Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Stocks

The Ord Oracle August 23, 2022

by August 24, 2022
August 24, 2022
The Ord Oracle August 23, 2022

SPX Monitoring Purposes: Neutral.

Monitoring Purposes GOLD: Long GDX on 10/9/20 at 40.78.

Long Term SPX Monitor Purposes: Neutral.

The bottom window is the “percent Bollinger Band” for the VIX/VVIX ratio. Short-term lows can form in the market when the “Percent Bollinger Bands” for the VIX/VVIX ratio reaches above it upper Band, and that happens when the “Percent Bollinger Bands” >1. The current reading is +.64. A rapid rise in the VIX/VVIX ratio shows there is panic in the market, and panic forms when the market is near a low. Don’t have the readings quite yet to form a solid low in the market.

TICKs closed yesterday at -817, which shows exhaustion but TRIN closed at 1.14, which is near neutral and the combination is not giving a clear signal for a low here. The VIX can help to define a low (show panic) if it is rising quickly. The two day “Rate of Change” for the VIX >30 shows panic in the market, and yesterday’s reading came in at +24, not quite the level that is needed to show a low in the market. Today’s volume was lighter than Monday’s volume, and so the market may attempt to bounce short-term and test yesterday’s down gap. I don’t believe a worthwhile low has formed yet. We are in the third quarter of the year, which is the worst-performing quarter of the year. We may see a back-and-fill market into late September.

Above is the weekly ETF for Silver (SLV) This chart goes back to 2007 and shows the times when the weekly RSI for SLV traded below 30. The week of July 22, the weekly RSI for SLV closed at 28.43. We pointed out the other times on the chart above when the weekly RSI fell below 30 and all came near intermediate-term lows, some even near long term lows. Notice also SLV is at a support line dating back to 2014, which adds to the bullish setup.

Tim Ord,

Editor

www.ord-oracle.com. New Book release “The Secret Science of Price and Volume” by Timothy Ord, buy at www.Amazon.com.

Signals are provided as general information only and are not investment recommendations. You are responsible for your own investment decisions. Past performance does not guarantee future performance. Opinions are based on historical research and data believed reliable, there is no guarantee results will be profitable. Not responsible for errors or omissions. I may invest in the vehicles mentioned above.

0
FacebookTwitterGoogle +Pinterest
previous post
UK investors brace for recession before the end of the year
next post
Conditions That Influence Your Trades

You may also like

An Incredible Stock Market Rally Closes the Week...

November 3, 2023

Top 5 Charts Every Trader Needs to Watch...

December 22, 2022

Market Internals Point to Large Growth Leadership

January 23, 2025

US Sectors Soar to New Highs!

October 1, 2024

Will Rising Oil Prices Smack the S&P 500?

August 2, 2023

Which Cyber Security ETF is the Strongest?

September 28, 2023

The Ord Oracle September 11, 2023

September 12, 2023

Gold Mining Stocks vs Gold: What’s the Turnaround...

July 18, 2023

Some Trading Pairs to Think About Right Now

June 6, 2023

Further Inversion of Yield Curve Pushes Out End...

July 26, 2023

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Xi Jinping’s surprise no-show at BRICS Summit fuels speculation about China’s global standing

      July 5, 2025
    • Tesla sees UK sales rebound in June as EV market accelerates

      July 5, 2025
    • Hived raises $42m to roll out electric delivery fleet across southern England

      July 5, 2025
    • Week Ahead: NIFTY Set To Stay In A Defined Range Unless These Levels Are Taken Out; Drags Support Higher

      July 5, 2025
    • “A turning point for education”: James Caan launches bold education reform plan in House of Lords

      July 5, 2025
    • ‘Invest in Women’ fund criticised for slow rollout as MPs call for bolder action

      July 5, 2025

    Categories

    • Business (8,397)
    • Investing (2,102)
    • Politics (15,946)
    • Stocks (3,190)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved