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

Future Retirement Success

Stocks

The Ord Oracle: October 24, 2023

by October 24, 2023
October 24, 2023
The Ord Oracle: October 24, 2023

SPX Monitoring purposes: Sold SPX Oct. 18, 2023, at 4314.60 gain 0.35%; Long SPX Sept. 28, 2023 at 4299.70.
Gain since Dec 20, 2022 = 16.30%.
Monitoring purposes GOLD: Long GDX on Oct. 9, 2020, at 40.78.

In the chart above, the bottom window displays the 10-day moving average of the Short-Term Trading Arms Index TRIN ($TRIN) and the top window is the daily chart of SPDR S&P 500 ETF (SPY). In the coming days, we would like to see the 10-day TRIN rally back to panic levels near 1.20 or higher; as we have said, panic forms near lows in the market. We labeled in blue the times when the TRIN and $TICK readings reached bullish levels; on Friday, TRIN closed at 1.46 (bullish), and TICK closed at -166 (leans bullish). Today, the SPY was down five days in a row, which predicts the market will be lower 83% of the time within five days. The bottom may not be far off.

Join me on TFNN.com Tuesday at 3:30 Eastern; Thursday at 3:20 Eastern, Tune in.

Above is the daily VVIX/VIX ratio. You see a positive divergence. At a reversal in the SPY, it’s common for the $VVIX/$VIX ratio to produce a divergence. The chart above goes back to February and shows the times when SPY made lower lows, and the VIX/VVIX ratio made higher lows (positive divergence; blue squares) and the times when SPY made higher highs and the VIX/VVIX ratio made lower highs (bearish divergence; red square).  We did have a bullish TRIN close on Friday of 1.47 and a somewhat bullish TICK close of -166.  Also worth noting is that the market is near the 420 SPY support. We do have bullish signs but no bullish trigger. Staying neutral for now.

Join us at @OrdOracle

 The top window in the above chart is the weekly GDX graph. The next lower window is the weekly cumulative GDX Up-Down Volume Percent, and the next lower window is the weekly cumulative GDX Advance-Decline Volume Percent. This chart goes back nearly two years. We added the Bollinger Bands to the bottom two indicators. Bullish and bearish signals are triggered for GDX when either or both indicators close above (bullish) or below (bearish) their mid-Bollinger bands. The red dotted lines on the chart above are when a bearish signal is triggered, and the dotted blue lines are when a bullish signal is triggered. Last week, both indicators closed above their mid-Bollinger bands, triggering a buy signal. The signal usually lasts two to six months.

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
Getting the Word Out On Podcasts
next post
Tim Scott rolls out bill to protect sensitive military and intel sites, strengthen review process

You may also like

Market Maker Manipulation on AAPL Has Been Egregious...

March 3, 2024

GNG TV: Stocks Take a Break for That...

August 10, 2023

The S&P 500 Showing More Bullish Signals, Watch...

January 22, 2023

Is the Trump Rally Like the Reagan Rally?

November 11, 2024

Absolutely Everything Goes Up

July 14, 2023

AAPL and TSLA Stocks Are COLLAPSING!

March 7, 2024

Surprise! These Grocery Stocks are Crushing 2024 Targets

May 24, 2024

Technical Correction? Or Return of the Bear Market?

September 6, 2023

Watch the Ebb and Flow — This Market...

July 21, 2023

BULLISH on These Options Trade Ideas

February 3, 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

    • TSA tells Americans their Costco cards won’t fly at airport security despite love for hot dogs

      June 7, 2025
    • Trump announces China will restart rare earth mineral shipments to US after productive call

      June 7, 2025
    • Musk feud presents ‘unprecedented’ dynamic compared to past Trump disputes: expert

      June 7, 2025
    • Snub of Musk’s NASA nominee ally preceded sudden ‘big, beautiful bill’ criticism, Trump feud

      June 6, 2025
    • Supreme Court rules DOGE can access Social Security information

      June 6, 2025
    • US sanctions money laundering network aiding Iran as regime faces nuclear reprimand at IAEA

      June 6, 2025

    Categories

    • Business (8,149)
    • Investing (2,019)
    • Politics (15,558)
    • Stocks (3,134)
    • 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