Top Advisors Corner

August 2020

Top Advisors Corner

At the Edge of Chaos: Stick with the Trend as the Fed Fuels Higher Stock Prices

by Joe Duarte

With the Federal Reserve admitting it wants inflation and injecting $80 billion per month into the banking system for the foreseeable future, regardless of what traditional analysis and history suggest, then, until proven otherwise, the odds favor a continuation of the uptrend fo... Read More 

Top Advisors Corner

Rainbow Convergence in T-Bond Prices

by Tom McClellan

Back in February 2019, I gave a brief lesson on a bit of charting magic known as a "rainbow convergence." T-Bond prices this month have given us another great opportunity to examine this topic... Read More 

Top Advisors Corner

The Ord Oracle August 25, 2020

by Tim Ord

SPX Monitoring Purposes: Sold long SPX 8/18/20 at 3389.78=gain .49%; long 3373.43. Monitoring Purposes GOLD: Long GDX on 7/8/20 at 38.62. Long Term Trend SPX Monitor Purposes: Short SPX 5/13/20 at 2820... Read More 

Top Advisors Corner

At the Edge of Chaos: Cautiously Picking Stocks and Managing Risk in an Evolving World

by Joe Duarte

Active traders are now balancing on a high wire, as the rally off of the March bottom is starting to show consistent signs of wear and tear while still offering some opportunities on the long side... Read More 

Top Advisors Corner

Commercial Traders are Long Dollar Index Futures

by Tom McClellan

The big money "commercial" traders of US Dollar Index futures are holding a rare net long position as a group... Read More 

Top Advisors Corner

The Ord Oracle August 18, 2020

by Tim Ord

SPX Monitoring Purposes: Sold long SPX 8/18/20 at 3389.78=gain .49%; long 3373.43. Monitoring Purposes GOLD: Long GDX on 7/8/20 at 38.62. Long Term Trend SPX Monitor Purposes: Short SPX 5/13/20 at 2820... Read More 

Top Advisors Corner

Index Divergences - Resting or Correction?

by Leslie Jouflas

On August 11, 2020, I was the guest host on StockCharts TV's Your Daily Five, where I had 10 minutes to present 5 charts. On that segment (watch here!), I discussed the Index divergences I was seeing... Read More 

Top Advisors Corner

At the Edge of Chaos: After the Dog Days Pass, Another Buy-on-the-Dip Opportunity Could Lie Ahead

by Joe Duarte

The long-term trend for stocks remains up, but shares could experience a short-term correction which, if it materializes, may be worse in the technology sector than other areas of the market... Read More 

Top Advisors Corner

Gold and Consumer Sentiment - The Linkage

by Tom McClellan

Gold is up this year, which is not news to anyone likely to be reading this. And it is going up even faster than the stock market. The effect of that difference in relative performance is that the DJIA/Gold Ratio in this week's chart has been falling... Read More 

Top Advisors Corner

The Ord Oracle August 11, 2020

by Tim Ord

SPX Monitoring Purposes: Sold long SPX 8/3/20 = gain 1.49%; Long SPX on 7/30/20 at 3246.22. Monitoring Purposes GOLD: Long GDX on 7/8/20 at 38.62. Long Term Trend SPX Monitor Purposes: Short SPX 5/13/20 at 2820... Read More 

Top Advisors Corner

At the Edge of Chaos: Stocks Seem Poised to Move Even Higher

by Joe Duarte

The whispered consensus on Wall Street is that the end of the bull market is near, that the economy will never recover, that the market makes no sense and the fact that the public is largely investing in stocks signals that something very bad is about to happen... Read More 

Top Advisors Corner

Lumber Prices Outpacing Timber

by Tom McClellan

The recovery from the COVID Crash has helped to boost lumber futures prices up to challenge the record high made in 2018. That peak in 2018 came about when the U.S... Read More 

Top Advisors Corner

The Ord Oracle August 4, 2020

by Tim Ord

SPX Monitoring Purposes: Sold long SPX 8/3/20 = gain 1.49%; Long SPX on 7/30/20 at 3246.22. Monitoring Purposes GOLD: Long GDX on 7/8/20 at 38.62. Long Term Trend SPX Monitor Purposes: Short SPX 5/13/20 at 2820. Yesterday's volume was light and today's volume is even lighter... Read More 

Top Advisors Corner

At the Edge of Chaos: It's Careful Time as Dog Days of August Could Bite

by Joe Duarte

With the month of August come the dog days on Wall Street, which traditionally means low volume and sluggish markets. Unfortunately, when the algos see low volume and few bids, the market often slides in big chunks, so this may be a very tough August – or not... Read More