Tim Ord | TalkMarkets | Page 2
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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Option Expiration Week
This week is option expiration week which normally has a bullish bias and a bounce is possible. 
Gold Miners And SPY - Go Long
SPY has an open gap near 454 range which is near the highs of August 2 and 4, and both of those highs had relative high volume and imply heavy resistance. This condition would suggest the high of July 27 near 460 will not be tested.
Weekly SPX/VIX Ratio
A bearish divergence develops when the weekly SPX makes a higher high and the weekly SPX/VIX ratio makes a lower high.
Market May Be Near A High
The SPX weekly has a minor retracement and the SPX/VIX ratio has a large retracement. This doesn’t happen all the time but when it does is a good warning that the market may be near a high.
An Extended Rally
GDX appears to be building a very large base that could produce an extended rally.
Upward Trend Remains Intact
Most likely volume will drop as Friday approaches heading into Memorial Day weekend and markets closed Monday.
“Surge Pattern”
GDX enters into what we call a “Surge pattern” where GDX strongly rallies, and the rally last from 3 to 6 months (mostly in the 4 to 5 months).
SPX/VIX Ratio
Recently the 5-period average of the SPX/VIX ratio has made a new short-term high suggesting that SPX is soon to make a new short-term high.
"Sign Of Strength"
Don’t believe an extended decline is beginning. March 31 jumped above the previous high of March 6 with a “Sign of Strength”, which suggests a valid break to the upside.
Slow Stochastic Oscillator
The monthly Slow Stochastic Oscillator which turned up first last November suggests an uptrend started back then.
“Rate Of Change”
To measure the degree of fear in the VVIX compared to other times, we used the “Rate of Change” (ROC), and RSI on the VVIX.
A Lot Of Panic
Panic comes at lows in the market and panic trin readings dating back to May, suggest are large support area is forming.
Weekly XAU/Gold Ratio
Intermediate-term lows in the XAU are found when the weekly RSI for the weekly XAU/Gold ratio falls below 30 and then turn up.
Nasdaq McClellan Oscillator
Bullish short-term signs are triggered when the Oscillator falls below -300 (capitulation) and then rallies above +300 (Sign of Strength) within 30 days.
Panic Is Present - Tuesday, Jan. 24
Market bottoms form on panic and the TRIN is one way to identify panic is present. One day trin readings above 1.30 suggest panic is present in the market.
A High Degree Of Accumulation
A few times the Oscillator reached a cluster of +300. The current cluster of +300 readings is the largest bunch, which suggests a high degree of accumulation.
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