- SPX Monitoring purposes; Long SPX on 10/22/18 at 2755.88.
- Monitoring purposes Gold: sold 11/27/18 at 18.88=gain .075%; Long VanEck Vectors Gold Miners (NYSE:GDX) at 18.72 on 8/17/18
- Long-term Trend SPX monitor purposes; Long SPX on 10-19-18 at 2767.78
Above is “the American Association of Individual investors” (AAII) bull bear ratio. Readings below .75 have marked intermediate term lows going back 17 years. The current ratio is .49. The AAII bull bear ratio below .75 in 2008 didn’t seem to matter. Follow us on twitter. @OrdOracle
It has been a bullish sign for the market short term when the Trin closed >1.40 and the Ticks (with in a day) closed
The Gold Commercials jumped to 93K short and on the high side and a bearish short term sign. The GDX weekly is running into the trend line connecting the lows going back to early 2017 and a stuff resistance level. Some of the money in the general stock market may find its way into other markets such as the gold market. Notice that the general market has been declining since September and gold market (GDX) have been rallying. GDX has reached a weekly Trend line resistance along with the Gold Commercials reaching a high level of shorts suggests further gains may be giving back short term. The next intermediate up-move may begin early 2019. Idea time for a gold and gold stock bottom is January 22, 2019. Not sure if the pull back will test the September low but it could. We will wait for the next bullish setup. New Book release "The Secret Science of Price and Volume" by Timothy Ord.