Top Advisors Corner May 31, 2020 at 02:18 PM
Famed technician and collaborator of the late Marty Zweig, Ned Davis, is known for asking the question "Do you want to be right? Or do you want to make money?" And, as crass and cynical as the words may sound to the uninitiated, truer words were never spoken in the context of bei... Read More
Top Advisors Corner May 28, 2020 at 01:13 PM
The officially stated rate of U.S. unemployment in April 2020 was 14.7%, the highest since the Great Depression, when the data were not as rigorously tabulated compared to these days. Regardless of whether the 14.7% number is exactly correct (it isn't), it is still a high number... Read More
Top Advisors Corner May 27, 2020 at 02:14 PM
SPX Monitoring Purposes: Neutral Monitoring Purposes GOLD: Long GDX on 4/9/20 at 28.96; Sold 5/18/20 at 35.92 = 24% gain. Long Term Trend SPX Monitor Purposes: Short SPX 5/13/20 at 2820... Read More
Top Advisors Corner May 24, 2020 at 05:10 PM
Either institutional investors or the retail masses are going to face a serious market-related decision in the next few weeks to months. History says that retail investors are being lured into a bull trap... Read More
Top Advisors Corner May 23, 2020 at 07:32 PM
In this article, we will look at the On Balance Volume Index (OBV) and determine if it can help give us a leading edge in the direction of the $SPX, $INDU and $COMPQ indexes... Read More
Top Advisors Corner May 21, 2020 at 01:36 PM
Stock prices are doing their best impression of a V-bottom rebound, even if it is a somewhat lopsided V shape. For much of this rebound, it has been possible to argue that this is "just a bear market rally... Read More
Top Advisors Corner May 20, 2020 at 01:24 PM
SPX Monitoring Purposes: Neutral Monitoring Purposes GOLD: Long GDX on 4/9/20 at 28.96; Sold 5/18/20 at 35.92 = 24% gain. Long-Term Trend SPX monitor purposes: Short SPX 5/13/20 at 2820... Read More
Top Advisors Corner May 17, 2020 at 07:38 PM
Complexity is moving the financial world toward its next point of emergence and eventual evolution. On one side is the Federal Reserve, while on the other side is the complex adaptive system known as MEL... Read More
Top Advisors Corner May 14, 2020 at 06:56 PM
The 14-day Choppiness Index for gold prices is up to a really high level. The message of such a reading is that a new trending move should commence, but it does not tell us in which direction. The Choppiness Index was created by Australian commodities trader E.W... Read More
Top Advisors Corner May 14, 2020 at 01:34 AM
Markets often seem chaotic and random. However, with some time and patience, students of technical analysis can study swings and see the order within the chaos, as well as trading opportunities... Read More
Top Advisors Corner May 13, 2020 at 02:26 PM
SPX Monitoring purposes: Neutral Monitoring purposes GOLD: Long GDX on 4/9/20 at 28.96. Long Term Trend SPX monitor purposes: Flat Yesterday we said, "The SPY retraced 61.8% of the previous major decline from the March 23 low, which stands at 292.41... Read More
Top Advisors Corner May 10, 2020 at 06:11 PM
As many take time off to do the best they can under the strange new circumstances for Mother's Day celebrations, investors should prepare for what could be a significant and surprising set of events in the not-too-distant future as several distinct variables, political, behaviora... Read More
Top Advisors Corner May 07, 2020 at 07:34 PM
In my April 9th article for StockCharts, entitled How Sustainable is this Rally?, I discussed our analytical/investment process at Asbury Research and said it was basically a two-step approach: #1: identifying the key price levels, and then #2: determining what to do at those lev... Read More
Top Advisors Corner May 07, 2020 at 03:25 PM
At the time of this writing, I am seeing many, many charts, including indexes, individual stocks and ETFs, that have formed sideways ranges and are in coiling type patterns. I was a guest April 28, 2020 and May 7, 2020 on the new StockCharts... Read More
Top Advisors Corner May 07, 2020 at 01:41 PM
Stock prices have risen energetically off of the March 23 price low. At first, there was a big surge of money pouring into SPY, the largest of the S&P 500 ETFs, and that lifted its number of shares outstanding... Read More
Top Advisors Corner May 06, 2020 at 12:53 PM
SPX Monitoring Purposes: Neutral Monitoring Purposes GOLD: Long GDX on 4/9/20 at 28.96. Long Term Trend SPX Monitor Purposes: Flat Yesterday's decline touched the 61.8% retracement level of the previous minor rally, showing the market is losing strength... Read More
Top Advisors Corner May 04, 2020 at 12:00 AM
I don't like the phrase "sell in May and go away." But it certainly looks tempting these days, especially after a dismal earnings report from Warren Buffet's Berkshire Hathaway (BRK/A) and news of the Fed reducing liquidity hit... Read More
Top Advisors Corner May 01, 2020 at 02:28 PM
The market has rallied strongly off of the March 23 bottom, and the enduring question is whether it is a new uptrend or just a snapback rally. This week's chart argues for more rally yet to come... Read More
