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

Money Control Place

Stocks

The Ord Oracle December 11, 2023

by December 12, 2023
December 12, 2023
The Ord Oracle December 11, 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.

Above is the monthly SPX. The bottom window is the SPX/VIX ratio. It’s common for this ratio to lead the SPX, and right now the monthly SPX/VIX has made a higher high above the July high, as well as above the January 2023 high, suggesting that, at some point, the SPX will trade above the July high and the January 2023 (noted with thick blue arrows). SPX is just at the July high now, but could fade this week as, seasonality-wise, this is the fourth weakest week of the year. We are only looking for a pullback that could setup the next bullish signal. The pattern that appears to be forming is a head-and-shoulders bottom, where the head is the October low and the right shoulder is forming now. Lets see how the week goes.

We sold our long SPX on close of 11/29/23 at 4550.58 for a gain of 10.52%. Long from SPX 10/27/23 at 4117.37.

If you remember, we got out in July near the high (sold on 7/21/23 at 4536.34 SPX), and the reason we sold our long SPX position was because of the chart above. The middle window is the daily VIX/VVIX ratio. It’s usually a bearish sign for the SPX when this ratio is rising along with the SPX (noted in shaded pink). This ratio has been rising from the first of December (over a week), suggesting the current rally may stall in the coming days. This indicator give strength to the notion that this week, seasonality-wise, is the fourth-weakest week of the year. The next potential pullback could produce a bullish setup.

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
Nevada Sunrise Produces 3-D Model for the Gemini Lithium Project, Nevada
next post
Sector Spotlight: Timeless Knowledge and Insights into Sector Rotation & Seasonality

Related Posts

DP Trading Room: How To Time Your Trade...

November 27, 2023

Your Selling Methodology is Your Paramedic to Profits

March 2, 2024

S&P 4300 by End of February?

January 13, 2024

The Halftime Show: Fed Stays Put, Bond Markets...

February 2, 2024

DP Trading Room: Final Earnings are In for...

April 16, 2024

UTILITIES TRYING TO “POWER” UP EQUITY MARKETS

June 4, 2024

Sector Spotlight: Unleash The Power of Sector Analysis...

November 8, 2023

Visualizing the Market Factors Panel on RRG

February 10, 2024

Fed Watch: Key Bullish Patterns in the S&P...

May 8, 2025

Week Ahead: NIFTY May Continue Finding Resistance At...

April 7, 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

    • Confused by the Market? Let the Traffic Light Indicator Guide You

    • Which Will Hit First: SPX 6100 or SPX 5100?

    • Investment Portfolio Feeling Stagnant? Transform Your Path Today

    • Where the Market Goes Next: Key Resistance Levels + Top Bullish Stocks to Watch Now

    • Recession Ahead? Sector Rotation Model Warns of Rising Risk

    • Crypto Market Recap: Bitcoin Breaks US$100,000 as ETF Inflows Rise, Coinbase Makes US$2.9 Billion Power Play

    Categories

    • Business (1,183)
    • Investing (2,412)
    • Politics (3,699)
    • Stocks (1,558)
    • 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