted PPI and CPI numbers certainly put a temporary damper on the recent short covering rally in stocks and bonds, raising investor fears about further interest rate increases... Read More
Top Advisors Corner October 13, 2023 at 07:51 PM
As we are looking for when the normal seasonal low is going to arrive, what we want to see is either a juicy oversold condition that one can buy into or a confirmation of a new uptrend getting started. Or both... Read More
Top Advisors Corner October 11, 2023 at 05:31 PM
SPX Monitoring Purposes: Long SPX 9/28/23 at 4299.70. Gain since 12/20/22: 15.93%. Monitoring purposes GOLD: Long GDX on 10/9/20 at 40.78. Above is the monthly SPX... Read More
Top Advisors Corner October 08, 2023 at 06:15 PM
The fear on Wall Street is rising to a fever pitch, as put option buyers recently accelerated their bets against the market while sentiment surveys reached levels of bearishness not seen since last October. As I've noted recently, fear is often the prelude to a tradable bounce... Read More
Top Advisors Corner October 06, 2023 at 01:35 AM
We are just about to wrap up the 3rd year of the current presidential term, and head into the 4th year, also known as election year... Read More
Top Advisors Corner October 04, 2023 at 01:06 PM
SPX Monitoring Purposes: Long SPX 9/28/23 at 4299.70. Gain since 12/20/22: 15.93%. Monitoring Purposes GOLD: Long GDX on 10/9/20 at 40.78. Above is the monthly SPX. The pattern that appears to be forming is a head-and-shoulders bottom... Read More
Top Advisors Corner October 01, 2023 at 07:05 PM
During a New York speech, Fed Chairman Alan Greenspan, aka "The Maestro," uttered the phrase: "Irrational Exuberance... Read More
