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

Money Control Place

Stocks

The Ord Oracle November 13, 2023

by November 14, 2023
November 14, 2023
The Ord Oracle November 13, 2023

SPX Monitoring Purposes: Long SPX 10/27/23 at 4117.37.
Gain Since 12/20/22: Over 23%.
Monitoring Purposes GOLD: Long GDX on 10/9/20 at 40.78.

Above is a sentiment indicator which is the CBOE 5- and 21-day equity put/call ratio. The red lines and pink-shaded areas are times when the 5- and 21-day equity put/call ratio reached bullish levels for the market. It’s interesting that the SPX went straight up over the last couple of weeks, while the put/call players lean solidly bearish both on the weekly and monthly timeframe, which in turn is bullish. There could be a consolidation this week, but next week (Thanksgiving week), seasonality leans bullish and, with the put/call ratio remaining in bullish territory, the SPX rally may continue. We are long SPX 10/27/23 at 4117.37.

Join me on TFNN.com Tuesday 3:30 Eastern Time and Thursday 3:20 Eastern Time.

This week is the 10th-worst week of the year for performance and could see a pullback. The bottom window is the 10-day average of the TRIN. Readings near 1.20 and higher are bullish for the market; the current reading is 1.17, which leans bullish. The next higher window is the VIX. Readings below 17 suggests the market is in a trending mode (current reading is 14.62). Also notice that the SPY has made higher highs and the VIX has flipped sideways over the last several days, which is a negative divergence. There is a possibility of a pullback, but 10-day TRIN and pull/put call ratio (page 1) suggests ultimately the market will move higher.

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
Sector Spotlight: Sector Rotation and Macro Insights for the Economic Cycle!
next post
Stocks and Bonds SOAR After October CPI

Related Posts

The Hoax of Modern Finance – Part 10:...

March 1, 2024

DP Trading Room: Semiconductors – SOXX v. SMH,...

March 12, 2024

What The HECK?! Can an Inverted Yield Curve...

July 13, 2023

Nuclear Power Trio: OKLO, SMR, and CCJ in...

May 30, 2025

Price Pays… But For How Long?

June 21, 2024

Downside Targets For S&P 500 Pullback

June 24, 2023

Gilead’s Game-Changer: What You Need to Know About...

June 22, 2024

New Dow Theory CONFIRMS BULL Phase!

February 29, 2024

Breakout Or Failed Breakout: It’s Important To See...

January 9, 2024

Striking While The Iron Is HOT!

October 15, 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

    • Kobo Resources Closes Second and Final Tranche of the Upsized Non-Brokered Private Placement for Gross Proceeds of Over $3.96 Million

    • Sranan Gold Announces Participation in Upcoming Capital Event Muskoka Conference and Munich Mining Conference

    • Insider Loan to Corporation

    • Blue Lagoon Announces Commissioning of MBBR Water Treatment System and Start of Underground Operations at Dome Mountain

    • Crypto Market Update: Bitcoin ETF Inflows Hit US$2.3 Billion As Traders Bet on Fed Easing

    Categories

    • Business (1,373)
    • Investing (2,900)
    • Politics (3,699)
    • Stocks (1,790)
    • 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