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Top Advisors Corner

Tim Ord: The Ord Oracle December 6, 2017

by Tim Ord

SPX Monitoring purposes; Neutral Monitoring purposes GOLD: Short GDX on 11/13/17 at 22.56 Long Term Trend monitor purposes: Neutral. Last Friday had a big jump in Volume suggesting “Selling Climax”.  Most “Selling Climax” lows are tested and if tested on lighter Volume would suggest support and could mark the next low.  This is the week before Option Expiration which whipsaws are common. Today the McClellan Oscillator closed below “0” suggesting the short term trend has turned down.  There is a cycle low due around December 13 (next Wednesday) plus or minus a day or so Read More 

Top Advisors Corner

David Keller: Big Tech and Big Round Numbers

by David Keller

I have always been entertained when stocks find support and resistance at big round numbers.  I’m not the only one to have noticed this phenomenon, as you can see from articles by stockcharts.com writers Arthur Hill and Greg Schnell.   Some have attributed this phenomenon to a behavioral bias called “round number bias” where people tend to gravitate to big round numbers such as 10, 100, and 1000 as anchors.  In fact, academic research has even recognized price clustering around round numbers. Why do big round numbers have such an influence on Read More 

Top Advisors Corner

Tom McClellan: QQQ Volume Gave Us a Tell

by Tom McClellan

The high volume seen in QQQ on a recent selloff was a signal that short term bearish sentiment had gotten overdone. The tech selloff on Nov. 29, 2017 was a peculiar one, as it was not echoed elsewhere in the market.  Instead, we saw the FANG and semiconductor stocks down hard, but the DJIA was actually up on the day.  And then the next day, all of the indices were up strongly, as if whatever was worrying tech investors on Nov. 29 was magically all over.  The high volume in QQQ was a sign of a concentrated moment of panic, which evidently washed itself out all at once Read More 

Top Advisors Corner

Tim Ord: The Ord Oracle November 29, 2017

by Tim Ord

SPX Monitoring purposes; Sold SPX on 11/17/17 at 2578.85 = gain of .55%; long 11/15/17 at 2564.62 Monitoring purposes GOLD: Short GDX on 11/13/17 at 22.56 Long Term Trend monitor purposes: Neutral. The second window down form the top is the SPY and below that is the High Yield Corporate Bond (HYG).  HYG has a good short term history of producing a divergence near short term highs on the SPY.  Today the SPY surged to a new high and HYG made a lower high setting up a short term divergence along with the SPY closing outside of its upper Bollinger band and add to the divergences Read More 

Top Advisors Corner

David Keller: Blue Skies for Airlines

by David Keller

As part of my regular sector and industry review process, I like to use RRG charts to better understand sector and group rotation.   I was surprised to see the airlines group rotating from the Lagging to the Improving.  This means that although the group has been underperforming, the momentum is starting to increase. Let’s review a chart of the NYSE Arca Airline Index ($XAL) to see how that relates to the move on the RRG chart.  Then we can dig deeper into some of the airline charts to understand the rotation in more detail. Read More 

Top Advisors Corner

Mary Ellen McGonagle: How To Play The Hot IPO Market - One Sound Approach Can Get You In Front Of The Big Winners.

by Mary Ellen McGonagle

While the number of IPO’s listed in the U.S. continues to dwindle, there have been enough big winners in these newer issues to make it worth your while to check out these stocks.  After all, the powerhouse FANG stocks of today all started out as new issues. To be fair, investing in new issues is not for the faint of heart as these generally smaller companies can be quite volatile. Most new IPO’s can bounce around for quite some time while growing but once investors see a promising trajectory of solid earnings and sales, shares can be bid up swiftly.  Read More 

Top Advisors Corner

Tim Ord: The Ord Oracle October 22, 2017

by Tim Ord

SPX Monitoring purposes; Sold SPX on 11/17/17 at 2578.85 = gain of .55%; long 11/15/17 at 2564.62 Monitoring purposes GOLD: Short GDX on 11/13/17 at 22.56 Long Term Trend monitor purposes: Neutral.   We where thinking that the large gap that formed last Thursday’s was going to get filled sooner rather than later; Turns out that was not the case.   Today’s rally did break above the recent highs and volume did confirm the breakout.  Today’s close did run into the upper Bollinger Band and is running into a round number both of which are resistance.  Volume most likely Read More 

Top Advisors Corner

Tom McClellan: China's 10-year Yield Bumping 4%

by Tom McClellan

Even before President Trump’s Asia trip, Chinese 10-year sovereign bond yields have been pushing higher.  And that means we should expect the same for U.S. 10-year T-Note yields. I wrote about this relationship back in May 2017, noting that a big spread between the yields in China and the U.S. can mark an inflection point for U.S. yields.  To identify when the spread was getting to an actionable point, I used 50-2 Bollinger Bands.  That designation means that the bands are set 2 standard deviations above and below a 50-day moving average.  I have left that moving Read More 

Top Advisors Corner

Tim Ord: The Ord Oracle November 15, 2017

by Tim Ord

SPX Monitoring purposes; Neutral Monitoring purposes GOLD: Short GDX on 11/13/17 at 22.56 Long Term Trend monitor purposes: Neutral.   Yesterday the SPY ran into the gap level at the 259 to 258.5 level that develop between last Wednesday’s close to Thursday’s open and on lighter volume showing the gap has resistance. Not sure what will happen tomorrow but so far we have not seen the combination both panic in the Tick and Trin suggests a bottom has not been found yet   Statistics show that November option expiration are up 70% of the time but it appears this November could be Read More 

Top Advisors Corner

Tom McClellan: The New FANG Plus

by Tom McClellan

The InterContinental Exchange (ICE) has just rolled out a new futures contract called the NYSE FANG+™, based on the original four FANG stocks (Facebook, Amazon, Netflix, and Google) plus 6 others.  The FANG term was originally coined by CNBC’s Jim Cramer.  Some analysts are seeing this as a sign of peak excitement over the trendy tech stocks, akin to a magazine cover indication.  While they may have a point, they are likely early in making this call. The ICE website describes the properties of the new futures contract, which is based on an equal weighting of the Read More 

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