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

Money Control Place

Stocks

The Ord Oracle: October 18, 2023

by October 18, 2023
October 18, 2023
The Ord Oracle: October 18, 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.

In the above chart, the bottom sub-panel displays the 10-period moving average of the TRIN. The shaded pink areas are when this indicator leans bearish (below 0.90) and light blue when it leans bullish (above 1.20). The current 10-day TRIN stands at 0.86 and leans bearish. We noted with red lines the times when this indicator was below 0.90. 

During October option expiration (this week) seasonality leans bullish, and it’s possible that Option Expiration bullish lean may trump the bearish lean 10-day TRIN for a short while. There is a possibility a pullback may be coming but it may come after option expiration week; having said that, we do expect higher prices going into yearend.  

Long SPX 9/28/23 at 4299.70.  Join me on TFNN.com Tuesday 3:30 Eastern; Thursday 3:20 Eastern, Tune in.

We have been saying, “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 0.40 than rallies to 0.60 within ten 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 Breadth Thrust” closed at 0.40. The 10-day count down to 0.60 on the “Zweig Breadth Thrust” would be October 19 or sooner. The current reading is 0.49; and 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 is 0.52 up from yesterday of 0.51, and still has Thursday for 0.60 to be reached to trigger the “Zweig Breadth Thrust”.

The bottom panel in the above chart is the weekly GDX cumulative Advance/Decline Percent Indicator. The panel above it is the weekly GDX cumulative Up Down Volume Percent. The weekly indicators look at the bigger picture and the signals can last two to six months. A signal is triggered when one or both indicators close above its mid-Bollinger band.  The blue circles identify when either indicator crossed above its mid-Bollinger band. At the moment, we have both. These indicators are good at catching trends that last two to six months.  The previous signal came in April around the 34.00 range on a sell and now has turned bullish near the 29.00 range.

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
Hundreds killed in blast at Gaza Strip hospital; Israel says Islamic Jihad’s ‘failed rocket launch’ to blame
next post
Market Has Stress Fractures but No Clear Breaks

Related Posts

S&P 500 Makes a New All-Time High By...

April 27, 2024

These Sectors are Showing Strength as S&P 500...

May 22, 2024

DP Trading Room: Shake Up at Boeing (BA)

March 26, 2024

Emerging Stocks to Watch – Breakouts, Momentum &...

May 21, 2025

S&P 500 Rises from Bearish to Neutral, But...

April 27, 2025

Market Looks Toppy

May 24, 2024

High Risk of Market Downside in December?

December 7, 2023

Week Ahead: Precariously Low Levels Of VIX Poses...

August 6, 2023

From Relic To Reckoning: Can Gold Surge To...

April 13, 2024

SMCI Stock Rebounds: Why Its SCTR Score is...

May 15, 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

    • Breakouts, Momentum & Moving Averages: 10 Must-See Stock Charts Right Now

    • Week Ahead: NIFTY Stays In A Defined Range; Moving Past This Level Crucial For Resumption Of Upmove

    • Editor’s Picks: Gold Faces Bumpy Week on Trade Tensions, Platinum Stages Breakout

    • Run Your Stock Portfolio Like a Pro Sports Team

    • Leadership Rotation Could Confirm Corrective Phase

    • Breakouts, Momentum & Moving Averages: 10 Must-See Stock Charts Right Now

    Categories

    • Business (1,223)
    • Investing (2,504)
    • Politics (3,699)
    • Stocks (1,616)
    • 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