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

Money Control Place

Stocks

The Ord Oracle July 11, 2023

by July 12, 2023
July 12, 2023
The Ord Oracle July 11, 2023

SPX Monitoring Purposes: Long SPX 6/21/23 at 4365.69.

Long SPX on 2/6/23 at 4110.98: Sold 6/16/23 at 4409.59 = gain of 7.26%.

Monitoring Purposes GOLD: Long GDX on 10/9/20 at 40.78.

The bottom window is the weekly SPX/VIX ratio and the next higher window is the weekly SPX. We pointed out the times when the SPX weekly has a minor retracement and the SPX/VIX ratio has a large retracement. This doesn’t happen all the time, but when it does, it is a good warning that market may be near a high. The SPY was up five days in a row going into Monday (July 3), which predicts the market will be higher within five days 85% of the time. If the market does make a higher high this week or next week and the SPX/VIX ratio makes a lower high, a divergence will show up. We noted the previous divergences in shaded light pink on the chart above, and all came near highs in the SPX. Evidence is growing that a high in the SPX may not be far off.

Above is the weekly SPY (top window) with its Bollinger Band. The SPY is usually near a stall area when half of the trading range closes above the weekly upper Bollinger band. We noted those times with a blue circle on the chart above. The bottom window is the weekly VIX; readings below 17 suggest a trending market is in force, and the current close is 14.90. A close above 17 on the VIX would suggest a pullback in the market is nearing. The SPY uptrend is intact, but signs are present that a pullback is not far off.

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
The Only Setup That You’ll Ever Need
next post
Bank Earnings Showdown: Emerging Trends You Need To Know

Related Posts

Stay Ahead Of The Curve To Make More...

July 16, 2023

Everyone Talks About Leaving a Better Planet for...

June 7, 2025

Sector Spotlight: S&P 500 – Consumer Discretionary Sector...

November 21, 2023

The Hoax of Modern Finance – Part 4:...

January 8, 2024

Why ADX Can Mislead You — And How...

June 5, 2025

Bearish Engulfing Pattern Marks Top For NVDA?

March 9, 2024

CPI, Bonds, Inflation, Indices and Gold

July 13, 2023

10 Crucial Charts Shaping The Markets in October...

October 6, 2023

Top 10 Stocks to Watch in July 2023,...

July 4, 2023

Price Pays… But For How Long?

June 21, 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

    • Gold’s Meteoric Rise: Can the Price Break US$4,000 in 2025?

    • COB: Repayment of Promissory Note

    • Lo Herma Resource Drilling Timing Confirmed

    • Reinstatement to Quotation

    • Tariff Talks: Swiss Propose Investment in US Gold Refining

    Categories

    • Business (1,395)
    • Investing (2,975)
    • Politics (3,699)
    • Stocks (1,807)
    • 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