Top Advisors Corner

August 2021

Top Advisors Corner

At the Edge of Chaos: Don't Fight the Fed; Straddle the Fence, Trade One Day at a Time.

by Joe Duarte

It's a decades-old adage, made famous by the late Marty Zweig: "Don't fight the Fed." And the market rally on 8/27/21 proved once again that it has stood the test of time... Read More 

Top Advisors Corner

A-D Line's Troubling Divergence

by Tom McClellan

When last I wrote here about the NYSE Advance-Decline (A-D) Line in March 2021, there had just been a little divergence, which had resolved itself by the A-D Line moving to a higher high... Read More 

Top Advisors Corner

The Ord Oracle August 24, 2021

by Tim Ord

SPX Monitoring Purposes: Sold 8/24/21 at 4486.23=gain 1.83%; Long SPX on 8/19/21 at 4405.80. Monitoring Purposes GOLD: Long GDX on 10/9/20 at 40.78. Long Term SPX Monitor Purposes: Neutral... Read More 

Top Advisors Corner

At the Edge of Chaos: Manage Risk, But Consider an Algo Head Fake

by Joe Duarte

Last week's breadth sell signal (see below) was fairly convincing and should be taken seriously. But, given the way the algos work, (stealth, cunning, sleight of hand, and misdirection), it's worth considering that the selloff is yet another head fake. And here is why... Read More 

Top Advisors Corner

Flash Alert: Market Breadth is No Longer Bullish

by Joe Duarte

Unless things reverse, the New York Stock Exchange Advance Decline line (NYAD) has given a sell signal, as it has fallen below its 50-day moving average and below the 50 area on its RSI simultaneously. That is a Duarte 50-50 sell signal... Read More 

Top Advisors Corner

The Ord Oracle August 17, 2021

by Tim Ord

SPX Monitoring Purposes: Sold long 8/9/21 at 4432.35=gain .466%; long 7/23/21 SPX 4411.79 Monitoring Purposes GOLD: Long GDX on 10/9/20 at 40.78. Long Term SPX Monitor Purposes: Neutral Yesterday, we said "The strongest week seasonality-wise for the next four weeks is this week... Read More 

Top Advisors Corner

At the Edge of Chaos: It's a Supply Squeeze – Not Necessarily a Bubble

by Joe Duarte

"The edge of chaos is a transition space between order and disorder that is hypothesized to exist within a wide variety of systems. This transition zone is a region of bounded instability that engenders a constant dynamic interplay between order and disorder... Read More 

Top Advisors Corner

What Happens to Gold When Real Yields Go Too Far

by Tom McClellan

Gold analysts have long "known" that the real interest rates have an effect on gold prices. By "real" interest rates, I am referring to the inflation-adjusted interest rates, which, in this week's chart, are represented by the 3-month T-Bill yield minus the CPI Inflation rate... Read More 

Top Advisors Corner

The Ord Oracle August 10, 2021

by Tim Ord

SPX Monitoring Purposes: Sold long 8/9/21 at 4432.35=gain .466%; long 7/23/21 SPX 4411.79 Monitoring purposes GOLD: Long GDX on 10/9/20 at 40.78. Long Term SPX Monitor Purposes: Neutral This week is the week before options expiration week and is a week where whipsaws are common... Read More 

Top Advisors Corner

At the Edge of Chaos: Worried About the Fed? Hedge with Options

by Joe Duarte

"The edge of chaos is a transition space between order and disorder that is hypothesized to exist within a wide variety of systems. This transition zone is a region of bounded instability that engenders a constant dynamic interplay between order and disorder... Read More 

Top Advisors Corner

The Ord Oracle August 3, 2021

by Tim Ord

SPX Monitoring Purposes: Long 7/23/21 SPX 4411.79 Monitoring Purposes GOLD: Long GDX on 10/9/20 at 40.78. Long Term SPX Monitor Purposes: Neutral A week ago last Friday, the 2-day TRIN closed at 3.36, which is a bullish sign short-term. Yesterday, the two day TRIN closed at 3... Read More 

Top Advisors Corner

At the Edge of Chaos: Options Traders May Be Turning Bullish

by Joe Duarte

Despite some sloppy trading action and some sluggishness in the market's breadth, there may be some good news developing in the options market, which could bode well for stocks in the not-too-distant future (barring some sort of unpleasant surprise)... Read More