Tim Ord | TalkMarkets | Page 1
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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Bigger Trend Remains Up
Today the VIX​​​​​​​ closed above its upper Bollinger band and the SPY closed below its lower Bollinger band showing short-term exhaustion.
SPY Could Pull Back
Short-term pullback can occur when the daily SPY closes above its upper Bollinger band.
All About The S&P
February trading range closed 50% above the upper Bollinger band suggests next month trading (March) may see a consolidation. The monthly SPX/VIX ratio has made a lower high while the SPX has made a higher high and in turn is a bearish divergence.
S&P 500 Remains Bullish
This week is option expiration week which has a bullish bias and is also the eighth strongest week of the year according to seasonality.
More Base Building Before The Strongest Rally Phase Begins?
Next week is option expiration week which has a bullish bias and is also the eighth strongest week of the year according to Seasonality.
"Selling Climaxes"
Last Wednesday’s decline produced a “Selling Climax” (volume 100% higher compared to previous days). “Selling Climaxes” usually stops the decline as volume reaches exhaustion levels.
Market Moods And The S&P 500
Last Thursday we said, “Panic only forms at bottoms in the market, no panic no bottom.
Bullish Sign
Last Thursday a high volume day was recorded and most high volume days are tested and if tested on lighter volume would be a bullish sign.
GDX: More Room To The Upside
Seasonality is bullish starting in mid-December and running to mid-January. Evidence suggests there is more room to the upside for GDX over the next couple of weeks.
"SPX/VIX Ratio"
The monthly SPX/VIX has made a higher high above the July high and also above the January 2023 high suggesting at some point the SPX will trade above the July high and the January 2023.
Multi Year Signal For GDX
There is a very good likelihood of a multi year signal triggered for the gold miners in the coming months.
Consolidation Week
There could be a consolidation this week but next week (Thanksgiving week) seasonality leans bullish.
Buy Signals For Gold Miners ETF
It is worth noting is that market is near the 420 SPY support. We do have bullish signs but no bullish trigger. Staying neutral for now.
“Zweig Breadth Thrust”
A “Zweig Breadth Thrust” occurs when this indicator drops below .40 and then rallies to .60 within 10 days.
Option Expiration Week - Tuesday, Sept. 12
The market could stall near current levels. Options expiration week leans bullish which is this week.
New Short-Term Lows
New short-term lows may be seen in the coming days. Will need the 5 and 10-day TRIN readings to reach bullish levels before a bullish setup will be triggered.
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