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

Future Retirement Success

Stocks

The Ord Oracle October 26, 2022

by October 26, 2022
October 26, 2022
The Ord Oracle October 26, 2022

SPX Monitoring Purposes: Long SPX on 10/10/22 at 3612.39; sold 12/13/22 at 3669.91 = gain 1.59%.

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

Long Term SPX Monitor Purposes: Neutral.

The top window is the SPY with its Bollinger Bands. It common for the SPY to stall when the market closes above its Upper (Lower) Bollinger bands and today trading did just that. We circled in blue the times when SPY closed beyond its outer Bollinger Band and market usually flipped sideways for several days.  The next fed meeting is November 2 (one week and one day away) and the Election is November 8 (two weeks away). Could see backing and filling into those timeframes but the ultimate outcome is a rally into yearend.   There is evidence that the October 13 low may have been the bottom.

Looking at a lot of different studies, we come to the conclusion that the October 13 low was probably the bottom (could be wrong). The top window is the 10 day average of the trin close. There where two times when the 10 day trin reached above 1.50; which where June 13 to 21 and September 26. Looking back in history it common for the 10 day trin reaching 1.50 range twice and the second time usually finishes the consolidation. The 21 day trin also plays a part and it adds to the bottom process when this indicator reaches to 1.50; which it did on July 11. Yesterday we said,   “The next fed meeting is November 2 and the Election is November 8. Could see backing and filling into those timeframes but the ultimate outcome is a rally into yearend.” 

The above chart shows the shorter term picture for GDX. The bottom window is the 50 day average of the Up Down volume percent for GDX and next window up is the 50 day average of the Advance/Decline percent for GDX. Intermediate term lows have formed when both indicators reach -20 and then turn up. After this type of signal is triggered the market usually moves sideways for several weeks before the rally actually starts. The current signal was triggered in mid July and the current price in GDX is about where the mid July price, so market really hasn’t moved. Since the mid July low both indicators have been hovering around “0” up from the -20 form the July low showing a positive divergence. In general we are expecting both indicators to move higher into the +20 range in the coming weeks and for GDX to move up along with both indicators.    

Tim Ord,

Editor

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

0
FacebookTwitterGoogle +Pinterest
previous post
Rep. McCaul: American Taxpayers Should Not Be Funding Democrats ‘Woke Agenda’ Overseas
next post
Waukesha Christmas Parade Killer Darrell Brooks Found Guilty of Intentional Homicide

You may also like

Your Questions Answered! Moving Averages, Chart Patterns, Inflation...

January 12, 2024

Three Sectors Leading SPY Back To Offense

November 8, 2024

Industrial Metals Outperforming the S&P 500

March 2, 2023

Irrational Exuberance 2.0: Over-the-Top Stock and Bond Markets...

October 1, 2023

How To Confidently Trade the 2023 Stock Market

March 24, 2023

Master the Market: Navigating Up Days and Down...

December 5, 2024

Week Ahead: Uptrend Stays Intact For NIFTY; RRG...

August 31, 2024

The Fed Is The New Waffle House

December 22, 2024

Are We Seeing 2020 All Over Again!?

December 15, 2023

MEM TV: Breakouts and Downtrend Reversals in Key...

May 20, 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

    • ICE Is Arresting 1,100 Percent More Noncriminals on the Streets Than in 2017

      June 24, 2025
    • The Safety Risks of the Coming AI Regulatory Patchwork

      June 24, 2025
    • Ending the US Department of Education: Status Report

      June 24, 2025
    • Experts gauge success of ‘bunker buster’ bombs dropped by US on Iran nuclear sites

      June 24, 2025
    • ‘I’m just a silly girl’: AOC fires back after Trump calls her ‘stupid’

      June 24, 2025
    • Biden’s Middle East coordinator praises Trump team for handling of Iranian conflict: ‘Best place we can be’

      June 24, 2025

    Categories

    • Business (8,298)
    • Investing (2,069)
    • Politics (15,781)
    • Stocks (3,165)
    • 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