• Investing
  • Stock
Round Table Thoughts
  • Economy
  • Editor’s Pick
Home Stock The Ord Oracle January 17, 2023
Stock

The Ord Oracle January 17, 2023

by January 18, 2023
by January 18, 2023 0 comment
Share
0
FacebookTwitterPinterestWhatsapp

SPX Monitoring Purposes: Long SPX on 12/20/22 at 3821.62.

Long Term SPX Monitor Purposes: Neutral.

The week of the December 12 high had high volume (noted with blue arrow), and most high volume highs are tested. If the December 12 high is tested on 10% less volume, that will suggest resistance; if tested on higher volume, that will imply the market will move past the December 12 high. The SPY has only retraced 50% of the move up from the October low, which suggests the week of December 12 may be exceeded and go to the next higher high, the August high. The QQQ is now up seven days in a row as of today; not a lot of past examples of this, but the QQQ was higher 100% of the time within 5 days, with a 1% average move higher. If the QQQ moves higher, so will the SPY.

Bullish intermediate term rallies form when the NYSE McClellan Summation index falls below -700 and then rallies to +1000. The Summation index reached below -1000 in early October, and now we are looking for a +1000 to confirm an intermediate-term low. The NYSE Summation index closed Friday at +385 and now is only +615 points shy of the +1000 level; it looks promising that that level may be reached soon. The bottom window is the NYSE McClellan Oscillator. We circled in red the times when the Oscillator reached a cluster of +300. The current cluster of +300 readings is the largest bunch, circled in red, which suggests a high degree of accumulation.

Tim Ord,

Editor

www.ord-oracle.com. Book release “The Secret Science of Price and Volume” by Timothy Ord, buy at www.Amazon.com.

Signals are provided as general information only and are not investment recommendations. You are responsible for your own investment decisions. Past performance does not guarantee future performance. Opinions are based on historical research and data believed reliable; there is no guarantee results will be profitable. Not responsible for errors or omissions. I may invest in the vehicles mentioned above.

You Might Also Like
  • The Top Candlestick Pattern For Entries
  • Find the Strongest Price Charts with the StochClose Rank
  • Can the S&P 500 Rally Without Tech?
  • My Favorite RSI Signal
Share
0
FacebookTwitterPinterestWhatsapp

previous post
Hawaii to make universal preschool available for children ages 3 to 4 within 10 years
next post
John Kerry says climate threat calls for wartime urgency: ‘Turn factories into solar panel producers’

You may also like

The SCTR Report: Insmed’s Stock Hangs in the Balance—Here’s What...

September 12, 2024

How to Use Relative Strength in a Volatile Market

May 14, 2025

Trend Signals and Trailing Stop Examples using XLF and SOXX

March 11, 2023

Some Classical Technical Developments Shaping Up As Volatile Markets Gets...

January 29, 2023

THIS is the BEST Market Sector Right Now!

January 8, 2025

FORGET Valuations, REMEMBER the Charts!

September 6, 2023

The Ord Oracle: October 18, 2023

October 18, 2023

Power Charting TV: What Lies Ahead? Will Early 2024 Strength...

February 18, 2024

The Best Five Sectors, #14

April 6, 2025

Top Ten Charts for August: Two Magnificent 7 Stocks Worth...

August 19, 2024

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Breakouts, Momentum & Moving Averages: 10 Must-See Stock Charts Right Now

      May 31, 2025
    • Leadership Rotation Could Confirm Corrective Phase

      May 30, 2025
    • Run Your Stock Portfolio Like a Pro Sports Team

      May 30, 2025
    • U.S. foreign tax bill sends jitters across Wall Street

      May 30, 2025
    • Amazon taps Xbox co-founder to lead new team developing ‘breakthrough’ consumer products

      May 30, 2025

    Popular Posts

    • 1

      Trump-era China sanctions ended by Biden may be...

      June 27, 2024 2,765 views
    • 2

      Walz’s honeymoon with China gets fresh scrutiny as...

      August 9, 2024 2,472 views
    • 3

      Biden appointee played key role in recruiting Chinese...

      June 25, 2024 2,451 views
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful...

      July 10, 2024 2,432 views
    • 5

      Harris VP pick spent years promoting research facility...

      August 29, 2024 2,308 views

    Categories

    • Economy (7,009)
    • Editor's Pick (2,106)
    • Investing (538)
    • Stock (2,581)

    Popular Posts

    • 1

      Trump-era China sanctions ended by Biden may be revived under new House GOP bill

      June 27, 2024
    • 2

      Walz’s honeymoon with China gets fresh scrutiny as Harris camp blasts ‘lying’ critics

      August 9, 2024
    • 3

      Biden appointee played key role in recruiting Chinese businesses to Delaware: ‘Longtime friends’

      June 25, 2024
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful of Chinese spy threats

      July 10, 2024
    • 5

      Harris VP pick spent years promoting research facility that collaborated with ‘Chinese military company’

      August 29, 2024

    Latest News

    • Breakouts, Momentum & Moving Averages: 10 Must-See Stock Charts Right...

      May 31, 2025
    • Leadership Rotation Could Confirm Corrective Phase

      May 30, 2025
    • Run Your Stock Portfolio Like a Pro Sports Team

      May 30, 2025

    Categories

    • Economy (7,009)
    • Editor's Pick (2,106)
    • Investing (538)
    • Stock (2,581)

    Disclaimer: RoundTableThoughts.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 RoundTableThoughts.com. All Rights Reserved.

    Round Table Thoughts
    • Investing
    • Stock
    Round Table Thoughts
    • Economy
    • Editor’s Pick

    Read alsox

    How the Market is Shaping Up...

    August 25, 2023

    3 Essential Lessons We Investors Can...

    June 28, 2024

    Where Are We? Can We Say...

    May 14, 2023
    Sign In

    Keep me signed in until I sign out

    Forgot your password?

    Password Recovery

    A new password will be emailed to you.

    Have received a new password? Login here