Top Advisors Corner January 29, 2023 at 11:31 PM
The bears have missed out on a barn-burning rally over the last few weeks. Now, many are changing their stripes and "holding their noses" as they buy late into the rally. This is a great time to assess what's likely to happen next... Read More
Top Advisors Corner January 27, 2023 at 05:05 PM
The McClellan Price Oscillator for gold futures prices has reached a pretty high level, equivalent to what it did at the price top in March 2022, and has just now turned down. This is a bearish signal and could set off a pretty big pullback... Read More
Top Advisors Corner January 25, 2023 at 03:01 PM
SPX Monitoring Purposes: Long SPX on 12/20/22 at 3821.62. Monitoring Purposes GOLD: Long GDX on 10/9/20 at 40.78. Long Term SPX Monitor Purposes: Neutral. Yesterday we said, "Market bottoms form on panic, and the TRIN is one way to identify panic is present... Read More
Top Advisors Corner January 22, 2023 at 06:25 PM
After the fall in stocks on January 19, 2023, someone asked me if I was still bullish. My answer: "As long as the New York Stock Exchange Advance Decline line ($NYAD) remains above its 200-day moving average (MA), the bulls get the benefit of the doubt... Read More
Top Advisors Corner January 18, 2023 at 02:41 PM
SPX Monitoring Purposes: Long SPX on 12/20/22 at 3821.62. Long Term SPX Monitor Purposes: Neutral. The week of the December 12 high had high volume (noted with blue arrow), and most high volume highs are tested... Read More
Top Advisors Corner January 15, 2023 at 04:08 PM
Bearish stock traders are suddenly in a tough spot as major technical indicators flash potential buy signals. In addition, liquidity has stabilized, and money flows have suddenly turned positive for stocks... Read More
Top Advisors Corner January 11, 2023 at 10:50 PM
Price pattern analogues are fun to find and track, as long as you understand that the correlation is never going to be absolutely perfect... Read More
Top Advisors Corner January 11, 2023 at 02:17 PM
Yesterday, we said, "The week of December 19 tested the week of December 12's low on at least 10% lighter volume, then closed above the December 12 low generating a bullish signal... Read More
Top Advisors Corner January 08, 2023 at 07:42 PM
Just as many investors were getting ready to throw in the towel, the Federal Reserve was signaling that it's getting close to stopping its rate hikes. Meanwhile, the latest jobs report suggested that wage gains are slowing... Read More
Top Advisors Corner January 06, 2023 at 10:05 PM
We're through the first week of January and, even though the bulls don't have that much to brag about yet, they did manage to hold the line, with the market staging a nice rally into Friday's close... Read More
Top Advisors Corner January 04, 2023 at 02:20 PM
Last week, we said, "Both of the weekly 18-day averages of the up down volume and Advance/Decline indicators Bollinger Bands are pinching suggesting a large move is nearing. We marked with red arrows the Bollinger Bands' pinch on these indicators... Read More
Top Advisors Corner January 01, 2023 at 10:04 PM
The working premise for 2023 is that, as long as the Federal Reserve continues to raise rates, stocks will struggle. In fact, there is a high level of speculation about the so-called "terminal rate," the interest rate to which the Fed is willing to go in order to whip inflation... Read More
