Tim Ord | TalkMarkets | Page 6
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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The Market Is Strong
The Market is in a strong position. There can be minor pullbacks when this high of a reading is recorded but after the pull back, higher highs are expected.
S&P/Volatility Ratio Still Strong
The Market is in a strong position. Stocks usually weaken first before an intermediate term top starts to form and that is not happening. We could have a 3-5% pull back, less likely would be a 10% or greater pull back. 
Looking For A Bull Trigger To 4000
For the very short term the SPY may be nearer to a low than a high. If a bullish signal is triggered, a bounce is likely that could carry the SPX to the 4000 level which we have mentioned in the past for a possible target high.
The McClellan Summation Reading - Strong Bull Mode.
A McClellan Summation index above “0” implies the market is in bull mode; readings above +600 implies the market is in a strong bull mode. The current reading stands at +672.92 and rising.
Is The Low In?
The possibility to test last week's low is still on the table (though this time could be different).
On The Lookout For A "Zweig Thrust"
We had a “Zweig Breadth Thrust” back in early Feb. which usually leads to more rallies in the coming weeks. Notice that there were three “Zweig Breadth Thrust” rallies coming off the March low of last year and two more in Oct. and Nov.
Going Long On SPX
SPX/TLT​​​​​​​ is trading at a new high suggesting SPX may also test or trade to a new high.
Long On Gold
February has a history of marking reversal in the gold market and this time around should be a low. Bigger picture remains bullish; short term picture is producing bullish divergences.
Market Signals Point Higher
Today the SPX/TLT closed above the 1/26 high where SPX is still below.  Its common for the SPX/TLT ratio to lead the SPX. This condition suggests that the SPX will close above it 1/26/21 high which is 3870.90 in the coming days.
Market Sending Bearish Signals
The GDX/GLD price above .25 is where gold stocks could rally the strongest. The best part of the gold stock rally is not far off and could start when the monthly GDX/GLD ratio closes above .25. Long GDX on 10/9/20 at 40.78.
Is The Market Set To Go Against History In The First Months Of The New Administration?
History shows that markets are only up 30% of the time on Inauguration Day. Are the stocks and gold headed for new highs or dips as the Biden Administration takes office?
Wither The SPY?
Going back to 2003, when the daily RSI for SPY gets near 80 range; it never (usually) is the last high. When the daily RSI starts to top out around the 70 or lower range is when momentum is running out of steam and market is due for a pull back.
This Bull Run For Gold
A possible upside target for GDXJ is the late 2012 high near the 90.00 range. In this bull run for gold, gold stocks should outperform gold itself, and silver stocks should outperform silver itself.
SPY: Three Drives To The Top
The pattern forming on SPY appears to be “’Three drives to Top”. Yesterday’s break to new highs came on much lighter volume and suggests a false breakout.
Stock Market Could Rally Through Year End
It’s a bullish longer term sign when the 5 and 10 day TRIN reach bullish levels in the same time. This evidence suggests the rally could last into year end if not longer.
VIX: Tomorrow Could Be An "Up" Day?
VIX which traded four days low is suggesting that tomorrow could be an up day. SPY volume expanded and that it's right in the middle of all the panic readings in the tick and trin. I take that as a bullish short term sign. 
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