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

Money Control Place

Stocks

The Ord Oracle December 5, 2023

by December 6, 2023
December 6, 2023
The Ord Oracle December 5, 2023

SPX Monitoring Purposes: Sold 11/29/23 at 4550.58 = gain 10.52%; Long SPX 10/27/23 at 4117.37.
Gain Since 12/20/22: 26.8%.
Monitoring Purposes GOLD: Long GDX on 10/9/20 at 40.78.

The bottom window above is the VIX; readings below 17 lean bullish, as most tops in the market start to form when the VIX is above 17 (current VIX reading is 13.08). However, a rising VIX, along with a rising SPY is a bearish sign, and both the VIX and SPY have been rising over the last several days. Last Friday, the SPY closed at a new short-term high and volume expanded to the highest levels going back over a week. Most high volume highs are tested, and, if tested on lighter volume, would add to the short-term bearish picture. A gap formed near the 440 range and would be a possible downside target. We sold our long SPX on the close of 11/29/23 at 4550.58, a gain of 10.52%.  Long from SPX 10/27/23 at 4117.37.

The bottom window is the SPY, and the next higher window is the TLT/VVIX ratio. In mid-October, the SPY was making lower lows and the TLT/VVIX ratio was making higher lows and a bullish divergence (noted in light blue): October 27 marked the low. Currently, we have the SPY hitting a higher highs and the TLT/VVIX ratio making lower highs and a bearish divergence. This negative divergence can last several days, if not a week or two. There is evidence that, over the next couple of weeks, a pullback in the SPX (SPY) may materialize. We pointed out that Friday’s volume on the SPY was relatively high, and most high volume highs are tested, which could be a short-term target for the next high. A large gap formed on the SPY near the 440 range, and most large gaps get filled at some point. The 440 on the SPY represent a 38.2% retracement and a possible downside target. The bigger trend is up and the shorter term trend is sideways to down. Staying neutral for now.

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
AOC claims women will face doctor exams if biological men barred from female sports
next post
High Risk of Market Downside in December?

Related Posts

Energy-related Commodities Lead, but Oil Looks Vulnerable

September 21, 2023

S&P 500 Drops Quickly to Test Key Support...

April 2, 2025

These Stocks Are Looking Good As We Move...

December 30, 2023

A HUGE Double Top Pattern in the S&P...

August 7, 2023

7 New Tools to Help You Chart Highs,...

July 8, 2023

How to Increase Your Win Rate

June 23, 2023

Investing with the Trend: Appendix

June 14, 2024

Lift Off! Aerospace and Defense Stocks Showing Multi-Year...

December 8, 2023

My Downside Target for the S&P 500

March 9, 2025

Intraday Trading Entry and Exit Strategies

April 19, 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

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

    • CHARBONE Hydrogen Announces Closing of a Second and Final Tranche, Oversubscribing its $1M Non-Brokered Private Placement

    • CHARBONE Hydrogene annonce la cloture d’une deuxieme et derniere tranche de son placement prive sursouscrit sans intermediaire de 1 M$

    • Spartan Metals Announces Director and Officer Changes

    • Bold Ventures Discovers New Style of Mineralization on Its Wilcorp Property

    • Finlay Minerals Announces Non-Brokered Private Placement of Flow-Through and Non-Flow-Through Units

    Categories

    • Business (1,395)
    • Investing (2,990)
    • Politics (3,699)
    • Stocks (1,811)
    • 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