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

Money Control Place

Stocks

The Ord Oracle July 25, 2023

by July 26, 2023
July 26, 2023
The Ord Oracle July 25, 2023

SPX Monitoring Purposes: Long SPX 6/21/23 at 4365.69; sold 7/21/23 4536.34=gain 3.91%.

Long SPX on 2/6/23 at 4110.98: Sold 6/16/23 at 4409.59 = gain of 7.26%. Gain since 12/20/22=17.68%.

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

The second window up from the bottom is the hourly SPY, and the next higher window is the hourly VIX. Bearish signs form when the SPY makes higher highs and the VIX makes higher lows. We noted those times shaded in pink. The current bearish sign started in late June and is ongoing so far. The FOMC meeting announcement is scheduled for tomorrow around 2:00 Eastern, and it looks as though there will be a ¼% increase.  With the VIX rising along with the SPY, a reaction in the market is possible.

We updated this chart from yesterday and what we said yesterday still stands. “The bottom window is the 10-day average of the TRIN; the next higher window is the 21-day average and the next window higher is the 63-day average. All three moving averages of the TRIN reached bearish levels in late June-early July. These signals can occur before a top in the market forms. We use this type of indicator to warn us that a pullback may be coming. The market appears to becoming a little exuberant, which in turn may stall the rally. We sold our long position on Friday and are waiting for the next setup. In general, the market looks more sideways over the next few weeks, rather than seeing a big pullback.”

The bottom window is the 18-day average for the advance/decline percent for GDX, and the next higher window is the 18-day average for the up down volume percent for GDX. In a nutshell, when both indicators are above -10 (noted in blue), GDX is in an uptrend. Current readings stand at +25.20 (bottom window) and +24.54 (next higher window). When both indicators fall below -10, that is when GDX may start to consolidate. As for now, GDX is in the bullish mode.

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
Surging Trucks Are Driving The Industrials Sector Higher
next post
BIG SURPRISE (Not)! The Fed Does Exactly What They Said They Would

Related Posts

Safer Stock Picks for an Uncertain Market (High...

April 22, 2025

Nasdaq 100 (QQQ), Communication Services (XLC) and Transports...

October 12, 2023

AI Stocks Ignite Again—Where Smart Money is Heading...

June 24, 2025

The Mighty Have Fallen! TSLA and NVDA On...

March 15, 2024

Week Ahead: What Should You Do As Nifty...

April 19, 2025

The Ord Oracle December 11, 2023

December 12, 2023

DP Trading Room: Bitcoin Surges!

March 4, 2025

Personalized Options Trading Strategies: Discover High-Yield Covered Calls...

April 30, 2025

A Practical Options Strategy to Trade Home Depot

June 5, 2024

TAG, You’re It! Rotation Away From Semiconductors Benefiting...

June 28, 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

    • RGTI Stock Surged 30% — Is This the Start of a Quantum Comeback?

    • Three Bearish Candle Patterns Every Investor Should Know

    • These HOT Industry Groups are Fueling This Secular Bull Market

    • Charbone Hydrogene annonce une mise-a-jour sur les reglements de dettes par emission d’unites

    • Charbone Hydrogen Announces Updates on Units for Debts

    • LaFleur Minerals Commences Diamond Drilling at the Swanson Gold Deposit and Completes Independent Valuation of the Beacon Gold Mill

    Categories

    • Business (1,293)
    • Investing (2,692)
    • Politics (3,699)
    • Stocks (1,730)
    • 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