Top Advisors Corner August 31, 2022 at 02:41 PM
I like sentiment indicators of all types, and I like the more obscure ones even better, the kind that almost nobody watches. This week's chart shows one such sentiment indicator for gold prices... Read More
Top Advisors Corner August 31, 2022 at 02:23 PM
SPX Monitoring Purposes: Long 8/29/22 4030.61 Monitoring Purposes GOLD: Long GDX on 10/9/20 at 40.78 Long Term SPX Monitor Purposes: Neutral On Friday, the TRIN closed at 2... Read More
Top Advisors Corner August 28, 2022 at 05:49 PM
The dust will eventually clear, but the 200-day moving average for the New York Stock Exchange Advance Decline line (NYAD) turned into a brick wall last week, and the CBOE Volatility Index (VIX) says there is more trouble ahead for stocks... Read More
Top Advisors Corner August 26, 2022 at 11:29 AM
Gold prices bottomed on July 15, 2022, and moved up nicely to a top on August 12. That up move in prices was accompanied by an up move in the McClellan Price Oscillator, which is the difference between a 10% Trend and 5% Trend (19- and 39-EMA) of closing prices... Read More
Top Advisors Corner August 24, 2022 at 12:53 PM
SPX Monitoring Purposes: Neutral. Monitoring Purposes GOLD: Long GDX on 10/9/20 at 40.78. Long Term SPX Monitor Purposes: Neutral. The bottom window is the "percent Bollinger Band" for the VIX/VVIX ratio... Read More
Top Advisors Corner August 21, 2022 at 06:59 PM
The sudden reversal in stocks last week was fueled by a rising wave of short sales, combined with bad news and an aggressive withdrawal of trading liquidity in the Eurodollar market... Read More
Top Advisors Corner August 19, 2022 at 10:32 PM
Each month, on the Tuesday before the third Friday of the month, we hold our options "Max Pain" webinar, where our Chief Market Strategist Tom Bowley shares his thoughts with our members on where the major indexes and certain stocks might be headed based on outstanding calls and ... Read More
Top Advisors Corner August 18, 2022 at 03:09 PM
The CPI inflation rate ticked downward very slightly in July, from 9.0% to 8.5% per year. That is good, but 8.5% is still too darned high. And no, the just-passed "Inflation Reduction Act" does not get any credit for this small downtick in the annual inflation rate... Read More
Top Advisors Corner August 17, 2022 at 12:29 PM
SPX Monitoring Purposes: Neutral. Monitoring Purposes GOLD: Long GDX on 10/9/20 at 40.78. Long Term SPX Monitor Purposes: Neutral. There appears to be strong support near the 415 SPY range. The SPY did gap through that range and left on open gap, which is a potential target... Read More
Top Advisors Corner August 14, 2022 at 05:45 PM
The bullish trend for stocks continues, but there is likely to be a test of wills in the next couple of weeks, as the Federal Reserve will deliver its next interest rate increase and the bears will likely try to reassert their will... Read More
Top Advisors Corner August 10, 2022 at 12:31 PM
In the Investors Intelligence survey of newsletter writers and investment advisors, the bulls are back to outnumbering the bears once again as fears of a further bear market are abating quickly... Read More
Top Advisors Corner August 10, 2022 at 12:18 PM
SPX Monitoring Purposes: Neutral. Monitoring purposes GOLD: Long GDX on 10/9/20 at 40.78. Long Term SPX Monitor Purposes: Neutral. The SPY has gone virtually sideways over last week and a half. The longer the sideways pattern, the larger move once the breakout occurs... Read More
Top Advisors Corner August 07, 2022 at 02:25 PM
Stocks should have crashed on Friday after a blowout headline employment report. But they didn't. That's because hedge funds and other investing "pros" missed the recent bottom in stocks. Now, they seem to be playing catchup... Read More
Top Advisors Corner August 05, 2022 at 07:02 PM
There are times to be more aggressive in the market and other times when it makes some sense to lay low. To me, sitting more on the sidelines for the moment is not a bad idea... Read More
Top Advisors Corner August 03, 2022 at 12:55 PM
SPX Monitoring Purposes: Neutral. Monitoring Purposes GOLD: Long GDX on 10/9/20 at 40.78. Long Term SPX Monitor Purposes: Neutral. The bottom window is the correlation between the VVIX and SPX 5-period. When this correlation gets over .00 (currently ... Read More
