Home Stock The Ord Oracle June 19, 2023 | High Advisors Nook

The Ord Oracle June 19, 2023 | High Advisors Nook

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The Ord Oracle June 19, 2023 | High Advisors Nook

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SPX Monitoring Functions: Lengthy SPX 6/21/23 at 4365.69.

Lengthy SPX on 2/6/23 at 4110.98: Bought 6/16/23 at 4409.59 = achieve of seven.26%.

Monitoring Functions GOLD:  Lengthy GDX on 10/9/20 at 40.78.

We up to date this chart from yesterday, after we mentioned, “The second window up from the underside is the weekly SPX/VIX ratio. A bearish divergence develops when the weekly SPX makes the next excessive and the weekly SPX/VIX ratio makes a decrease excessive (famous in shaded pink). At the moment, the weekly SPX has made the next excessive together with the weekly SPX/VIX ratio, suggesting bullish divergence for the SPX. The underside window is the VIX, and readings under 17 recommend the market is in a trending mode; at present’s studying stands at 13.51 and stays bullish. Development seems up for now.” At the moment’s VIX studying got here in at +13.46. We’re exhibiting this chart once more as a result of the chart is related to what’s going on available in the market. Indicators of a excessive are close to when SPX makes the next excessive and SPX/VIX ratio makes a decrease excessive, and thus far that has not occurred.

If a bearish divergence goes to indicate up, the chart above might first to show it. Up to now, no important divergence is current, suggesting the SPX rally can proceed.  We up to date this chart from yesterday, after we mentioned, “The center window is the day by day VVIX/VIX ratio with a 2-period transferring common. VVIX responds sooner to market motion than the VIX, and this ratio can responder sooner when a market excessive nearing. Up to now, the SPX has made increased highs together with the VVIX/VIX ratio and, in flip, leans bullish. Final Friday, the TRIN closed at 1.46 and the TICK closed at -629, which is a bullish mixture and suggests the market has panic in it to drive the SPX increased short-term.”

Above is a short-term view of what to anticipate for GDX. The underside window is the GDX 18-day common of the Advance/Decline p.c, and the following increased window is the GDX 18-day common of the up down quantity p.c. When each indicators are above -10 (famous in gentle blue), a rally in GDX is in progress. So long as each indicators stay above -10, the rally in GDX ought to proceed. I am on TFNN.com Tuesdays 3:30 and Thursdays at 3:20 Jap Time, tune in.

Tim Ord,

Editor

www.ord-oracle.com. E-book launch “The Secret Science of Worth and Quantity” by Timothy Ord, purchase at www.Amazon.com.


Alerts are supplied as normal data solely and should not funding suggestions. You’re answerable for your personal funding selections. Previous efficiency doesn’t assure future efficiency. Opinions are based mostly on historic analysis and information believed dependable; there is no such thing as a assure outcomes might be worthwhile. Not answerable for errors or omissions. I could put money into the automobiles talked about above.

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