Top Advisors Corner June 30, 2020 at 07:30 PM
Given the wild price action this year in both the stock and oil markets, I figured it was time to provide an updated of crude oil's 10-year leading indication for stock prices... Read More
Top Advisors Corner June 28, 2020 at 06:37 PM
Stock traders just got a wakeup call and the Federal Reserve, warts and all, seems to have been caught napping... Read More
Top Advisors Corner June 24, 2020 at 12:57 PM
SPX Monitoring Purposes: Long SPX on 6/18/20 at 3115.34. Monitoring Purposes GOLD: Sold GDX on 6/11/20 at 32.83=gain; long GDX on 6/8/20 at 32.79. Long Term Trend SPX Monitor Purposes: Short SPX 5/13/20 at 2820... Read More
Top Advisors Corner June 20, 2020 at 07:10 PM
As the traditionally sleepy summer trading season rolls into high gear, the combination of low volume and anemic liquidity from the Federal Reserve may make for a bumpy market, although in the current Post New Normal period, there are no guarantees that seasonal patterns will rem... Read More
Top Advisors Corner June 20, 2020 at 06:50 PM
Note: None of the markets, ETFs or stocks listed in this article are recommendations to buy or sell. This article is intended for educational purposes only. The Indexes, $SPX, $COMPQ and $INDU, have all rallied and tested important resistance areas... Read More
Top Advisors Corner June 17, 2020 at 07:33 PM
I love intermarket relationships, especially ones which can give useful insights. This week's chart looks at the ratio of copper prices to gold prices and compares that to the 10-year T-Note yield... Read More
Top Advisors Corner June 17, 2020 at 12:52 PM
SPX Monitoring Purposes: Neutral Monitoring Purposes GOLD: Sold GDX on 6/11/20 at 32.83=gain; long GDX on 6/8/20 at 32.79. Long-Term Trend SPX Monitor Purposes: Short SPX 5/13/20 at 2820... Read More
Top Advisors Corner June 14, 2020 at 07:38 PM
If the Federal Reserve doesn't change its current policy implementation methods, the 1800 point decline in the Dow Jones Industrial average we saw on June 11 will happen over and over again... Read More
Top Advisors Corner June 11, 2020 at 07:37 PM
Back on March 19, I wrote here about "Stock Market Showing Another Example of ‘Rogue Wave' Behavior". This week's chart updates that same chart from the article 3 months ago. The only change is that 3 more months' price data have been added... Read More
Top Advisors Corner June 10, 2020 at 03:33 PM
SPX Monitoring purposes: Neutral Monitoring purposes GOLD: Long GDX on 6/8/20 at 32.79. Long-Term Trend SPX monitor purposes: Short SPX 5/13/20 at 2820. The SPY is running into the February gap, which is a natural resistance level... Read More
Top Advisors Corner June 07, 2020 at 05:20 PM
I've been bullish on this market since soon after the mid-March bottom. However, I'm not taking a victory lap, as I full well know that the market is a perverse beast and that, once today is over, no one knows what tomorrow will bring... Read More
Top Advisors Corner June 05, 2020 at 01:50 AM
Chartists love to go looking for divergences of all types, because they can tell us ahead of time that a reversal for prices is coming. That can be fun information to get. But divergences are problematic by nature... Read More
Top Advisors Corner June 03, 2020 at 01:04 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. SPY may be going for the early March swing high near 310... Read More
Top Advisors Corner May 31, 2020 at 11:32 PM
Note: None of the markets, ETFs or stocks listed in this article are recommendations to buy or sell. This article is intended for educational purposes only. In this article, we'll look at a current Parallel Trend Channel pattern seen on the Daily chart of NASDAQ... Read More
