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Top Advisors Corner

Tim Ord: The Ord Oracle February 5, 2019

by Tim Ord

SPX Monitoring purposes; Neutral. Monitoring purposes GOLD: Long GDX on 1/29/19 at 21.96. Long Term Trend SPX monitor purposes;  Long SPX on 10-19-18 at 2767.78 According to Urban Carmel (@ukarlewitz), "SPX up 5 day in a row, Since 2011, N =  33 times. SPX closed higher within next five days in all except one (97% success).” The graph above shows the NYSE intermediate-term volume momentum oscillator. When this oscillator gets above 185 (the current reading is 195.13), it means the market is near a stall phase, if not a short-term top. What this chart tells Read More 

Top Advisors Corner

Tom McClellan: As Goes January...? Really?

by Tom McClellan

The stock market’s relationship to its normal seasonality has gotten wacky lately. October to December is supposed to be an up period for stock prices, and instead we saw a very sharp correction. In recent years, January has typically seen a meaningful decline, but the stock market instead powered higher. In fact, the DJIA’s 7.2% gain in January 2019 was the strongest January since 1989. This makes for a good time to bring up the old idea of the “January Barometer,” which is the belief that the stock market’s behavior in the month of January is determinative of what Read More 

Top Advisors Corner

Tim Ord: The Ord Oracle January 29, 2019

by Tim Ord

SPX Monitoring purposes; Neutral. Monitoring purposes GOLD: Long GDX on 1/29/19 at 21.96. Long Term Trend SPX monitor purposes;  Long SPX on 10-19-18 at 2767.78 The top window in the chart above is the NYSE McClellan Summation index. When this index reaches above +500 (today’s close was +554), it is implied the market has reached “escape velocity” and a new uptrend has started. There can be corrections that follow, but overall higher prices are expected and it is an intermediate-term bullish sign. Yesterday’s low tested last Thursday’s low on higher Read More 

Top Advisors Corner

W.H.C. Bassetti: Still damned if you do, damned...

by W.H.C. Bassetti

http://schrts.co/tXAfNmEr As we wrote last week, we dipped a tiny toe into the market while repeating our mantra: if this doesn't work we'll run for it. Well, we ran for it. This in spite of technical tools which point to higher prices. If we ran a rule-of-seven analysis (http://www.edwards-magee.com/ggu/ruleofseven.pdf) on this wave, we would get target prices of  2921 and 3112. Not only that, but the P&F analysis has a target of 2809. These may very well be accurate - it's just that we didn't want to get seasick from volatility Read More 

Top Advisors Corner

Tom McClellan: Junk Bond Strength is Bullish For Stocks

by Tom McClellan

High-yield bonds, or “junk” bonds, are corporate bonds, but they trade a lot more like the stock market than they do like T-Bonds. What’s more, they are much more liquidity-sensitive than most stocks, and so, when liquidity turns bad (or good), it often shows up first in the behavior of junk bonds. FINRA publishes the Advance-Decline (A-D) data for corporate bonds each day, breaking them down into different categories. This week’s chart features a cumulative Daily A-D Line for FINRA’s “high yield” category.  I don’t know how they make their determinations of which bonds Read More 

Top Advisors Corner

Tim Ord: The Ord Oracle January 22, 2019

by Tim Ord

SPX Monitoring purposes; Neutral. Monitoring purposes GOLD: Sold 11/27/18 at 18.88=gain .075%; Long GDX at 18.72 on 8/17/18 Long Term Trend SPX monitor purposes; Long SPX on 10-19-18 at 2767.78There is a confluence of Fibonacci levels of 50% and 61.8% retracement level at 2640 SPX range, which is where the November and December lows lie along with the 50-day moving average (not shown); all are resistance zones. An Elliott Wave five count up appears to have completed on Friday and an “ABC” correction could be in the making. The TICK closed at -122 and TRIN at 1.62 and, off tops, this Read More 

Top Advisors Corner

W.H.C. Bassetti: The present state of the market...

by W.H.C. Bassetti

http://schrts.co/NZCENeFF It is interesting to note that during the recent sell-off prices did not take out the very strong and long P&F trend line. We won't go into the niceties of P&F charting except to say that trend lines have the same import as bar chart trend lines. In fact it might be said they are marginally more powerful because of the P&F chart's filtering of noise.http://schrts.co/HqBMEUAb In fact, the chart is an excellent presentation of the context of the markets and shows price bouncing off the long term trend Read More 

Top Advisors Corner

Tom McClellan: Countertrend Rally or New Uptrend? RASI Holds The Key

by Tom McClellan

“Gobs of breadth is a good thing.” That is one of my favorite sayings, and we seem to be getting it since the Dec. 24, 2018 bottom.  When there are multiple days in a short period with really strong Advance-Decline (A-D) numbers, it is a sign of strong liquidity. It is possible to lift a few important stocks when liquidity is tight and the mood swings bullish.  But to lift the majority of stocks takes a much bigger firehose of money coming in. So when we see a lot of strong breadth numbers, that is a sign that the liquidity flow is healthy. Read More 

Top Advisors Corner

Tim Ord: The Ord Oracle January 15, 2019

by Tim Ord

SPX Monitoring purposes; Neutral. Monitoring purposes GOLD: sold 11/27/18 at 18.88=gain .075%; Long GDX at 18.72 on 8/17/18 Long Term Trend SPX monitor purposes;  Long SPX on 10-19-18 at 2767.78 Equity Put/Call ratio closed Friday at .77, which suggests the market could bounce (88% of the time within 5 days) and that bounce is in effect now. There is a confluence of Fibonacci levels of 50% and 61.8% retracement level at the 2620 SPX range, which is where the November and December lows lie, and a resistance zone (today’s close 2607).  Watching the TICK and TRIN for Read More 

Top Advisors Corner

Gene Inger: The Inger Letter (highlights) - January 14, 2019

by Gene Inger

Note: This sample of our work shares the current weekend report without, of course, the voice-over-chart video technical analysis and commentary. Just a few months ago, we limited distribution in fairness to actual subscribers.  In this time, we completed the "Rinse & Repeat" phase of the rolling bear I'd indicated starting with the S&P January 2018 blow-off peak and the 2nd "crash alert" at the end of September. We also called a Christmas Eve trading low.  Now we go into a delicate market time (beyond resistance at S&P 2600), so if you haven't tried Read More 

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