12/06/23

The All New Market Analysis

Tim Ord, Editor 16928 Van Dorn Street Walton, Nebraska 68461
www.ord-oracle.com (402) 413-0980. tim@ord-oracle.com

SPX Monitoring purposes; Sold 11/29/23 at 4550.58 = gain 10.52%; Long SPX 10/27/23 at 4117.37.
Gain since 12/20/22= 26.8%.
Monitoring purposes GOLD: Long GDX on 10/9/20 at 40.78.
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The bottom window is the 21 day average of the CBOE equity Put/call ratio. Twenty one days represent a whole
month of trading so the 21 day average carries more importance than the 5 day average (next window higher). The
21 day average of the equity put/call stands at .74; readings of .75 and higher have formed near intermediate term
lows in the market (noted on chart with red lines and pink shaded area)(.74 is close enough). This reading suggests
if there is a pull back in the market it should be minor. We sold our long SPX on close of 11/29/23 at 4550.58 =
gain of 10.52%. Long from SPX 10/27/23 at 4117.37. Join me on TFNN.com Tuesday 3:30 Eastern; Thursday
3:20 Eastern, Tune in.

1 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. Copyright 1996-2023. To unsubscribe email to tim@ord-oracle.com.
 12/06/23

Yesterday we said, “The bottom window is the SPY and next higher window is the TLT/VVIX ratio. In
mid October the SPY was making lower lows and the TLT/VVIX ratio was making higher lows and a
bullish divergence (noted in light blue): October 27 marked the low. Currently we have the SPY hitting a
higher highs and the TLT/VVIX ratio making lower highs and a bearish divergence. This negative
divergence can last several days if not a week or two. There is evidence over the next couple of weeks a
pull back in the SPX (SPY) may materialize. We pointed out on page one that Friday’s volume on the
SPY was relative high and most high volume highs are tested which could be a short term target for the
next high. A large gap formed on the SPY near the 440 range and most large gaps get filled at some point.
The 440 on the SPY represent a 38.2% retracement and a possible downside target. Bigger trend is up and
the shorter term trend is sideways to down.” Yesterday’s divergence went away as the TLT/VVIX ratio
traded to a new short term high (noted in light blue). Next week is the fourth weakest week of the year, so
upside may be limited. Not a clear signal here and will staying neutral. Join us at @OrdOracle
2 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. Copyright 1996-2023. To unsubscribe email to tim@ord-oracle.com.
 12/06/23

Yesterday we showed the weekly Inflation/deflation ratio buy signal. Above is the daily Bullish percent
index for the Gold Miners index/GDX ratio buy signal. The buy signal develops when the RSI of this
ratio fall below 30 and than turns up (noted with blue lines). A buy signal was triggered on 8/23/23 and
again on 10/4/23. Normally a buy signal is triggered once for a bottom but a double buy signal was also
triggered in July 2022 and again in September 2022 (circled in red). We have a couple of monthly buy
signals triggered on August 2022 suggests that was a longer term low (we will show those signals in
coming reports). Momentum appears to be turning up on the larger timeframes. Book release "The Secret
Science of Price and Volume" by Timothy Ord, buy www.Amazon.com.

3 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. Copyright 1996-2023. To unsubscribe email to tim@ord-oracle.com.