Top Advisors Corner May 31, 2023 at 05:13 PM
SPX Monitoring Purposes: Long SPX on 2/6/23 at 4110.98. Monitoring Purposes GOLD: Long GDX on 10/9/20 at 40.78. Long Term SPX Monitor Purposes: Neutral. The short term picture is a little messy, with an open gap for May 5 near 407 SPY that still could be tested... Read More
Top Advisors Corner May 28, 2023 at 10:25 PM
There's an old adage of Wall Street, which says: "never short a dull market." And while AI is getting all the press these days, the oil market is about as dull as it gets. This, of course, brings the energy sector to the top of my contrarian alert list... Read More
Top Advisors Corner May 26, 2023 at 02:53 PM
I like just about all types of breadth indicators, but I have learned that each type of breadth data requires its own proper manner of interpretation... Read More
Top Advisors Corner May 24, 2023 at 03:16 PM
SPX Monitoring Purposes: Long SPX on 2/6/23 at 4110.98. Monitoring Purposes GOLD: Long GDX on 10/9/20 at 40.78. Long Term SPX Monitor Purposes: Neutral. Yesterday, we said, "We posted the TRIN and TICK closing readings on the chart that reached panic levels... Read More
Top Advisors Corner May 21, 2023 at 07:14 PM
Here's a bullish thought. The Federal Reserve seems to have lost its consensus about higher interest rates... Read More
Top Advisors Corner May 18, 2023 at 01:30 PM
Most of the time, the spot price of copper is very well correlated with what stock prices do. Occasionally, there is a momentary squeeze in the copper market, resulting in a spike top that is not reflected in stock prices, and that is quite ordinary... Read More
Top Advisors Corner May 17, 2023 at 06:51 PM
SPX Monitoring Purposes: Long SPX on 2/6/23 at 4110.98. Monitoring Purposes GOLD: Long GDX on 10/9/20 at 40.78. Long Term SPX Monitor Purposes: Neutral. The bottom window is the weekly cumulative GDX Advance/Decline percent. This indicator looks at the bigger picture... Read More
Top Advisors Corner May 14, 2023 at 07:47 PM
Interest rate-sensitive and big tech stocks are seeing positive money flows. But the market's breadth is suddenly crashing as bond yields test their recent lows. You know trading is dull when stock traders talk about the bond market... Read More
Top Advisors Corner May 11, 2023 at 06:08 PM
We have been seeing a lot of breadth divergences lately, and the granddaddy of them all is adding to that list right now... Read More
Top Advisors Corner May 10, 2023 at 12:31 PM
SPX Monitoring Purposes: Long SPX on 2/6/23 at 4110.98. Monitoring Purposes GOLD: Long GDX on 10/9/20 at 40.78. Long-Term SPX Monitor Purposes: Neutral. What we said yesterday still stands... Read More
Top Advisors Corner May 07, 2023 at 08:35 PM
Welcome to the Tom and Jerry Markets Anyone who's watched Tom and Jerry cartoons knows that a friendly game of cat and mouse can be quite amusing. In real life, however, cat-and-mouse games can have serious consequences... Read More
Top Advisors Corner May 05, 2023 at 12:27 PM
Last week, I addressed the divergence that was evident between the share price of QQQ and its equal-weighted cousin, QQEW. Both of those ETFs are designed to track the stocks in the Nasdaq 100 Index (NDX)... Read More
Top Advisors Corner May 03, 2023 at 02:24 PM
SPX Monitoring Purposes: Long SPX on 2/6/23 at 4110.98. Monitoring Purposes GOLD: Long GDX on 10/9/20 at 40.78. Long Term SPX Monitor Purposes: Neutral... Read More
Top Advisors Corner April 30, 2023 at 10:41 PM
As the mainstream focuses on negative developments, such as the Fed's latest utterings and the implosion of subsets of the commercial real estate (CRE) sector, there seems to be a stealthy migration of money into other select areas of the market... Read More
