Top Advisors Corner

At the Edge of Chaos: Do You Want to Be Right? Or Do You Want to Make Money?

by Joe Duarte

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

Unemployment is Not "Good," But it is Bullish

by Tom McClellan

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

The Ord Oracle May 26, 2020

by Tim Ord

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

At the Edge of Chaos: Who's the Greater Fool?

by Joe Duarte

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

Up, Down or Sideways: Will On Balance Volume Give Early Answers?

by Leslie Jouflas

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

Higher High for HY Bond A-D Line

by Tom McClellan

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

The Ord Oracle May 19, 2020

by Tim Ord

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

At the Edge of Chaos: A Practical COVID-19 Survival Guide for Investors

by Joe Duarte

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

Gold's Choppiness Index

by Tom McClellan

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

Learn Harmonic Swings and the AB=CD Trading Patterns

by Leslie Jouflas

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

The Ord Oracle May 12, 2020

by Tim Ord

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

At the Edge of Chaos: Something is About to Happen in the Markets, the Economy and People's Lives

by Joe Duarte

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

US Stock Market at a Major Decision Point

by John Kosar

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

Coils, Coils and More Coils

by Leslie Jouflas

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

Investors Fleeing Out of SPY

by Tom McClellan

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

The Ord Oracle May 5, 2020

by Tim Ord

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

At the Edge of Chaos: Again! Market Struggles at the Fed Tightens Liquidity

by Joe Duarte

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

Dow Stocks' Behavior Says More Uptrend Ahead

by Tom McClellan

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