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

Top Five Charts of 2023 #1: S&P 500

December 18, 2023

Investing with the Trend: Appendix

June 13, 2024

Bonds: Don’t Forget the Long-Term Trend

September 14, 2023

Here’s Why the Small Cap IWM Will Soar...

November 27, 2024

The Hoax of Modern Finance – Part 2:...

December 9, 2023

Nice Clues Arrived On Thursday

October 13, 2022

Mish’s Daily: S&P 500 Futures Fail 4,000 as...

July 29, 2022

Stock Market’s Spectacular Q3: Highest Sector Performer is...

September 30, 2024

A Rainbow Convergence and a Head-and-Shoulders

September 8, 2022

Market Rally Broadens – New All-Time Highs?

November 25, 2024

    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