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

Future Retirement Success

Stocks

The Ord Oracle August 30, 2022

by August 31, 2022
August 31, 2022
The Ord Oracle August 30, 2022

SPX Monitoring Purposes: Long 8/29/22 4030.61

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

Long Term SPX Monitor Purposes: Neutral

On Friday, the TRIN closed at 2.10 and TICK closed at -299, which is a bullish combination that predicts a low from the same day as the bullish readings to as late as two days later, which would be today. Also on Friday, the SPY had a “Selling Climax” day (volume near double the previous several days’ volume) which shows exhaustion to the downside. Today, the SPY closed below its lower Bollinger Band, and previous examples flipped the market sideways or reversed up. Volume should lighten up starting tomorrow and continue to decrease into Friday, going into a 3-day weekend holiday. Its common for markets to reverse around holiday weekends.

Updated this chart and have nothing new to add. Yesterday, we said, “the second window down from the top is the VIX/VVIX ratio. This indicators can also measure a form of panic by measuring the velocity of this ratio. The top window is the RSI for this ratio; readings above 70 suggest short-term exhaustion. Current reading is 80. Second window up from the bottom is the Percent Bollinger Band; today’s reading is .99, showing that VIX/VVIX ratio is at its upper boundary line and is due for a pause. The red vertical lines shows the times when both RSI and Percent Bollinger Band reached overbought levels. Should see a bounce in the market short-term.”

We updated this chart from yesterday. We want to point out that a new decline in GDX never began when the 18-day averages of the up down volume percent and Advance/Decline percent traded below -20. When the -20 reading was recorded on both indicators, the decline was finished and the base-building process begun. This time could be different, but today’s tests of the July low on GDX should find support and in general continue to go sideways, possibly for several more weeks. This type of setup appears to be working out as the previous signals worked out.

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
Persil advert banned for misleading green claims
next post
Questions That You MUST Ask

You may also like

This Report Might Self Destruct in 5 Days

April 11, 2025

Daily Briefing Notes for the Market

May 8, 2023

Jackson Hole Jay Doesn’t See His Shadow, Worst...

August 23, 2024

Oversold Conditions Not Always a Friend

December 20, 2024

Golden Cross Carries Some Little-Known Magic

February 10, 2023

Week Ahead: NIFTY Drags Resistance Levels Lower; Adopt...

May 6, 2023

Bull or Bear Market? A StockCharts Member Special

March 15, 2023

SCTR Report: China Adds More Stimulus, FXI in...

September 26, 2024

EQUITIES CLIMB OFF LOWS WITH A PUSH FROM...

April 29, 2024

Baltic Dry Index as Leading Indication

March 24, 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

    • The Radiology Group Atlanta: Helping Small Hospitals Stay Open with Smart Imaging Support

      July 15, 2025
    • Senate GOP braces for test vote on Trump’s $9.4B clawback package

      July 15, 2025
    • Anthony Bernal: Who is Jill Biden’s top aide ordered to testify about alleged cover-up?

      July 15, 2025
    • Hegseth abruptly pulls Pentagon officials from ‘globalist’ Aspen conference

      July 15, 2025
    • Mike Waltz faces post-Signalgate ‘brutal’ grilling from Dems in UN ambassador hearing

      July 15, 2025
    • SCOOP: Fiscal hawks fire warning shot at Senate GOP for pushing changes to Trump’s $9.4B spending cuts bill

      July 15, 2025

    Categories

    • Business (8,484)
    • Investing (2,121)
    • Politics (16,045)
    • Stocks (3,209)
    • 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