Top Advisors Corner August 30, 2020 at 04:25 PM
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 August 28, 2020 at 08:00 AM
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 August 26, 2020 at 02:11 PM
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 August 23, 2020 at 06:27 PM
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 August 20, 2020 at 10:40 PM
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 August 19, 2020 at 12:15 PM
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 August 18, 2020 at 05:03 PM
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 August 15, 2020 at 06:22 PM
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 August 14, 2020 at 02:12 AM
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 August 12, 2020 at 02:32 PM
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 August 09, 2020 at 04:37 PM
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 August 06, 2020 at 08:46 PM
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 August 05, 2020 at 01:28 PM
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 August 02, 2020 at 08:01 PM
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
