Top Advisors Corner

September 2016

Top Advisors Corner

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Tom McClellan: VIX Well Below Its Futures Contracts

by Tom McClellan

When there is a big disagreement between the value of the spot VIX Index and the prices of its futures contracts, that carries important information about trader sentiment. As of the close on Sep. 28, 2016, the spot VIX was well below all of its futures contracts... Read More 

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Mary Ellen McGonagle: The Best Way To Participate In The Recent Move Into Biotech Stocks

by Mary Ellen McGonagle

Biotech stocks have been quite strong lately although you wouldn’t know it by studying the charts of the group’s biggest names. Heavyweights such as Gilead (GILD) and Celgene (CELG) appear to be in a downtrend or stalled... Read More 

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Tom McClellan: Bond Market Knows What Fed Should Do

by Tom McClellan

This article first appeared in McClellan Market Report #515, published Sep. 21, 2016, and reflects a theme we have reported on multiple times before. We have an unblemished 21-year track record of predicting what the Fed should do, with 100% accuracy... Read More 

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Alan Newman: Crosscurrents - September 19, 2016

by Alan Newman

Excerpts from the June 27th issue Rationales & Targets Apropos comments made on page three, Janet Yellen, the Chair of the Board of Governors of the Federal Reserve, has often spoken of the wealth effect... Read More 

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Mark Young: Wall Street Sentiment - A Looming Turn?

by Mark Young

Some of you may be familiar with the Wall St. Sentiment Survey that we conduct and provide to StockCharts. We've been running this survey for over 20 years now and have come to notice certain patterns that may not be obvious to the casual observer... Read More 

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Mary Ellen McGonagle: Can Apple's Stock Keep Climbing? Charting and History Can Help With the Answer

by Mary Ellen McGonagle

In a week marked with volatility, one stock has been in a clear uptrend. After news of the release of its iPhone 7 on Friday, Apple’s stock (AAPL) has been up over 10%... Read More 

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Tom Mcclellan: McClellan Oscillator for High Yield Bond A-D Data

by Tom McClellan

The regular McClellan Oscillator is based on Advance-Decline (A-D) data for the NYSE. But the same calculation can be done on other sets of A-D data. This week’s chart looks at an interesting example of that, with a big message for the current moment... Read More 

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Jack Steiman: Hard Gap Down And Run off 2,200 SP Resistance Area....Fed Governor's Talking Hike....Germany Slowing Further.....Sp Monthly Trend Line Hit And Reversal.....

by Jack Steiman

When you have negative divergences on an index chart or any chart for that matter, you're waiting for a gap down to occur in order to get that negative divergence to kick in and create real down side action... Read More 

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Gene Inger: The Inger Letter September 9, 2016

by Gene Inger

Gene Inger's Daily Briefing - for Friday, September 9, 2016 Cross-asset 'contagion' risk - grows increasingly by virtue of central banks that constantly intervene to sort of 'drive everything'... Read More 

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Tom McClellan: DJIA Leads Poll Numbers

by Tom McClellan

We can see ahead of time which way the poll numbers are going to swing by looking at the stock market. This is a phenomenon I have been tracking since the 2000 election, when I started gathering poll data and comparing it to the movements of the stock market... Read More 

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Mary Ellen McGonagle: LAST YEAR'S WINNING FANG STOCKS ARE BREAKING OUT BUT NOT ALL ARE PARTICIPATING

by Mary Ellen McGonagle

While 2015 was a tough year for many investors, there were bright spots for growth-fund managers who owned the so-called “FANG” stocks. These four stocks produced outsized returns while the major indexes were negative for the year... Read More 

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Michael Thomsett: Continuation Candlesticks With Retracement

by Michael Thomsett

One of the most difficult chart-reading skills is determining whether a directional change is a reversal or a retracement. During a dynamic trend, the distinction is a key one to recognizing when to exit, or when to hold on... Read More 

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Tom McClellan: US Oil Inventories at Record Level

by Tom McClellan

The EIA reported this week that U.S. total combined stocks of crude oil, gasoline, distillates, and other oils is at another all-time (i.e. since 1990) high, which should continue to put downward pressure on oil prices... Read More