Top Advisors Corner May 31, 2017 at 08:03 AM
SPX Monitoring purposes; Sold long SPX 5/23/17 at 2398.42 = +1.76%; Long SPX 5/17/17 at 2357.03. Monitoring purposes GOLD: Short GDX on 5/22/17 at 23.20. Long Term Trend monitor purposes: Neutral. Friday the McClellan Oscillator closed at +39... Read More
Top Advisors Corner May 25, 2017 at 09:00 AM
The SP500 has rebounded from the May 17 one-day panic to push to a higher high. But high-yield bond ETFs like HIO are not confirming that higher high, and that’s a problem. High yield bonds typically move in sync with the stock market rather than with T-Bonds... Read More
Top Advisors Corner May 24, 2017 at 12:21 PM
SPX Monitoring purposes; Sold long SPX 5/23/17 at 2398.42 = +1.76%; Long SPX 5/17/17 at 2357.03. Monitoring purposes GOLD: Short GDX on 5/22/17 at 23.20. Long Term Trend monitor purposes: Neutral. Yesterday the Equity put/call ratio (CPCE) closed at .54. CPCE readings less than ... Read More
Top Advisors Corner May 22, 2017 at 09:11 AM
We know by the message from lumber prices that the next 12 months should be a positive period for all sorts of housing related data. New home sales, for example, tends to follow in the footsteps of lumber price movements with a lag time of about 1 year... Read More
Top Advisors Corner May 18, 2017 at 01:42 PM
In an extended bull market with very few painful corrections, why does one down day feel so downright dreadful? The answer is “myopic loss aversion” which was proposed in the early 1990’s by Bernartzi and Thaler... Read More
Top Advisors Corner May 18, 2017 at 01:15 PM
The S&P 500 had its largest drop in price in 8 months yesterday as investors dumped shares on the possibility that President Trump had blocked justice by allegedly asking for the end to an FBI investigation on former cabinet member Flynn... Read More
Top Advisors Corner May 18, 2017 at 01:04 PM
In our last submission, we noted that our Wall Street Sentiment Survey data was showing the Surveyees leaning heavily Bearish, implying that the market was very likely to fall immediately, BUT then immediately reverse right after the immediate weakness... Read More
Top Advisors Corner May 17, 2017 at 09:55 AM
SPX Monitoring purposes; Sold SPX 5/5/17 at 2399.29 = gain 1.06%; Long SPX on 4/24/17 & 2374.15. Monitoring purposes GOLD: Neutral Long Term Trend monitor purposes: Neutral. This week is option expiration week which normally has a bullish bias... Read More
Top Advisors Corner May 12, 2017 at 02:15 PM
May 12, 2017 It is not a surprise that U.S. Treasury yields are correlated with those of other countries. And so it should not be too much of a surprise that when China’s 10-year sovereign bond yield is zooming upward, that the U.S. 10-year T-Note yield should follow... Read More
Top Advisors Corner May 10, 2017 at 10:45 AM
In going through my regular routine of macro indexes and breadth charts, I started to see some things that tend to happen before a correction. These three things range from the statistical to the anecdotal, but combining the three raises some concern... Read More
Top Advisors Corner May 10, 2017 at 10:32 AM
SPX Monitoring purposes; Sold SPX 5/5/17 at 2399.29 = gain 1.06%; Long SPX on 4/24/17 & 2374.15. Monitoring purposes GOLD: Neutral Long Term Trend monitor purposes: Neutral... Read More
Top Advisors Corner May 04, 2017 at 11:45 AM
This time of year, there is no escaping discussion of the “Sell in May and Go Away” phenomenon. That is, the idea that equity markets tend to be seasonally weak in the May-October period, then stronger in the November-April period... Read More
Top Advisors Corner May 03, 2017 at 08:42 AM
SPX Monitoring purposes; Long SPX on 4/24/17 & 2374.15. Monitoring purposes GOLD: Neutral Long Term Trend monitor purposes: Neutral. Above are the Cumulative Cash Flow Bear + money market/Cumulative Cash Flow bull + bear+ Sector + money market... Read More
