Tim Ord | TalkMarkets | Page 11
President at The Ord Oracle
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Tim Ord earned a Bachelor of Science degree as a Mathematics teacher from the University of Nebraska in 1973. He became a Stockbroker in 1977 and worked his way up to Vice President and Senior Option Principal in 1981.Tim Ord has over 25 years in trading experience. In 1988, using his own ...more

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Today The SPY Made A Higher High
The FOMC meeting is today and tomorrow and can produce reversals in the market. Today the SPY made a higher high and the SPY/VIX made a lower high, but not by much which can lead to a weak signal.
A Pull Back In SPY Is Coming
The VIX closed higher as the SPY closed higher over the last three days suggesting a pull back in SPY is coming. The VIX trades opposite of the SPY and in general the VIX leads the way for the SPY.
Today The VIX Closed Lower And The SPY Closed Lower
The VIX trades opposite of the SPY and suggests the SPY could have an up day tomorrow. We did not see a “Sign of Strength” off of the low Last Thursday’s bottom.
A Bounce In GDX Is Possible In The Coming Days
Few divergences suggest a bounce in GDX is possible in the coming days, whether the bounce turns into a trending advance, we will have to wait and see.
SPX/VIX Ratio Rallies
It’s a bullish sign for the market when the SPY/VIX ratio is rising as the VIX is falling percentage faster than SPY is percentage rising. VIX leads the SPY in the opposite direction.
GDX Has Made Lower Lows
GDX has made lower lows and the GDX/GLD ratio is marching sideways showing that GDX/GLD ratio is stronger than GDX and normally GDX/GLD ratio leads the way for GDX.
GDX Made A Higher Low
The Advance/Decline percent and Up down volume percent indictors broke to new recent lows as GDX made a higher low, suggesting at some point GDX will break its previous low.
The Terrorist Attacks In Europe Are Having A Bullish Affect On Gold And Gold Stocks
There are still negative divergence present as the GDX/GLD ratio did not confirm today’s rally in GDX and yesterday’s closes did not show a bullish divergence and predict today’s strong rally in GDX.
Weakness In The SPY Is Coming
Today the SPY dropped .12% and VIX rose 5.4% suggesting weakness in the SPY is coming. However we don’t think there is a large down move beginning here but one could come later.
GDX/GLD​ Ratio Leads The Way For GDX
The weekly GDX/GLD ratio retraced near 90% of the rally form the December low, where GDX just retraced 61.8% showing that GDX/GLD ratio is weaker than GDX.
Three Drives To Top
This week is option expiration week which normally has a bullish bias. The pattern that may be forming on the SPY​ is a “Three Drives to Top” and SPY is attempting the Third top now which may not be completed until Friday or early next week.
An Impulse Wave Up Has Begun
Coming off a bottom in the market, you like to see the 5 day average of the Tick jump to >+500 to suggests an impulse wave up has begun. In general the market looks OK.
Gold Could Retrace Some Short Term
Gold could retrace some short term but the monthly charts remain on a sold buy signal. The monthly charts remain bullish.
GDX/GLD Ratio Leads The Way For GDX
The GDX/GLD ratio has dropped to its early March low, suggesting GDX is heading to its early March low near 21.00. It's too soon to say that will be the final low, we will have to wait and see what happens at the 21.00 level if or when GDX get there.
Buy Climax
On March 1 a Buy Climax was recorded and most Buy Climaxes high are tested at some point. The High on March 1 came in near the 2400 range on the SPX and for the moment is our upside target.
Trin And Tick
For very short term the SPY is not giving clear clues what next move will be. It's common for a pull back the week before option expiration week. Next week is option expiration week.
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