• Investing
  • Stock
Round Table Thoughts
  • Economy
  • Editor’s Pick
Home Stock The Ord Oracle April 11, 2023
Stock

The Ord Oracle April 11, 2023

by April 12, 2023
by April 12, 2023 0 comment
Share
0
FacebookTwitterPinterestWhatsapp

SPX Monitoring Purposes: Long SPX on 2/6/23 at 4110.98.

Monitoring Purposes GOLD: Long GDX on 10/9/20 at 40.78.

Long Term SPX Monitor Purposes: Neutral.

Above is a sentiment indicator, the 5-day average of the CBOE Equity put/ call ratio (bottom window). It’s fairly rare (near once a year) for the 5-day average of the CBOE equity put/call ratio to reach .80 and higher. We noted those times previously prior to 2022 with blue lines. Notice that when the 5-day average of the Equity put/call ratio reached above .80, the market was at an important low. It has reached .80 and higher numerous times since May of last year (noted in light pink). Previously, it only took one time for the 5-day average Equity Put/call ratio to reach >.80 for the market to bottom. We now have numerous times the ratio reached .80 going back to May of last year, which in turn could add fuel to the next rally. Food for thought; in pre-election years (this year) April is up 94% of the time. If January was up (it was up over 6%)m April is up 88% of the time.

We said yesterday, and it still holds true, that “The top window is the NYSE McClellan Oscillator. A ‘Selling Climax’ occurs when the Oscillator falls below minus 300 and a ‘Sign of Strength’ forms when the Oscillator rallies above +200 and, in turn, signals an intermediate term low. We have identified the times when the Oscillator reached -300 (red line) than rallied to +200 (blue line). Notice that we have had two instances of a ‘Selling Climax’ and ‘Sign of Strength’ over the last several months, which may give extra power to the this potential bottom process.”

We previously posted this chart, which is now updated to today’s trading. Above is the weekly GDX chart, along with the weekly Cumulative GDX Up Down volume percent (bottom window), and the next higher window is the weekly cumulative GDX Advance/Decline percent. This setup works well on the bigger timeframe. We put Bollinger Bands on both GDX indicators. When both indicators close above their mid Bollinger Band, a buy signal is triggered (noted with the blue line) and when both indicators close below their mid Bollinger Band, a sell signal is triggered (noted with red line). We noted the time between the signals in the middle window, and all lasted at least 1 ½ years. The current buy signal was triggered in March of this year, and adding 1 ½ years to the current signal will give a time for the next high in September 2024, but could be extended for many months as this is the least amount of time expected.

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
  • One Month of Positive Seasonality Remaining — OBV Says, “Maybe Not.”
  • Week Ahead: Markets Stare At Imminent Consolidation At Higher Levels; Avoid Mindless Chase of the Upmove
  • Sector Spotlight: Market Entering Period of Strong Seasonality
  • Market Breadth is Narrowing – Should You Be Worried?
Share
0
FacebookTwitterPinterestWhatsapp

previous post
Bonds Like to Move It: How to Forecast Market Volatility
next post
Bullish Compression in Consumer Staples

You may also like

Only One Pocket of Strength Left in US Stock Market

June 7, 2024

Tech Stocks Face BIG TIME Thrashing as Apple Disappoints

August 4, 2023

S&P 500 Turnaround: 3 Charts You Need To Watch

September 26, 2023

Energy Sector (XLE) Hits All-Time High, Should We Worry?

September 9, 2023

Market Trend Model Flashes Short-Term Bearish, What’s Next?

November 4, 2024

Week Ahead: NIFTY Face Imminent Consolidation; VIX Plunges to 2020...

April 30, 2023

Investors Await CPI and Bank Earnings: Will They Spark Investor...

January 15, 2025

Patience is Key: Waiting for the Pullback to Run its...

August 12, 2023

Applying Dow Theory to Today’s Market: Are We in a...

May 16, 2025

Recovery Rally In Stock Market Offers Hope: What You Need...

July 26, 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

    Personalized Options Trading Strategies: Discover High-Yield...

    April 29, 2025

    Why Now Might Be the Best...

    December 23, 2024

    Stock Market Starts December On A...

    December 2, 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