Top Advisors Corner

September 2020

Top Advisors Corner

The Ord Oracle September 29, 2020

by Tim Ord

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

At the Edge of Chaos: Possible V Bottom Ahead; Watch the Algos and the Fed

by Joe Duarte

In a market controlled by algorithmic traders (algos), any bottom can be a V bottom - or not... Read More 

Top Advisors Corner

The Ord Oracle September 22, 2020

by Tim Ord

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

At the Edge of Chaos: Don't Fight the Fed, But Be Cautious and Consider Options for Risk Management

by Joe Duarte

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

Is QE Good for Gold Prices?

by Tom McClellan

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

The Ord Oracle September 15, 2020

by Tim Ord

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

At the Edge of Chaos: Will the Fed Resort to Bazooka 2.0 and Will the Dip Buyers Emerge in Force?

by Joe Duarte

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

Circling Back to a Recent Non-Divergence

by Tom McClellan

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

At the Edge of Chaos: Sell Signal Possible, But Upside Reversal Could be Just as Sudden

by Joe Duarte

Algo-driven markets can swing on a dime... Read More 

Top Advisors Corner

COT Report Data on Copper

by Tom McClellan

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

Wall Street Sentiment - Is it Time to Panic?

by Mark Young

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

The Ord Oracle September 1, 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