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

Money Control Place

Stocks

The Ord Oracle October 10, 2023

by October 12, 2023
October 12, 2023
The Ord Oracle October 10, 2023

SPX Monitoring Purposes: Long SPX 9/28/23 at 4299.70.

Gain since 12/20/22: 15.93%.

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

Above is the monthly SPX. The pattern forming appears to be a head-and-shoulders bottom where the head is last October’s low and the right shoulder is forming now. To confirm this pattern, a sign of strength (large volume and strong price movement) will be needed through the neckline (near 4600 SPX). If this pattern is confirmed, it has a measured target near 5700 SPX, which is 30% higher from current levels. The time it may take to reach this lofty level would be a year or longer. Seems far fetched, at the moment but the groundwork is present; we will need the sign of strength through 4600 to increase the likelihood.

Yesterday we said, “The bottom window is the NYSE Advancing issues/NYSE Total issues with a 10-period average.  A Zweig Breadth Thrust occurs when this indicator drops below .40, then rallies to .60 within 10 days. We pointed out the previous Zweig Breadth Thrust in the past with blue dotted arrows. There were three Zweig thrusts in the basing period from April 2022 to April 2023. When a Zweig thrust occurs, it suggests a bullish intermediate-term rally is coming. The 10-day count down starts from last Thursday, when the Zweig thrust closed at .40. The 10-day count down to .60 would be October 19 or sooner. The current reading is .49, and we’re almost halfway there. The current rally would need to continue to push the Zweig thrust higher. I’m thinking it’s possible.” The current reading now is .54 (over halfway there) and still have until next Thursday for .60 to be reached.

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
How to Invest in Gold
next post
Monthly Chart Points to Much Higher Oil Prices Coming

Related Posts

GNG TV: Growth & Energy LEAD as S&P...

September 14, 2023

The Best Traders ALWAYS Cherry-Pick Their Setups

November 9, 2023

Bullish Holiday Seasonality Promises More Gains; Three Value...

November 20, 2023

Stock Market Ends Week on Positive Note; Market...

October 6, 2023

2 NEW AREAS Are on the Move –...

June 29, 2024

Tesla Stock Has High Expectations: A Strong Pop...

October 19, 2023

Trading the Swing within the Pattern: IGV Example

October 10, 2023

What Loss?! NVIDIA and ORACLE Rip Higher

March 13, 2024

DP TRADING ROOM: Find Shorts Using the Diamond...

April 23, 2024

Bank Earnings Showdown: Emerging Trends You Need To...

July 12, 2023

    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

    • Lithium Market Update: Q3 2025 in Review

    • Despatch of SPP Offer Documents

    • Crypto Market Update: FalconX to Buy 21Shares, Senate Democrats Call Out Trump Envoy

    • Apollo Silver

    • Blackrock Silver Commences Phase 2 Hydrology Program, Geotechnical Evaluation and Seismic Survey on the Tonopah West Project

    Categories

    • Business (1,401)
    • Investing (3,062)
    • Politics (3,699)
    • Stocks (1,828)
    • 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