Top Advisors Corner

December 2023

Top Advisors Corner

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IWM Shares Outstanding Rises With Small-Cap Interest

by Tom McClellan

The Russell 2000 Index has been performing quite well lately, rising 26% since the Oct. 27 low. This has resulted in a lot of performance chasing, with traders piling into IWM, the iShares Russell 2000 Index ETF... Read More 

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Momentum Run Unfolds; Here's How to Prepare for When the Momentum Reverses

by Joe Duarte

Editor's note: This week's issue of Joe Duarte's Smart Money Trading Strategy Weekly is being produced early due to the New Year's holiday. Happy New Year to everyone... Read More 

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The Ord Oracle December 27, 2023

by Tim Ord

SPX Monitoring purposes: Long SPX December 15, 2023 at 4719.19. Gain since December 20, 2022: 26.8%. Monitoring purposes GOLD: Long GDX on October 9, 2020 at 40.78. We updated the above chart from last Thursday... Read More 

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Plenty of Strength in HY Bond A-D Line

by Tom McClellan

High-yield bonds tend to trade more like the stock market than like treasury bonds, and what's more is that these high yield or "junk" bonds are terribly sensitive to liquidity conditions. That sensitivity works both ways... Read More 

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Market Breadth Gains Momentum; Don't Fight the Market, Stay Cautious

by Joe Duarte

Editor's note: This week's issue of Joe Duarte's Smart Money Trading Strategy Weekly is being produced early due to the Christmas Holidays. Good holiday wishes to everyone. Worried and Watchful... Read More 

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The Fed Talked, The Market Reacted. Think Value.

by Joe Duarte

Yogi Berra once said: "It was impossible to get a conversation going, everybody was talking too much." It's easy to lose one's focus when everyone is talking, especially after big moves in the markets and the uncertainty they often create... Read More 

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HYG Shares Outstanding Showing Excessive Enthusiasm

by Tom McClellan

Enthusiasm is needed to drive an uptrend, but sometimes enthusiasm can go too far. That is why technical analysts like to use various sentiment indicators and surveys, in order to see when all the buyers who are going to get in have already done so... Read More 

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The Ord Oracle December 11, 2023

by Tim Ord

SPX Monitoring Purposes: Sold 11/29/23 at 4550.58 = gain 10.52%; long SPX 10/27/23 at 4117.37. Gain Since 12/20/22: 26.8%. Monitoring Purposes GOLD: Long GDX on 10/9/20 at 40.78. Above is the monthly SPX. The bottom window is the SPX/VIX ratio... Read More 

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Why the Santa Rally Stumbled; QQQ Sets Up for Big Move, Be Careful

by Joe Duarte

Next week could make or break the Santa rally. The Fed meets on 12/12 and 13, and CPI and PPI are due out simultaneously. As a result, it wouldn't a bad idea to review portfolios carefully, to consider taking some profits and to game out some potential ways to hedge... Read More 

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1960s Analogue Sees Inversion in 2023

by Tom McClellan

I like analogues, and, for that matter, just about anything which can give me the answers ahead of time... Read More 

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The Ord Oracle December 5, 2023

by Tim Ord

SPX Monitoring Purposes: Sold 11/29/23 at 4550.58 = gain 10.52%; Long SPX 10/27/23 at 4117.37. Gain Since 12/20/22: 26.8%. Monitoring Purposes GOLD: Long GDX on 10/9/20 at 40.78... Read More 

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With the Fed on Hold, Santa Just Revved Up the Sled; Think Value

by Joe Duarte

The Santa Claus rally has left the station and is barreling down the tracks, as the Federal Reserve is on hold... Read More