• Investing
  • Stock
Round Table Thoughts
  • Economy
  • Editor’s Pick
Home Stock The Ord Oracle October 3, 2023
Stock

The Ord Oracle October 3, 2023

by October 4, 2023
by October 4, 2023 0 comment
Share
0
FacebookTwitterPinterestWhatsapp

SPX Monitoring Purposes: Long SPX 9/28/23 at 4299.70.

Gain since 12/20/22: 15.93%.

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

Above is the monthly SPX. The pattern that appears to be forming is a head-and-shoulders bottom. Support lies near the 4200 range, which is being tested. The “Right Shoulder” appears to be in the making and, once completed, another rally may start that leads to new highs. The SPX was up 5 months in a row going into July, which in the past has not marked the final high. At a minimum, after a 5-month rally, the market will see at least one new higher high (momentum rules). Long SPX 9/28/23 at 4299.70.

The bottom window is the NYSE Advancing Issues/NYSE Total Issues with a 10-period average.  A “Zweig Breadth Thrust” occurs when this indicator drops below .40 than rallies to .60 within 10 days. We pointed out the previous “Zweig Breadth Thrust” in the past. The current reading on this indicator stands at .35, and we would like to see a thrust to .60 in the next 10 days, as this condition would trigger a “Zweig Breadth Thrust” and a bullish sign for a rally into year-end. Previous examples of readings below .40 on chart above have led to short-term lows in the past. Also notice that SPX is near the 4200 support area. SPX appears to be near a low.

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
  • A Broad Market Bounceback or Bear Rally?
  • Four Charts to Track a Potential Market Top
  • The Stock Market’s Simmering Rally: Indexes Keep Setting New Highs
  • GREAT News: This Bull Market is Expanding!
Share
0
FacebookTwitterPinterestWhatsapp

previous post
Latest fundraising report could be death knell for 2024 GOP presidential long shots
next post
Year Yield Spike Doesn’t Mean Stock Market Will Plummet; You Need to See This Powerful Chart

You may also like

AAPL and TSLA Stocks Are COLLAPSING!

March 7, 2024

Isolating Indicators to Bring Focus & Clarity to Your Charting

March 10, 2023

Watch For These Seasonality Patterns in 2025

February 4, 2025

MEM TV: Check Out These Bright Spots in a Weak...

August 12, 2023

BEWARE! META, TSLA, AMZN, MSFT & AAPL Report Earnings Next...

January 25, 2025

Financials Primed to Beat Tech in December!

December 2, 2024

These Sectors are Showing Strength as S&P 500 Soars!

May 21, 2024

Trading the Swing within the Pattern: IGV Example

October 10, 2023

Will Shutterstock Buck the Bear Trend?

February 8, 2023

Four Prerequisites to Improve Your Odds – A Live Example

November 22, 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

    • Krispy Kreme stock plunges after doughnut chain pauses McDonald’s rollout, pulls outlook

      May 8, 2025
    • Don’t Buy Robinhood Stock… Until You See This Chart Setup

      May 8, 2025
    • UnitedHealthcare sued by shareholders over reaction to CEO’s killing

      May 8, 2025
    • The Unpredictable Stock Market: How to Make Sense of It

      May 8, 2025
    • AMD CEO calls China a ‘large opportunity’ and warns against strict U.S. chip controls

      May 7, 2025

    Popular Posts

    • 1

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

      June 27, 2024 2,631 views
    • 2

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

      August 9, 2024 2,339 views
    • 3

      Biden appointee played key role in recruiting Chinese...

      June 25, 2024 2,320 views
    • 4

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

      July 10, 2024 2,302 views
    • 5

      Harris VP pick spent years promoting research facility...

      August 29, 2024 2,186 views

    Categories

    • Economy (7,009)
    • Editor's Pick (2,066)
    • Investing (538)
    • Stock (2,530)

    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

    • Krispy Kreme stock plunges after doughnut chain pauses McDonald’s rollout,...

      May 8, 2025
    • Don’t Buy Robinhood Stock… Until You See This Chart Setup

      May 8, 2025
    • UnitedHealthcare sued by shareholders over reaction to CEO’s killing

      May 8, 2025

    Categories

    • Economy (7,009)
    • Editor's Pick (2,066)
    • Investing (538)
    • Stock (2,530)

    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

    Semiconductors Making Big Breakout

    March 16, 2023

    Crude Oil Disagreeing with the Canadian...

    September 29, 2023

    Market Holds Up Well as Money...

    May 6, 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