Top Advisors Corner July 31, 2022 at 05:26 PM
The short-term trend for stocks has turned decidedly up, as a combination of short-covering, corporate stock buybacks and seasonal end-of-month buying hit simultaneously. The market breadth has been quite good (see NYAD data below)... Read More
Top Advisors Corner July 28, 2022 at 08:23 PM
Starting in December 2000, the Bureau of Labor Statistics has published what it calls the Job Openings and Labor Turnover Survey (JOLTS). In simple terms, it is a measure of how many job openings there are... Read More
Top Advisors Corner July 27, 2022 at 01:15 PM
SPX Monitoring Purposes: Long SPX on 5/31/22 at 4151.09. Monitoring Purposes GOLD: Long GDX on 10/9/20 at 40.78. Long Term SPX Monitor Purposes: Neutral. The FOMC meeting ends Wednesday, with the announcement coming at 2:00pm Eastern... Read More
Top Advisors Corner July 24, 2022 at 03:20 PM
Something's got to give. After the triple bottom I pointed out in this space last week, the major indexes crossed back above key moving averages, but ran into overhead resistance, despite the market's breadth improving as liquidity measures pulled back... Read More
Top Advisors Corner July 21, 2022 at 02:43 PM
If we look at the classic version of the McClellan Volume Summation Index in this week's chart, then there is some reason for the bulls to have hope... Read More
Top Advisors Corner July 20, 2022 at 03:35 PM
SPX Monitoring Purposes: Long SPX on 5/31/22 at 4151.09. Monitoring Purposes GOLD: Long GDX on 10/9/20 at 40.78. Long Term SPX Monitor Purposes: Neutral... Read More
Top Advisors Corner July 17, 2022 at 08:32 PM
The Fed will be raising interest rates again soon. Of course, the question is whether the central bank will raise the Fed Funds rate by 0.75 or 1.00 percent. And if the recent inflation data – 9.1% and 11... Read More
Top Advisors Corner July 15, 2022 at 06:09 PM
In my article last week, I made the case that the market reward-to-risk has shifted to the upside and that 3740 on the S&P looked like it had strong support on any pullback. As you can see in the chart below, that level was indeed challenged on Thursday and held like a champ... Read More
Top Advisors Corner July 15, 2022 at 02:44 PM
The once very stable relationship between the copper/gold ratio and T-Note yields is starting to wobble into an increasingly unstable situation. For many years, there has been a really reliable relationship between bond yields and the ratio of copper prices to gold prices... Read More
Top Advisors Corner July 13, 2022 at 12:48 PM
SPX Monitoring Purposes: Long SPX on 5/31/22 at 4151.09. Monitoring Purposes GOLD: Long GDX on 10/9/20 at 40.78. Long Term SPX Monitor Purposes: Neutral. We thought today would be an up day, in that the TRIN closed yesterday at 2... Read More
Top Advisors Corner July 10, 2022 at 07:09 PM
Forget the market's external troubles. Instead, focus on liquidity... Read More
Top Advisors Corner July 09, 2022 at 12:27 PM
When the S&P hit a low of 3636 on June 17 (what I refer to as the "Bowley Bottom"), it had fallen almost 25% from its January 4 high of 4818. Since that June 17 low, the S&P rose 7.7%, touching 3918 on Friday... Read More
Top Advisors Corner July 07, 2022 at 01:22 PM
Crude oil futures prices peaked on June 8, 2022, with a closing price of $122.41/barrel for the near-month contract. Since then, prices have fallen 24 points to a closing price of 98.13 on July 6... Read More
Top Advisors Corner July 06, 2022 at 02:38 PM
SPX Monitoring Purposes: Long SPX on 5/31/22 at 4151.09. Monitoring Purposes GOLD: Long GDX on 10/9/20 at 40.78. Long Term SPX Monitor Purposes: Neutral. We marked the close prices in blue for the TRIN (first #) and TICK (second #) over the last couple of weeks... Read More
Top Advisors Corner July 03, 2022 at 05:08 PM
Bond traders have talked themselves into believing the Fed will kill the economy just as stock traders are starting to think that a fading economy could be a good thing, since it would cause the Fed to ease rates... Read More
