The Ord Oracle September 26, 2023
SPX Monitoring Purposes: Short SPX on 9/1/23 at 4515.77; cover short 9/5/23 at 4496.83 = gain .43%. Gain since 12/20/22: 15.93%.
Market Begs: Tell Us Something Good!
We compiled a list of the 10 biggest uncertainties in the stock market right now. In no particular order: China-trade
Energy Sector Roulette: Bullish Signals, Sluggish Projections
The Energy sector has the highest percentage of analyst buy ratings (around 64%) of all S&P sectors in the US
Finding the Leaders after a Sharp Decline –
Stocks fell sharply in September with the S&P 500 SPDR (SPY) breaking below its August low. Chartists can now use
S&P 500 Turnaround: 3 Charts You Need To
Last week wasn’t the most optimistic on Wall Street. Even though the US economy is growing, Federal Reserve Chairman Jerome
Lights Out for Stocks and Bonds? Not So
The stock market suddenly has the look of a wounded prize fighter. And the bond market is bordering on being
I Say We’re Setting Up For A Major
It’s almost impossible to call market tops and market bottoms using basic technical analysis tools like price and volume. Don’t
Week Ahead: NIFTY Forms A Potential Top; Low
In the previous technical note, it was mentioned that the markets are prone to some consolidation and corrective retracements due
Volatility Taunting Fresh Equity Buyers
This week I appeared with David Keller on Stockcharts Final Bar. We discussed how the market is at a precipice.
S&P 500 Head and Shoulders Top Confirmed
There’s no denying that we’ve seen signs of distribution, from key stocks like AAPL and TSLA breaking down to breadth