Top Advisors Corner

April 2021

Top Advisors Corner

How Valuation Behavior Has Changed Over Time

by Tom McClellan

I have been writing professionally about the financial markets since 1995 and, in all of that time, I have almost never referenced valuation... Read More 

Top Advisors Corner

The Ord Oracle April 27, 2021

by Tim Ord

The middle window is the two-day average of the TRIN; readings above 1.50 are bullish for the market and below .65 are bearish. Today's close comes in .82 and leans bearish; a reading above 1.00 would lean bullish... Read More 

Top Advisors Corner

At the Edge of Chaos: Market Breadth Says Ignore the Bad News as Banks Turn Bearish

by Joe Duarte

If you're uncomfortable with this market, you are not alone; it certainly is a head-scratching place for sure. Yet the combination of the ever-present Wall of Worry and easy money from the Fed continue to move stocks higher as every dip is being bought over and over again... Read More 

Top Advisors Corner

Lumber Blowoff and Falling Open Interest

by Tom McClellan

The lumber futures market is a pretty thin market, with only around 3,000 contracts open. Compare that to the eMini SP500 futures contract, which has 2.6 million contracts open. In lumber futures, a single small order can move the market... Read More 

Top Advisors Corner

The Ord Oracle April 20, 2021

by Tim Ord

SPX Monitoring Purposes: Sold long 4/9/21 SPX at 4128.80= gain 6.16%; Long SPX on 3/24/21 at 3889.14. Monitoring Purposes GOLD: Long GDX on 10/9/20 at 40.78. Long Term SPX Monitor Purposes: Sold long SPX on 1/15/21 at 3768.25= gain 10.80%; Long SPX on 10/26/20 at 3400.97... Read More 

Top Advisors Corner

At the Edge of Chaos: Stock Momentum Gathers Steam; Plus, a Small Stock with Big Upside Potential Under the Hood

by Joe Duarte

As crazy as it may sound, the odds are still better than even that this rally in stocks may be well from over... Read More 

Top Advisors Corner

NDX Stocks Above 100MA

by Tom McClellan

The Nasdaq 100 Index (NDX) is finally back to making new all-time highs, something that the S&P 500 has been doing more regularly in 2021. The NDX suffered a painful dip in February 2021, as big tech suddenly fell out of favor. Now, those stocks are back in favor once again... Read More 

Top Advisors Corner

The Ord Oracle April 13, 2021

by Tim Ord

SPX Monitoring Purposes: Sold long 4/9/21 SPX at 4128.80= gain 6.16%; Long SPX on 3/24/21 at 3889.14 Monitoring Purposes GOLD: Long GDX on 10/9/20 at 40.78 Long Term SPX Monitor Purposes: Sold long SPX on 1/15/21 at 3768.25= gain 10.80%; Long SPX on 10/26/20 at 3400... Read More 

Top Advisors Corner

At the Edge of Chaos: The Fed is About to Tinker with QE – and Stocks and Bonds Could Get More of a Boost

by Joe Duarte

As I've suggested over the last two weeks, the stock market was poised for a breakout. And the odds for more gains in the short-term are still well above average... Read More 

Top Advisors Corner

The Message of a Bumpy Summation Index

by Tom McClellan

Indicators like the McClellan Summation Index can tell us a lot by the level they get to. But they can also tell us a lot based on the patterns they show, or, in some cases, the patterns they don't show... Read More 

Top Advisors Corner

The Ord Oracle April 6, 2021

by Tim Ord

SPX Monitoring Purposes; Long SPX on 3/24/21 at 3889.14. Monitoring Purposes GOLD: Long GDX on 10/9/20 at 40.78. Long Term SPX Monitor Purposes: Sold long SPX on 1/15/21 at 3768.25= gain 10.80%; Long SPX on 10/26/20 at 3400.97. The market is in a strong position... Read More 

Top Advisors Corner

At the Edge of Chaos: More to Come as Options Push SPX to New Highs, The Fed Pumps and Shorts Capitulate – A Potential Monster Breakout Looms

by Joe Duarte

"I go to parties sometimes until four. It's hard to leave when you can't find the door" – Joe Walsh. As I've said here many times, I'm not bearish, but there is something quite unusual going on in this market and it's worth exploring in some detail... Read More