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

Future Retirement Success

Stocks

The Ord Oracle November 21, 2023

by November 22, 2023
November 22, 2023
The Ord Oracle November 21, 2023

SPX Monitoring Purposes: Long SPX 10/27/23 at 4117.37.
Gain since 12/20/22: Over 26%.
Monitoring Purposes GOLD:  Long GDX on 10/9/20 at 40.78.  

Above is the monthly SPX chart. The pattern that appears to be forming is a head-and-shoulders bottom and the right shoulder is forming now. The neckline lies near the 4600 range and would need a “Sign of Strength” through that level to confirm this pattern. The bottom window is the monthly SPX/VIX ratio, which has made a higher high, while the SPX so far has made a lower high. The SPX/VIX ratio leads the SPX, suggesting that, at some point, the SPX will break to a higher high. We are long SPX 10/27/23 at 4117.37.

We updated this chart from yesterday. The bottom window is the SPY, and next higher window is the TLT/VVIX ratio. It is common near short-term highs for the SPY to make higher highs and the TLT/VVIX ratio to make lower highs (noted in shaded pink). What we are seeing now is that the SPY is continuing to make higher highs and the TLT/VVIX ratio is also making higher highs, suggesting the current rally may continue (noted in shaded light blue). The SPY was up 5 days in a row going into Monday; going up 5 days in a row foretells the market will be higher within five days 83% of the time.

Last Thursday’s report said, “above is the Bullish percent index for the Gold Miners index. The bullish percent index measures the percent on stocks that are on point and figure buy signals. For a valid bullish signal, the Bullish Percent index would need to rise. Since the beginning of October, the bullish percent index has been rising from 10% to the current reading of 25%, which in turn shows this market is getting stronger as more stocks trigger buy signals. GDX has not traded above its previous high of the 30.00 range yet, whereas the bullish percent index has made higher highs, suggesting GDX’s next test of 30.00 will be exceeded.” The bullish percent index now stands at 32.14% and GDX still hasn’t broken 30.00.

0
FacebookTwitterGoogle +Pinterest
previous post
Getting To Know You: Susannah Davda, Founder, The Shoe Consultant
next post
The CFPB’s Digital Wallet Rule Proposal Reveals What’s Wrong with the CFPB

You may also like

Hidden Gems: A Simplified Method to Find the...

July 19, 2023

Quantum Computing: Top Stocks You Should Watch Now!

January 17, 2025

Is This BUD Still For You?

May 29, 2023

Sector Spotlight: Sector Rotation Says Bull Market in...

July 25, 2023

MEM TV: Small Cap STOCKS SHINE! 4 Names...

March 30, 2024

Investors Hesitant Ahead of Fed Meeting: How to...

September 17, 2024

A Closer Look at Long Bonds and The...

October 10, 2023

Week Ahead: NIFTY Remains Prone To Profit Taking;...

April 8, 2023

Sprouts Farmers Market: A Hidden Gem on the...

January 4, 2024

Energy Picks Up and Consumer Discretionary Continues to...

January 23, 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

    • Trump warns of ‘serious consequences’ if Elon Musk funds Democrats

      June 7, 2025
    • Musk jokes about reconsidering stance on Big Beautiful Bill after Schiff’s praise

      June 7, 2025
    • Musk deletes explosive posts about Trump and Epstein files

      June 7, 2025
    • House witness flips script on Dem who ambushed him during hearing with unearthed tweet: ‘Iceberg is ahead’

      June 7, 2025
    • Call with China’s Xi, and Trump-Musk exchange fueled barbs during 20th week in office

      June 7, 2025
    • Trump’s conservative allies warn Congress faces critical ‘test’ with $9.4B spending cut proposal

      June 7, 2025

    Categories

    • Business (8,152)
    • Investing (2,019)
    • Politics (15,568)
    • Stocks (3,136)
    • 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