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

Money Control Place

Stocks

The Ord Oracle August 8, 2023

by August 9, 2023
August 9, 2023
The Ord Oracle August 8, 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.

SPY has an open gap near 454, which is close to the highs of August 2 and 4th, and both of those highs had relative high volume and imply heavy resistance. This condition would suggest the high of July 27 near 460 will not be tested. Friday’s volume (August 4) was high, and today trading tested Friday’s low on lighter volume, suggesting support. We also tested yesterday’s gap low on higher volume, suggesting yesterday’s low may be tested again. Friday’s close produced a 1.79 TRIN and -414 TICK, which is a bullish combination and suggests a low will form from as early as the readings were recorded to as late as two days later, which would be today (we are starting to see third day out could produce a low, which would be Wednesday). We could see a “back and forth” for a couple of days before the 454 SPY gap level may be tested. Options expiration week is next week, which has a bullish bias; a bullish setup could be triggered this week for a rally into option expiration week.

I’m on TFNN.com Tuesday 2:30 Eastern Time; Thursday 2:20 Eastern Time. Tune in.

We updated this chart from yesterday and said, “Noted in pink are the times when VIX made higher lows as SPY made higher highs, which is a bearish divergence. The current divergence could produce a pullback of 7% to 9% from its high. Strong support lies near 4200 SPX range.” Added to the above; it looks as though market may bounce first before another decline, which may take market to the 4200 SPX support.

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
Kamala Harris to hold ‘grassroots reception’ on wealthy Martha’s Vineyard
next post
The Halftime Show: Are Broadline Retailers Starting to Turn?

Related Posts

Seasonality Suggests a Massive Energy Market Shift This...

June 19, 2024

My Durable Advantage as an Investor is My...

May 24, 2025

S&P 500 Breaking Out Again: What This Means...

September 12, 2025

S&P 500 Breaking Out Again: What This Means...

September 11, 2025

MEM TV: New BULLISH THRUST in the S&P...

November 3, 2023

How Mega-Cap Names Dominate Through Market Cap

October 17, 2023

The Stock Market’s Tremendous Resilience: What This Means...

April 5, 2024

Where You Can Find The “Health” in the...

October 6, 2023

The Best Five Sectors, #4

January 25, 2025

S&P 500 Breaking Out Again: What This Means...

September 13, 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.

    Latest

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

    • Angkor Resources: Unlocking Cambodia’s Resource Potential through Energy and Minerals Assets

    • Alice Queen raises $1M via issue of Convertible Notes

    • Sranan Gold Intersects 11.5 Metres Grading 3.64 Grams per Tonne Gold in Saprolite from Initial Drill Hole at Randy’s Pit at the Tapanahony Project in Suriname

    • Homerun Resources Inc. Announces Updated Offtake Agreement with Brasil Fotovoltaico for the Supply of High-Quality Solar Glass

    • Heritage Mining Confirms New Gold Mineralization at the Scattergood Project

    Categories

    • Business (1,373)
    • Investing (2,905)
    • Politics (3,699)
    • Stocks (1,791)
    • 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