Tim Ord | TalkMarkets | Page 5
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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Tomorrow, Tomorrow, We Love You Tomorrow
Today’s marks four days in a row that where up, can it make to five? If five days up in a row, this points to the conclusion that the market will be higher within five days 85% of the time for an average gain is .8%. Lets see what tomorrow brings.
Panic Is Present
Panic is present. Panic needs to form for a bottom in the market to form and the more the panic the larger the rally, thereafter.
SPY: Higher High In Seven?
The SPY was up five days in a row going into last Monday and market is higher within five days 84% of the time. Yesterday marks the fifth day, sometimes it can take up to 7 market days to make a higher high and it appears to be one of those times. 
Market May Hit New Highs Friday
Seasonality wise, going into a new month usually leans bullish and Friday marks the end of July Trading. Seasonality for the month of August leans bearish, so when the current rally ends the market may flip sideways.  
All Signs Neutral, For Now
With today’s lighter volume rally (compared to yesterday’s volume) the S&P may stall here. The last few days has had high volatility which in turn may lead to low volatility the next few days. Don’t see a good setup right now and will remain flat.   
GDX: A Base Has Formed And A Rally Is Forthcoming
The last update from the Hulbert Financial sentiment reading for gold came in at 10% bulls, which suggests the market is at or very close to a low or has made a low.  Most indicators are set for a rally to begin.
S&P 500: Heading Towards A Head And Shoulders Bottom
The pattern that appears to be forming on the S&P 500 chart is a Head and Shoulder bottom where the double Head came at the Mid- May lows. This potential Head and Shoulders bottom has a measured target near 4425.
Market Rally Heads Into July
Though the market has rallied from last Monday the TRIN readings suggests the rally should continue. Seasonality wise (which didn’t work last week as it was suppose to be down) the reading is favorable into the third week of July.
S&P 500: Mind The Gap
Large declines in the NYSE can occur when the McClellan Summation Index falls below “0”. Readings above +500 point to a relative strong market and the current reading is +744.
Three Drives To The Top
This week is option expiration week which normally has a bullish bias and therefore the Nasdaq could hold the highs or modestly move higher this week. Next week is one of the worst performing weeks of the year Seasonality wise.
It's A Bull Market For Gold
Gold stocks are stronger than Gold which shows this market is in a bull market. This relationship can be seen in the weekly XAU/Gold ratio which has been steadily rising since December 2020 and has hit new 3 year high, a bullish longer term sign. 
Bears Sniffing Around While Gold Miners Head Toward A New High
The VVIX/VIX ratio has made short term higher highs as the SPY has made short term higher highs, which is a bullish condition for the SPY. So far no short term negative divergences has showed up for the SPY. 
Signs For A Bottom Are Starting To Appear
Almost all bottoms produce panic readings in the Tick and Trin. On today’s (May 19) pull back the TRIN did close at 1.53 suggesting a low is not far off. Our view short term is for market to have a modest pull back.
​2700 On Gold Should Be An Easy Target ​
A bullish divergence occurs when the SPY makes a lower low and the VIX makes a higher low. In general when the SPY is falling so should the SPY/VIX ratio and when there is a divergence then a reversal in the market may be near. 
Staying In Neutral - Looking Like A Sideways Week
The S&P 500 may move sideways this week as upside appears limited for now as the relative low TRIN readings are not near the fear level needed to push the market higher. Staying neutral for now.   
Surf's Up - Impulse Waves May Be Starting
There is a lot of evidence that gold indexes are starting an impulse wave. As far as investments goes in the coming weeks and maybe months the Gold Bugs index may outperform the Nasdaq 100 index.
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