• Investing
  • Stock
Round Table Thoughts
  • Economy
  • Editor’s Pick
Home Stock The Ord Oracle April 25, 2023
Stock

The Ord Oracle April 25, 2023

by April 26, 2023
by April 26, 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.

Don’t believe an extended decline is beginning here. March 31 jumped above the previous high of March 6 with a “Sign of Strength” (noted with red arrows), which suggests a valid break to the upside and now the previous high (March 6 high near 405 SPY) should act as support (light-shaded pink area is support). The SPY is near the support now. Our thinking is that, as April is up 94% of the time in pre-election years, the support near 405 SPY will hold and the market will again try to rally. (Food for thought; In pre-election years like this year, if January was up–and it was up over 6% in 2023–then April is up 88% of the time.)

The bottom window is the VIX, which touched a new short-term low yesterday. Worthwhile tops in the SPX usually don’t form when the VIX touches to a new short term low. What can be troubling for the market is when the SPX trades at higher highs and the VIX trades at higher lows (circled in red on bottom window) where worthwhile tops can form. Page one suggests SPY is near support near the 405 level. If the market does rally from support and trades to new short-term high while VIX fails to trade to new short term low, we will see a negative divergence. If the market rallies to new short-term highs while VIX trades to new short-term lows, there will be a positive divergence.

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
  • Three Breadth Indicators to Confirm a Bullish Market Trend
  • Beware of Shorts in EXTREME Cycle Lows For The Market
  • The Halftime Show: Crude Oil Back in the “White House Buy Zone”
  • Look Out Below! The Bear Case For Apple
Share
0
FacebookTwitterPinterestWhatsapp

previous post
Schwab: Surviving a Banking Bloodbath with a Smile and Swagger
next post
The Wisdom of Jesse Livermore, Part 2

You may also like

How to Buy WINNERS When They Pull Back!

December 14, 2024

Watch Four Horrible Charts In The Dow Jones Industrials Index.

August 25, 2023

DP Trading Room: What’s Up With Semiconductors?

May 20, 2024

The S&P 500 Showing More Bullish Signals, Watch This Key...

January 22, 2023

Bullish Holiday Seasonality Promises More Gains; Three Value Sectors to...

November 20, 2023

Industrial Metals Outperforming the S&P 500

March 2, 2023

Bank Earnings Up — Time to Look at Regional Banks...

January 8, 2024

Finding Emerging Leaders within Key Groups

June 15, 2024

Six-Month Period of UNfavorable Seasonality Begins Next Week

April 28, 2023

Key Support Levels Broken, BUT Breadth is Bullish!

March 14, 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

    • Week Ahead: NIFTY Stays In A Defined Range; Moving Past This Level Crucial For Resumption Of Upmove

      May 31, 2025
    • 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

    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 2,309 views

    Categories

    • Economy (7,009)
    • Editor's Pick (2,106)
    • Investing (538)
    • Stock (2,582)

    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

    • Week Ahead: NIFTY Stays In A Defined Range; Moving Past...

      May 31, 2025
    • Breakouts, Momentum & Moving Averages: 10 Must-See Stock Charts Right...

      May 31, 2025
    • Leadership Rotation Could Confirm Corrective Phase

      May 30, 2025

    Categories

    • Economy (7,009)
    • Editor's Pick (2,106)
    • Investing (538)
    • Stock (2,582)

    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

    The Second Half Equities Super Bowl

    July 1, 2023

    Technical and Fundamental Analysis on Lithium

    May 17, 2023

    Always Be Learning: Exiting Too Soon...

    January 27, 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