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Top Advisors Corner

Tim Ord: The Ord Oracle March 12, 2019

by Tim Ord

SPX Monitoring purposes; Long SPX on 3/8/19 at 2743.07. 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 VIX trades opposite the SPY. It's common for the VIX to lead (in the opposite direction) the SPY. So far, divergences between SPY and VIX have not shown up, suggesting that the current trend, which is up for the SPY, should continue. In the far right corner, there is a micro-window for the SPY and VIX; just “eyeballing” the price movement, it appears VIX is closer to the previous Read More 

Top Advisors Corner

Tim Ord: The Ord Oracle March 5, 2019

by Tim Ord

SPX Monitoring purposes; Sold SPX on 2/12/19 at 2744.73 gain 1.36%; long 2707.89 on 2-8-19. 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 We have updated this chart (which is the VIX) from yesterday. SPY is in an uptrend when VIX is < +16 and in a down trend when VIX is >+16; the close today was +14.77. SPY is running into resistance near the 280 level, which is the November and December 2018 highs, but is not backing away from those highs, suggesting that the market may “eat” Read More 

Top Advisors Corner

Tim Ord: The Ord Oracle February 26, 2019

by Tim Ord

SPX Monitoring purposes;  Sold SPX on 2/12/19 at 2744.73 gain 1.36%; long 2707.89 on 2-8-19. 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 VIX trades opposite to SPY and can give clues of what the SPY may do next. Back in October 2018, the SPY made a lower low and VIX matched its previous high and a bullish divergence for the SPY, suggesting a low.  In November-early December, the SPY matched its previous low and VIX made a higher high, suggesting SPY might make a lower low (it Read More 

Top Advisors Corner

W.H.C. Bassetti: The tipping point... nose up against resistance...

by W.H.C. Bassetti

http://schrts.co/VuskVtDx Weekly basis. A weekly basis chart dramatizes recent price action. There certainly is some drama in the chart -- 9 weeks of advancing prices. The upshot is essential drama. Price is nose up against important technical and psychological resistance. The price itself is shot with significance: 2800. Centenary numbers have what Gibbon called numen. This numinous character underlies market action, inhibiting advance and, when broken, acting as an impulsive force. For the investor, waiting is the game until 2800 Read More 

Top Advisors Corner

Tim Ord: The Ord Oracle February 20, 2019

by Tim Ord

SPX Monitoring purposes; Sold SPX on 2/12/19 at 2744.73 gain 1.36%; long 2707.89 on 2-8-19. 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 is the hourly 100 period moving average of the tick. In general the tick rises and falls with the market. Tick readings below “0” are bearish and above “0” bullish. So market the 100 hour ticks have remained above “0” which implies the short term momentum is up. SPX may wiggle higher into the still resistance area near 2800 level (November and December Read More 

Top Advisors Corner

Tom McClellan: 50 Years Since Creation of the McClellan Oscillator

by Tom McClellan

It was 50 years ago in 1969 that my parents created what later became known as the McClellan Oscillator. So, this week, I thought I would share a little bit of that history and offer a look at how it was done back then.  My father Sherman McClellan is still alive and doing well at age 84, and I get the privilege of collaborating with him every day on our McClellan Market Report newsletter and our Daily Edition. My mother Marian McClellan passed away from cancer in 2003. The important part of this particular story is that the early work that they did required the Read More 

Top Advisors Corner

Tim Ord: The Ord Oracle February 12, 2019

by Tim Ord

SPX Monitoring purposes; Sold SPX on 2/12/19 at 2744.73 gain 1.36%; long 2707.89 on 2-8-19. 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 Yesterday we said, “First upside resistance is last Tuesday’s high of 2739 and next higher resistance is 2800 SPX, which is November and December high.” We where thinking that we'd get to the 2800 level, and we may still, but in the very short term, a pullback is likely. SPX closed the day at 2744.73, just above the previous high of Read More 

Top Advisors Corner

Tom McClellan: Rainbow Convergence - Some Charting Magic

by Tom McClellan

One of the chart features that I discuss quite often in my Daily Edition is what we call a “rainbow convergence.” It is named for the point on the chart where all of the pretty moving average-type lines come together. Some of those indicators may be new to some readers, so you can get a quick tutorial on what they mean in this article.  A rainbow convergence can be important to watch because the way that prices behave as it is happening gives us information about what lies ahead. There are two types of price behavior at the moment of a Read More 

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 

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