Tim Ord, Editor 16928 Van Dorn
Street Walton, Nebraska 68461
www.ord-oracle.com
(402) 486-0362
"Timer Digest" Tim Ord ranked #5 for 6 months ending 10/6/06 and #1 in
Gold for one year ending 1/13/06.
For 30 to 90 days horizons: Flat
Monitoring purposes XAU: Flat XAU.
Longer Term Trend monitoring purposes: Flat.
We have "800" phone update that cost $2.00 a min. and billed to a credit
card. Call (1-970-224-3981) for sign up. We update Eastern time at 9:45; 3:15
and 4:00. Question? Call me (402) 486-0362.
New Book release called "Master Traders" with Tim Ord on "The Secret Science
Of Price and volume. We will autograph the book in the wording you chose if
bought through The Ord Oracle. Our price $50 total including shipping.
The S&P 500 (SPY)
Last Wednesday we said, “Back in April the S&P jumped above the previous
highs of February with a “Sign of Strength” and implies a bullish breakout to
the upside. The previous highs near 146 should act as support on any pull back
for near term. A Bearish candlestick pattern called a “Shooting Star” appeared
on 5/9. Most “Shooting Stars” highs are re-tested. If the bearish “Shooting
Star” is tested on lighter volume and than closes below the “Shooting Star” high
a short term bearish signal would be generated.” Well the “Shooting Star” high
was tested but tested on higher volume and therefore did not generate a bearish
signal. However, read below about the QQQQ which suggest a pull back is about
to occur in that index. Not sure what will happen here for the S&P. The S&P is
extended here but that does not translate into a signal.
Next chart is from (www.sentimenTrader.com
). This chart shows at what levels of shorts in the market can produce a low or
high. Right now its at a level where tops can occur. However, this chart of
the NYSE Public shorts Ratio does a much better job of picking out lows than
highs. We have labeled the extremes to show where bottoms occur and where tops
occur. Its at a level where longs should be cautions. Flat the SPX for now.
Nasdaq 100 (QQQQ) market:
In April the QQQQ jumped above the previous highs of February and now the
previous high of 45.5 range should at as support on any pull back. The sideways
trading range that has developed over the last several weeks (on Ord-Volume
chart above) shows that the down legs had more energy than the up legs and
suggest the breakout today above the recent highs on the QQQQ may fail. If a
market can’t hold the highs than what usually happens in the market makes an
attempt to take out the recent lows. The recent lows on the QQQQ come in near
the 46 level which equates to 1870 range on the Nasdaq 100. The Month of May,
Seasonality wise is usually weak month. We will wait and see how the 1860
range is tested on the Nasdaq 100 before we make any judgment calls. Flat for
now.
Bought Ivan (Invanhoe Energy) 4/13/06 at 2.55,Energy stock. Could go to Gap
area (November 2003) near 5.40. On 4/2, we Bought ASTM at 1.92, Biotech group.
Bought GNBT at 1.74 on 7/10/06, sold on 10/17 at 2.15 for 24% gain. biotech.
Bought ARIA at 3.89 on 7/27/06, Pharmaceutical, sold 9/29/06 at 4.51 for 16%
gain.
Gold Market:
Below is CMX Gold with the COT (Commitment of Traders) chart dating back several
years. When the Commercials reach -750 range or lower a worthwhile bottoms from
in gold. As of the last reported dated 5/18 the Commercials are near -1500
level and far short of where they need to be for a worthwhile bottom to form in
gold. Normally when the Commercials are net long and the Small Speculator is
net short is when big price advances start in the gold market. The chart below
implies we are not there yet and more time is needed to get the Commercials and
Small Spec’s inline for a bottom. We remain neutral on XAU and a pull back to
130 is expected in the days or weeks to come. However, indicators are
approaching the bullish levels on the bigger timeframes. We will be watching the
130 range on the XAU for a possible bottom area. The next impulse rally may
take the XAU to 250 range.
"Timer Digest" has ranked Tim Ord as the #1 gold timer for one year ending
1/13/06.
We bought PMU (5/27/05) at .50 and bring our average price to .81. Long TRE at
2.55 on 11/1/05, sold at 3.39 on 12/3/05 for 33% gain. Long NG at 8.47 on
11/2/05. Sold NG on 11/30 at 9.20 for gain of 9%. Long DROOY at 1.27 on
11/9/05, Sold 1/19/06 at 1.89 for 49% gain. Long AGT at .33 on 2/1/06, Sold at
.66 on 4/21/06 for 100% gain. We bought TGB at 1.84 on 3/27, Sold on 8/10 at
2.34 for 27% gain.
We doubled our positions in BGO on (7/30/04) at 2.34 and we now have an
average price at 2.70. Long NXG average of 2.26. We bought PMU (5/27/05) at .50
and bring our average price to .81. Bought RNO on 9/11/06 at 2.15. Sold 9/12
at 2.18 for 2.3% gain. For examples in how "Ord-Volume" works, visit
www.ord-oracle.com.
email: tim@ord-oracle.com
visit my website at www.marketweb.com/ord
Tim Ord, The Ord Oracle
17300 Van Dorn Street
Walton, NE 68461
(402) 486- 0362
OEX Market Recommendations
1-900-933-6733
$2.25 a min.; 1-4 min.; 18 yrs. or older
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