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

Future Retirement Success

Stocks

The Ord Oracle March 14, 2023

by March 15, 2023
March 15, 2023
The Ord Oracle March 14, 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.

The top window is the NYSE McClellan Oscillator, which dates back to March 2021. We marked the times when the NYSE McClellan Oscillator closed below -300 (yesterday close came in at -335). In all cases, with a -300 or less Oscillator reading marked a least a short term low, and most marked lows that last several weeks or longer. SPY appears to be building a base, as noted in pink-shaded area where Oscillator reached -300 or lower. Page two shows where panic has formed using the TRIN, and both methods have similar appearances.

Yesterday, we said, “The bottom window is the 5-day TRIN, the next window higher is the 3-day TRIN, and the top window is the 10-day TRIN. When all three timeframes line up into bullish readings, the market is near an important low. We circle in blue at the June and October lows where the market pushed lower to a new low before reversing. Currently, SPY is not far from the December low and may (or may not) test that level before reversing higher. There is a lot of panic TRIN closes going back to May of last year, which we noted with a pink box. Panic comes at lows in the market, and with panic trin readings dating back to May, it appears a large support area is forming. The SIVB failure last week didn’t help our long position, but did produce panic closes in the TRIN and TICK.” Page one shows where the McClellan Oscillator produced -300, which is noted with a pink-shaded area and rhymes with the TRIN-shaded area. The market appears to be building a base that has a measured target to the 470 SPY range, which is the January 2021 high. We may see some back and forth before a breakout from the shaded area occurs.

Above is the Sprott Physical Gold Trust Premium/discount index, which shows if you can buy this physical gold above or below the real price of gold. We have this chart going back to 2010. Before 2018, the Sprott Physical Gold Trust Premium/Discount was never below -2% discounts. This Sprott Trust is a sentiment indicator. When investors lean bearish, they can buy this trust below the real price. We marked the times with blue lines the times when Sprott trust was below a 2% discount. As it turns out, every time the discount was below 2%, Gold was near at least a short-term low, and some marked intermediate-term lows. The largest <2% discount going back to 2010 started back in September of last year and is still on going with a 2.44% closing discount yesterday. This long of a discount below 2% is a bullish intermediate sentiment indicator. The current discount below 2% suggests gold is still a good buy at current prices.

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
Key points as Jeremy Hunt announces Spring Budget
next post
Bull or Bear Market? A StockCharts Member Special

You may also like

DP Trading Room: How To Time Your Trade...

November 27, 2023

The Most Important Chart to Watch During Earnings...

October 11, 2023

Is the S&P 500 Forming a Bear Flag...

May 7, 2024

GNG TV: “Go” Trend Reaches Resistance – Can...

August 4, 2022

SPY Has a Clear Level to Beat

January 21, 2023

A Wyckoff Cause is Forming. What’s Next?

August 1, 2022

MEM TV: How Much Lower Can the Markets...

October 14, 2022

Week Ahead: NIFTY Stays Tentative As Defensive Setup...

August 10, 2024

S&P 500 Now in Weakest Seasonal Period… Or...

May 17, 2025

Master Multi-Timeframe Analysis to Find Winning Trades!

March 27, 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

    • Rand Paul says he would support ‘big, beautiful bill’ if debt ceiling hike removed

      June 1, 2025
    • Kevin Hassett ‘very, very confident’ courts will back Trump’s tariffs amid legal setback

      June 1, 2025
    • Senate Republicans eye changes to Trump’s megabill after House win

      June 1, 2025
    • Trump shares post saying Biden was executed, replaced with clones

      June 1, 2025
    • House Dems’ campaign chair says her party’s ‘on offense’ in 2026 battle to win back majority from GOP

      June 1, 2025
    • Trump warns Rand Paul he’s playing into ‘hands of the Democrats’ with ‘Big, Beautiful Bill’ opposition

      June 1, 2025

    Categories

    • Business (8,105)
    • Investing (2,000)
    • Politics (15,458)
    • Stocks (3,119)
    • 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