Top Advisors Corner September 30, 2020 at 02:10 PM
We have updated this chart from yesterday. Back then, we said, "Now we have a 'Sign of Strength' day (above chart) where up volume compared to total volume stands at 80% and Advancing issues compared to declining issues is over 5/1... Read More
Top Advisors Corner September 27, 2020 at 07:21 PM
In a market controlled by algorithmic traders (algos), any bottom can be a V bottom - or not... Read More
Top Advisors Corner September 23, 2020 at 11:40 AM
Yesterday, we said "Today marks a fourth day down; 19 of the last 21 higher within 5 days. Pattern forming could be an ABC where "C" is equal to "A" would give target near 3180 SPX. Resistance lies near 3325, the previous low. Need to see panic in TICK and TRIN to form next low... Read More
Top Advisors Corner September 20, 2020 at 06:07 PM
The stock market's uptrend seems to be hanging on by a thread, yet the Federal Reserve has made it clear that it will continue to pump liquidity into the banking system to the tune of at least $120 billion per month, a $40 billion increase from its recent easing, while keeping in... Read More
Top Advisors Corner September 18, 2020 at 01:27 PM
The total Fed holdings of Treasury debt and mortgage-backed securities (MBS) held by the Fed are now at $6.4 trillion, up by $68.8 billion this week for the weekly data reported on Sep. 16... Read More
Top Advisors Corner September 16, 2020 at 01:48 PM
SPX Monitoring Purposes: Long SPX on 9/10/20 at 3339.19 Monitoring Purposes GOLD: Long GDX on 7/8/20 at 38.62 Long Term SPX Monitor Purposes: Neutral Yesterday we said, "Last Wednesday, the Tick closed at -268 and Thursday the TRIN closed at 2... Read More
Top Advisors Corner September 13, 2020 at 06:05 PM
Investors should be concerned in this market, but should not rule out more upside action in the not-too-distant future... Read More
Top Advisors Corner September 11, 2020 at 01:06 AM
Back on June 4, I wrote about how "Non-Divergences Are Better Than Divergences" in terms of seeing confirmation that there is more trending movement ahead. Analysts get excited about marking the turning points for prices, but trends are where the money gets made... Read More
Top Advisors Corner September 06, 2020 at 06:19 PM
Algo-driven markets can swing on a dime... Read More
Top Advisors Corner September 03, 2020 at 11:23 PM
Many analysts believe that high copper prices are a bullish statement about the future of economic growth in general. I would amend that slightly to say that rising copper prices make that statement... Read More
Top Advisors Corner September 03, 2020 at 10:22 PM
In our last submission, I said that, thanks to a dramatic improvement in many sentiment measures, the odds favored higher prices... Read More
Top Advisors Corner September 02, 2020 at 12:46 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
