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

Q4 Stock Market Outlook: 3 Analysts, 3 Insights

September 18, 2023

Are We Staring At A Technical Rebound On...

March 1, 2023

All That’s Bullish is GLD as the Week...

July 22, 2023

QQEW Divergence vs. QQQ Shows Weak Liquidity

April 28, 2023

Here’s What You Need To Know About Last...

April 28, 2024

Don’t Fight the Tape; Stock Market Returns to...

April 3, 2023

Can QQQ Prove the Bears Wrong?

January 27, 2023

Find Aggressive Entry Opportunities & Tradeable Trends with...

December 14, 2023

Unlocking the Secrets to Profitable Semiconductor Investments

February 21, 2025

Third Week of Chop

January 6, 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

    • 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