Top Advisors Corner

March 2020

Top Advisors Corner

Wall Street Sentiment - Dead Cat Bounce or Something More?

by Mark Young

In our last submission, I said that it was likely to take at least a couple more weeks to get enough data to get some clarity on the coronavirus and that, at that point, the market would likely have either begun bottoming or have overshot the mark and begun a sharp rally... Read More 

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S&P 500 and the Other Indices Still in Tight Range

by Mish Schneider

After inside days in three of the four indices, Monday traded in an even tighter range. This made for some choppy trading conditions in the indices and many stocks. Again, we have a good technical setup as the DIA, and the Russell 2000 had inside days from Friday's trading range... Read More 

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At the Edge of Chaos: What Should We Focus On?

by Joe Duarte

After the past six weeks of bearishness, this market needs a pause. But, as we've seen over the last few weeks, by Monday morning anything is possible, especially after the NIH infectious disease chief, Dr... Read More 

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Sell High or Sell Low, Overall Market Weakness is Inevitable

by Mish Schneider

The market loves the stimulus from both the Banks and the Government. Or, at least, we can thank both as to why the market stopped the bleed and rallied, in some cases over 20%, off the lows... Read More 

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QE is Bullish for Stocks, Bearish for Bonds

by Tom McClellan

The Federal Reserve invented "quantitative easing," or QE, back in 2009 as a way to try to stimulate the economy out of the damage of the 2008 financial crisis. It worked! Or, perhaps I should say, it worked at lifting up the stock market... Read More 

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Is China the Best Place to Park Your Money?

by Aleksandar Bozic

Hello fellow StockCharts users. China is returning to work and the economy slowly getting back to normal... Read More 

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Economic Modern Family Gnomes - How'd They Do?

by Mish Schneider

We came into today with Transportation (IYT), Retail (XRT), Biotechnology (IBB) and the Russell 2000 (IWM) all having inside weeks. I do not mean any insult calling a Family of my creation gnomes, but, since the rally today was mythical and perhaps not real, I thought it apt... Read More 

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US Stocks: How Low Can You Go?

by John Kosar

In my March 11th article for StockCharts, entitled "Identifying Opportunity From Fear", I pointed out that the benchmark S&P 500 (SPX) was testing formidable underlying support at 2856 to 2822 and said that, should this area be broken, it would clear the way for an additional 5% ... Read More 

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Where Do We Go from Here?

by Aleksandar Bozic

Hello fellow StockCharts users. We seem to be finally gaining some steam here in the markets, but where do we go from here? I thought I would give you a few interesting charts that I'm watching on the S&P 500... Read More 

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The Ord Oracle March 24, 2020

by Tim Ord

SPX Monitoring purposes: Long SPX on 3/23/20 at 2237.40 Monitoring purposes GOLD: Flat Long Term Trend SPX monitor purposes: Flat Today's rally produced a "Sign of Strength" both in the Advance/Decline line and the Up/Total volume indicators... Read More 

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The Economic Modern Family's House Still Stands

by Mish Schneider

I expected a 5-10% rally off the lows. What I did not expect was for it to happen in one day. However, the bigger question now is, is there more? Fundamentally, the problems are still very much problems. Italy's death rate continues to spiral. India shut down... Read More 

Top Advisors Corner

Who Doesn't Love Pizza!

by Aleksandar Bozic

Hello fellow StockCharts Users. Who doesn't love pizza? I know I'm a big of anything pizza-related, except the whole trend with putting pineapples on pizzas. There are few setups that are interesting to me such as Domino's (DPZ) & Papa Johns (PZZA)... Read More 

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Indexes Showing Signs of Momentum Shifts Pointing Towards Rally

by Leslie Jouflas

On February 19, 2020, I was a guest on David Keller's show The Final Bar on StockCharts TV. The two charts I presented were of the SP 500 Emini which combined intraday and longer term analysis. (Please feel free to view that episode, available on the StockCharts YouTube channel... Read More 

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To All the Bulls I've Loved Before

by Mish Schneider

Rather than comment on commodities, which I hope you read in my blog about over the weekend and saw today how well they performed relative to the overall market, I want to dedicate the Modern Family to those singing, "To All the Bulls I've Loved Before... Read More 

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The Ultimate Work-From-Home Stocks

by Aleksandar Bozic

Hello fellow StockCharts Users. As you all know, in recent weeks, with the Coronavirus getting more severe, we have seen companies mandating their employees to work from home... Read More 

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At the Edge of Chaos: I Am Hopeful, Ready, Willing and Able to Buy Stocks

by Joe Duarte

I am hopeful. I am also ready, willing and able to buy stocks as soon as the all-clear signal is given by the markets... Read More 

Top Advisors Corner

Who's Done the Market Wrong?

by Mish Schneider

"Come up and see me sometime," are six words nobody is saying these days. The film She Done Him Wrong, was made in 1933, although it takes place in 1890 NYC. Mae West's character Lady Lou, an entertainer, receives a lot of expensive diamonds from her boss and benefactor... Read More 

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Why are Investors Drinking the Bullish Kool-Aid?

by Mish Schneider

Today I asked this question on Twitter: "Can I ask a simple question-why do I see so few thinking sell opp as opposed to the hopeful mentality of this must be a bottom? Why do you think this is like Dec 2018 and not more like October 2008 or worse?" I got a lot of answers, which ... Read More 

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Stock Market Showing Another Example of "Rogue Wave" Behavior

by Tom McClellan

The term "rogue wave" applies to strangely massive waves which occur in the ocean. And the same physics appears to show up in the movements of stock prices... Read More 

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Hot Air Blows the Market Over - What to Watch Now

by Mish Schneider

Literally, just as the circuit breakers halted the market action midday, as they have four times already this week, the "experts" were talking their..... Read More 

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The Ord Oracle March 17, 2020

by Tim Ord

SPX Monitoring purposes: Flat Monitoring purposes GOLD: Long GDX on 1/29/19 at 21.96. Long Term Trend SPX monitor purposes: Flat The above chart goes back over five years and shows the times when the 10-day TRIN reached above 1.30 (panic level) and the 5-day above 1... Read More 

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We are in the Business to Make Money

by Mish Schneider

Since I did a comprehensive interview with Dale Pinkert of Forex Analytics early today, I thought you might enjoy a listen... Read More 

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Worst Selloff Since 1987

by Mish Schneider

The Russell 2000 (IWM)'s worst selloff ever. I was on the floor of the NY Commodities Exchanges on October 19th, 1987. At the time, high rates were partly to blame for the crash. The stock market took a year to recover... Read More 

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At the Edge of Chaos: You Can't Go Wrong Holding Cash at the Moment

by Joe Duarte

This post was originally written on Sunday, March 15th, 2020. No matter what, you can't go wrong with lots of cash at the moment. If the rally we saw on Friday afternoon 3/13/2020 fades, investors will be in a lot of pain in a hurry... Read More 

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Market Matador Counts on Querencia - ¡Olé!

by Mish Schneider

Metaphor for the week: In bullfighting, there is a term called querencia, which is the spot in the ring to which the bull returns... Read More 

Top Advisors Corner

Gold Moving Lower Despite COVID-19

by Tom McClellan

Gold futures fell $52/oz on Thursday, March 12, the same day that stock prices fell 10% and everyone became worried about catching COVID-19... Read More 

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"It's Going to Bounce Back Very Big"

by Mish Schneider

Trump said this at the White House early Thursday. Yet that is not the topic for today; rather, this post is about the FED and their attempt to calm the markets. Less talky and more action-y than Trump, in essence, the FED believes the same thing... Read More 

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Are the Canadian Banks at Risk?

by Aleksandar Bozic

Hello fellow StockCharts users. The Canadian banks are a staple in investment portfolios across Canada; could they possibly be setting up for a potential move lower? Over the weekend, we learned about the new developments that will cause disruptions in the oil markets... Read More 

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When Buy and Hold Leads to This

by Mish Schneider

The most disturbing part of this whole market debacle is that I am getting calls from friends who have lost well more than 6 figures from their retirement accounts... Read More 

Top Advisors Corner

Identifying Opportunity From Fear

by John Kosar

On February 19th, the benchmark S&P 500 (SPX) had just set a new all-time high before collapsing by 538 points, or 16%, by February 28th into formidable underlying support at 2856 to 2822. This support level is highlighted in green in Chart 1 below... Read More 

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Here's the Most Important Chart I'm Watching!

by Aleksandar Bozic

Hello fellow StockCharts users. As many of you know, there are a handful of intermarket charts and tools you can deploy to help you with uncertain times. I prefer this simple and easy chart of the SPY going back 20 years... Read More 

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Bulls Riding Bears - I Got This!

by Mish Schneider

Following up on the Biotechnology IBB sector, it failed the low price from two weeks ago (109.70) until headlines (below) hit the tape. Furthermore, four of the Modern Family members have broken a monthly moving average that has held since 2011... Read More 

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Gold - COT Report 3/7/2020

by Tim Taschler

I last wrote about the Gold COT in January and thought it was time to take another look. As you can see from the chart below, not much has changed: Source: Software North, 3/6/20 The large specs (blue bars above) are still close to their record net long position... Read More 

Top Advisors Corner

VIX Rise Overdone, But Part of Enduring Trend

by Tom McClellan

The market has put on a big VIX Index spike in early 2020, thanks to worries about the novel coronavirus and the 2020 election. While the immediate spike is overdone in the short term, it is also part of a larger uptrend in the VIX which is due to last until March 2021... Read More 

Top Advisors Corner

A Big Base Breakout is Occurring in this Medical Equipment Stock!

by Aleksandar Bozic

Hello fellow StockCharts users; is your portfolio in pain? Do you need rehab from these markets? Well, this big base breakout may be interesting to you... Read More 

Top Advisors Corner

Here's One Financial Service Stock Breaking Out

by Aleksandar Bozic

Hello fellow StockCharts users! With markets free-falling and stocks pulling back to their 200-day moving averages, it may be hard to find a stock that's actually breaking out. Well here's a name that you can consider..... Read More 

Top Advisors Corner

Risk & Volatility

by Tim Taschler

Wall Street, through various academics and theorists, has brought forth various ways to give the appearance that the future action of the market is somehow rational or predictable... Read More