The Ord Oracle January 24, 2023 | Top Advisors Corner
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. One-day TRIN readings above 1.30 suggest panic is present in the market. The more days of […]
Bitcoin Pares Gains. Why the Coming Days Could Bring More Volatility.
Bitcoin and other cryptocurrencies took a breather Wednesday, paring gains from a rally that has lifted digital assets to the highest levels in months. But the next week holds key macro catalysts that could see cryptos make another big move. The price of Bitcoin has shed 2% over the past 24 hours to below $22,550. […]
Elon Musk Accuses Two Influential Firms of Controlling the Stock Market
Elon Musk likes to attack circles of power. It’s as if he’s on a mission.Nothing seems to motivate him more than slapping a revered institution or icon. He seems to be committed to challenging all forms of representations of power.During the past few weeks, the Techno King, as he’s known at Tesla (TSLA) – Get Free Report, […]
Stock Price Divergence and Potential Signs of Risk! | Mish’s Market Minute
We cannot begin the Daily without a mention of the glitch in the NYSE right out of the gate Tuesday morning. A wild stock-price swing occurred at the open and 84 stocks suddenly plunged or spiked, causing volatility triggers and trading halts. The event is now under investigation.The chart of Wells Fargo (WFC) is a […]
My mother excluded me from her will — before she died, my sibling cashed out her annuity policy, on which I was a beneficiary. Should I sue my family?
Dear Quentin, My mother recently passed away and I was written out of the will, except for a small amount. She and I had several disagreements over the past two years. This change of will occurred 15 months prior to her death, with her executors present. The remainder of her estate is being divided between […]
Two Highly Entertaining Stocks to Watch | RRG Charts
After a 50% decline, you need to make a 100% return to break even.That is precisely what happened to the Communication Services sector. In August 2021, the Communications Services Select Sector SPDR fund (XLC) peaked at 85 and, from that point onward, started a disastrous decline, bringing its price back to 45, almost 50% lower. […]
I’m still working at 75: Do I need to take RMDs from my 401(k)?
Dear Fix My Portfolio, I retired from the U.S. Postal Service in 2004 and have a yearly pension from the Office of Personnel Management (OPM). I also work part time at a big hardware chain and have a portion of my salary placed in the company’s 401(k). I have been working there for four years […]
Momentum vs. Price: Is the Stock Market Rally Over? | Mish’s Market Minute
Last week was the reset of the January 6-month calendar range. For the S&P 500, that range sits at 3770-4000.23.In our 2023 Outlook, the prediction we made for the yearly range is much wider, or between 3200-4200. That is based on the position of two key monthly moving averages. Looking at the 6-month range, today’s […]
DP Trading Room: What’s Up with These Yields? | DecisionPoint
On this week’s edition of The DecisionPoint Trading Room, Carl explores how yields are calculated with a few examples of yields that don’t seem ‘right’. He demonstrates how to add dividends and splits to your charts. Erin focuses in on two sectors that are leading the pack and what that means for the rest of […]
S&P 500’s softening earnings backdrop is a challenge for stocks in ‘very near term,’ says RBC
The S&P 500 earnings backdrop is softening, posing a challenge for stocks in the “very near term” even as companies so far are largely beating expectations for the fourth quarter, according to RBC Capital Markets. “With 10% of S&P 500 results in as of Friday,” the pace of companies exceeding consensus forecasts for earnings has […]