Top Advisors Corner October 30, 2020 at 01:21 PM
Since the 2000 election, I have done comparisons of presidential poll numbers and the stock market, which have provided useful insights about how the election was going to turn out. This year, I am not so sure about it working as it has in the past, for a variety of reasons... Read More
Top Advisors Corner October 27, 2020 at 07:31 PM
Yesterday, we said "The circle red area is where the TICK and TRIN reached extreme panic levels, which are where bottoms form. We labeled these areas with the blue TICK close reading first and blue TRIN close readings second... Read More
Top Advisors Corner October 26, 2020 at 07:27 PM
I wrote about the record 30-year Treasury market COT on 10/8/20 (here), and am writing this to report another new record short position by the large specs... Read More
Top Advisors Corner October 25, 2020 at 05:35 PM
The tension in the stock market is palpable, but, with shifting polls, the odds of a stimulus deal being done possibly increasing, an easy Fed "forever" and tightening volatility indicators (see below), the odds favoring a big move in the stock market are rising... Read More
Top Advisors Corner October 23, 2020 at 12:26 PM
The VIX futures contract is a comparatively new product in the financial markets, first traded in March 2004. It has come to be an important product, especially for hedge funds who like to make bets with VIX futures... Read More
Top Advisors Corner October 21, 2020 at 12:27 PM
The second window down from the top is the 5 RSI, which is a momentum indicator. Momentum rules everything, and the 5-period RSI is below "0", suggesting momentum is weak... Read More
Top Advisors Corner October 18, 2020 at 06:15 PM
With the Federal Reserve steadily pushing money into the banking system, the only thing left to happen in order for a significant move higher, pre- or post-election, is some kind of stimulus package deal... Read More
Top Advisors Corner October 14, 2020 at 11:46 AM
Yesterday, the TICK closed at -122, which is at the low end of the panic range and not that reliable; TRIN closed today at 1.58 in the panic range. This combination can lead to short-term rallies, but are not that reliable... Read More
Top Advisors Corner October 11, 2020 at 05:08 PM
The "V" bottom that I thought was possible, as I noted in this space in my 9/27/2020 column, has materialized and, although the U.S... Read More
Top Advisors Corner October 08, 2020 at 04:07 PM
On several occasions, I have written about an extreme being hit in the weekly COTR (CFTC Commitment of Traders Report). I won't go into the workings of the COT Report, but you can see this article (Why I Watch the COT Report) if you want a little background... Read More
Top Advisors Corner October 07, 2020 at 12:16 PM
SPX Monitoring Purposes; Long SPX on 9/25/20 at 3298.46; sold 10/2/20 at 3348.94= gain 1.53% Monitoring Purposes GOLD: Long GDX on 7/8/20 at 38.96; Sold 9/21/20 at 39.76= gain 2... Read More
Top Advisors Corner October 03, 2020 at 02:58 PM
In what is becoming an increasingly murky world, especially after President Trump's COVID-19 diagnosis and the ensuing developments, one thing is clear - the market is dividing its time in worries... Read More
Top Advisors Corner October 01, 2020 at 08:56 PM
The S&P 500 has been correlating very strongly with its Presidential Cycle Pattern (PCP) over the past 5 months. It does not always correlate so strongly, so to see this current strong correlation gives greater confidence for how prices should behave forward from here... Read More
