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

Future Retirement Success

Stocks

The Ord Oracle February 15, 2023

by February 15, 2023
February 15, 2023
The Ord Oracle February 15, 2023

SPX Monitoring Purposes: Long SPX on 2/6/23 at 4110.98.

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

Long Term SPX Monitor Purposes: Neutral.

Yesterday we said, “We posted this chart back in early January. We noted that, when both 18 MA’s of the Up/Down volume and Advance/Decline indicators reach above +20, the market is due for a consolidation (got the pull back). We also noted that when both indicators reach >+20, after the pullback, the market goes on to make a higher high. We noted those instances on the chart above with red vertical lines. Notice also that there was a “shakeout”, which is when the market is unable to hold below previous lows. A close above the previous lows creates the “shakeout”. What normally happens next is an attempt to break above the previous highs, which in this case would be for GDX to attempt to break above 41.00 range. As long as the weekly mid-Bollinger Bands are rising, then the trend is up.”

Added to the above, GDX is back at the support lines that date back to 2016 (7 year support line). The longer in time the support line, the stronger it is. The pattern that may be forming is a “head-and-shoulders bottom” pattern where the head is the late September low. I might add GDX traded above its left shoulder on higher volume, suggesting the early January high will be exceeded at some point and give credit to the developing head-and-shoulders pattern, This potential head-and-shoulders pattern has a measured target to 42.00 range, which is back to the old highs.

Tim Ord,

Editor

www.ord-oracle.com. 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
The Business Enabler of the Year Award finalists revealed
next post
Is the Whole Country Buying Teslas and Eating at Wingstop?

You may also like

2 Clear Strategies When Using the ADX

October 12, 2023

Keeping 2022 In Perspective Will Help You in...

December 11, 2022

Continue to Learn from My Trades

August 18, 2022

Cryptocurrency Prices in the Spotlight, Small Caps Now...

December 5, 2023

Three Charts Showing Proper Moving Average Alignment

June 5, 2025

The Bull Case for Commodities

September 12, 2023

Seasonality Points To Higher Prices NOW

November 24, 2023

The Biggest Problem with Technical Analysis? Part 1:...

July 24, 2023

Why Novo Nordisk’s Stock Price Recovery Makes It...

May 7, 2024

DP Trading Room: Tariffs Narrowing, Sparks Market Rally

March 25, 2025

    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

    • Public Corruption and Federalism

      July 18, 2025
    • House Republicans face mounting resistance as third ex-Biden WH aide pleads Fifth Amendment

      July 18, 2025
    • Trump directs AG Bondi to work on unsealing grand jury transcripts in Epstein case: ‘We are ready’

      July 18, 2025
    • Longtime Joe Biden aide appears under House subpoena after Jill’s ‘work husband’ pleads Fifth

      July 18, 2025
    • Regional powers clash after Israel targets Syrian territory in defense of vulnerable Druze civilians

      July 18, 2025
    • Who Deserves a Cure? The FDA’s New Gatekeeping Game

      July 18, 2025

    Categories

    • Business (8,524)
    • Investing (2,131)
    • Politics (16,107)
    • Stocks (3,217)
    • 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