Money Control Place
  • Politics
  • Business
  • Stocks
  • Investing
  • Politics
  • Business
  • Stocks
  • Investing

Money Control Place

Stocks

The Ord Oracle June 13, 2023

by June 14, 2023
June 14, 2023
The Ord Oracle June 13, 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.

We updated this chart from yesterday. The short term picture leans bullish as the VIX remains below +17, with the current reading coming in at +14.69. What we said yesterday remains in force: “The bottom window is the weekly VIX going back to early June 2021. It’s common for the SPY to trend higher when the VIX is below 17.  The VIX current reading stands at 14.82 and near a 2½ year low. VIX has generally been below 17 since early April and below 17 continually the last couple of weeks. This evidence suggests that the SPY is in a trending mode that could last weeks if not months. Support now lies near 420 range on the SPY.” We were long SPX on 12/20/22 to 1/27/23 for gain of 6.51%; long again from 2/6/23 to present for a +6.9% gain; totaling over 13.41% so far this year.

The bottom window is the 10-day average of the TRIN. It’s common for the SPY to stall, if not reverse, when the 10-day average of the TRIN reaches .80 and lower. We identified those instances with red lines. The current 10-day average of the TRIN stands at .93 and is in an area where the SPY can continue to rally. This indicator near .80 is something to watch for, which in turn could lead to a bearish setup.

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
George Soros-linked PAC, extra races give Virginia Democrats fundraising edge in crucial primary election
next post
Fed’s Rate Pause: Does It Really Change the Big Picture?

Related Posts

MEM TV: 3 Great WAYS to Play AMD...

March 2, 2024

Stay Ahead of the Markets with AUTOMATED Portfolio...

April 13, 2024

Bitcoin Futures Open Interest Spike

November 4, 2023

What Could Go Wrong This Week? Ummmm, A...

June 12, 2023

Week Ahead: NIFTY Prone To Consolidation At Higher...

July 22, 2023

Pullbacks & Reversals: Stocks Setting Up for Big...

July 1, 2025

Market Up & Down — Don’t Try to...

September 18, 2023

This Relative Strength Signal Can Provide Early Warning...

November 9, 2023

Market Breadth Gains Momentum; Don’t Fight the Market,...

December 21, 2023

Decoding PLTR Stock: Why It’s an Attractive Investment

February 8, 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.

    Latest

    • S&P 500 Breaking Out Again: What This Means for Your Portfolio

    • Notice of General Meeting

    • Aurum Resources

    • Alvopetro Energy

    • Altech Batteries LtdBearer Bond Funds Received

    • New Found Gold and Maritime Enter into Definitive Agreement to Combine; Combination Creates an Emerging Canadian Gold Producer

    Categories

    • Business (1,369)
    • Investing (2,866)
    • Politics (3,699)
    • Stocks (1,780)
    • Uncategorized (20)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: MoneyControlPlace.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 moneycontrolplace.com | All Rights Reserved