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

Future Retirement Success

Stocks

The Ord Oracle August 22, 2023

by August 23, 2023
August 23, 2023
The Ord Oracle August 22, 2023

SPX Monitoring Purposes: Neutral.

Gain since 12/20/22=15.50%

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

We updated this chart from yesterday, when we said, “panic only forms at bottoms in the market; no panic, no bottom. We look at the TRIN to help us find when panic is present. The bottom window is the 5-day average of the TRIN, and the next higher window is the 10-day average. The 5-day TRIN being greater than 1.50, and the 10-day TRIN being greater than 1.20, suggests there is enough panic in the market to form a bottom. The 5-day TRIN stands at 1.00 and the 10 day at 1.01; TRIN readings are not high enough to suggest a worthwhile low is forming here. The QQQ was down four days in a row going into Friday, which predicts the market will be lower within five days 73% of the time. The current bounce is not expected to go far. The next lower low could produce a good setup.” Added to the above, the blue lines shows the times when both the 5- and 10-day trin reached bullish levels. Currently, the 5-day TRIN stands at .92 and the 10-day at 1.00; not near bullish levels.

Last Friday, the QQQ and SPX where down four days in a row (SPY was down 3 days in a row), which predicts the market will be lower within five days 73% of the time. The chart above goes back late 2022 and shows the times when the QQQ was down four days in a row. New short-term lows may be seen in the coming days. Will need the 5- and 10-day TRIN readings to reach bullish levels before a bullish setup will be triggered. A longer-term view is that market may reach new highs going into year-end.

0
FacebookTwitterGoogle +Pinterest
previous post
The Brussels Effect?: Potential Domestic Impacts of International Online Speech Regulation
next post
MarketGauge’s Market Beat Rarely Misses a Beat!

You may also like

3 Things I’ll Be Watching After Today’s Fed...

November 2, 2022

A Wyckoff Cause is Forming. What’s Next?

August 1, 2022

Technical Analysis Apologetics

July 29, 2022

NVDA Stock Split Launches S&P 500 Higher

June 10, 2024

Key Breadth Indicator Flashes Buy Signal for Nasdaq...

May 3, 2024

How the PROS Time Entry Points

August 9, 2024

Viewer Questions: How Does the Fed Manipulate the...

January 19, 2024

Short-Term Traders: Beware This Flaw In Leveraged ETFs

December 15, 2022

Timeless Lessons from the Godfather of Technical Analysis

September 14, 2023

The Battle for Burgerdom: McDonald’s, Jack in the...

April 19, 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

    • Silver’s Surge is No Fluke—Here’s the Strange Ratio Driving It

      June 6, 2025
    • Friday Feature: Incubate Debate

      June 6, 2025
    • Risch urges ‘top to bottom’ USAID spending review after waste, fraud exposed

      June 6, 2025
    • Universities in Libertarian Land

      June 6, 2025
    • Elon Musk may speak to Trump aides in push to calm feud

      June 6, 2025
    • Everyone Talks About Leaving a Better Planet for Our Children: Why Don’t We Leave Better Children for Our Planet?

      June 6, 2025

    Categories

    • Business (8,149)
    • Investing (2,013)
    • Politics (15,545)
    • Stocks (3,131)
    • 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