"Timer Digest" has Tim Ord ranked #5 for one year ending 6/3/05 and #1 in Gold for one year ending 1/13/06.
For 30 to 90 days horizon: Flat.
Monitoring purposes XAU: Long XAU, 129.56 on 12/29/05.
Longer Term Trend monitoring purposes: Short SPX On 3/21/06 at 1297.23.
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What to expect now:
We are having problems with our internet provider and this problem may not be resolved until this weekend and there is an outside chance the problem could persist until next weekend. So bare with us if you please. We are unable to get to www.decisionpoint.com to download the chart we want to display. We can get to www.stockcharts.com and are the ones that will be displayed for the several day. We are still bearish on the bigger timeframes and think the market will work lower into the October lows which is when the “Four year cycle low is due”. We were looking for the gap on the June Futures at the 1235 range to be tested before a short term buy signal is triggered. However the S&P June Futures has not tested the gap level at the 1235 range and therefore, no short term bullish signal has been triggered. If the SPX decides to go up from here the market should find resistance at the previous high near the 1290 range. If the 1290 range is tested on lighter volume, we may end up with a sell short signal. July 4 time frame has a good history of finding short term turning point in the market. If the S&P rally into this time frame, a bearish signal is usually the outcome. If the S&P decline into this time frame the outcome is usually bullish one. Either the S&P rally into the July 4 time frame at the 1290 range, and a sell signal is triggered or a decline down to 1235 range into the July 4 time frame and a bullish signal is triggered. 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. We Bought ASTM at 1.92 on April 3. Biotech group.
To learn more on "Ord-Volume" visit www.ord-oracle.com.
Nasdaq Composite:
Below is displayed the Nasdaq daily chart, www.stockcharts.com. We were looking for the gap at the 2090 range to be tested before a short term buy signal is triggered. The Nasdaq did not quite get there to trigger the bullish signal. The MACD has had a bullish crossover and may imply the Nasdaq may rally from here. Resistance lies at the 2225 range, which is where the 50 and 200 DMA lies and also the previous high of June 2, all of which are resistance zones. July 4 may be a turning point in time for the market and if the current rally continues into that timeframe, we may end up with a sell signal near the 2225 range. Today’s rally was on last luster volume and not the volume bull markets are made of. Covered Short position on Nasdaq for 8.4% gain on 6/12.
"Timer Digest" has ranked Tim Ord as the #1 gold for one year ending 1/13/06.
Gold Market:
Long BGO (4/19/05) at 2.37. This trade is separate from our long-term position in BGO. We bought EGO (gold Issue) at 2.23 (5/26/05). Sold 10/20 at 2.92 for 31% gain. 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 at 9.20 on 11/30/05 gain of 9%. Long DROOY at 1.27 on 11/9/05, sold at 1.89 on 1/19/06 for 49% gain. Bought AGT at .33 on 2/1/06, sold at .66 for 100% gain. Long TRE at 6.84 on 3/6/06. Bought GRZ at 6.30 on 5/19/06.
The “Cumulative Next Cash Flow”, has been in an area where previous lows have occurred and a bullish signal. The XAU chart displayed below is courtesy of www.stockcharts.com. There is a positive divergence between the MACD histogram and the XAU. Also the MACD Oscillator has had a bullish crossover and triggered a bullish signal. There is a gap on the XAU near the 155 range and most gaps are tested and once tested, turn into resistance. The current potential low may bounce to the 155 range and find resistance. We will see how that resistance is tested to determine the next phase of the market. However, if volume is light as the 155 range is tested, than that would imply another pull back would be forthcoming. The larger trend is still up and now starting to see 250 range on the XAU as a longer term target.
We are watching VGZ (gold Issues) for possible buy on any pullback to support. We bought TGB at 1.84 on 3/27 by intraday email report. We bought TRE on 3/6 at 6.84 by intraday email report. We double our positions in BGO on (7/30/04) at 2.34 and we now have an average price at 2.70. Long CBJ for an average of price of 2.75- sold 4/10/06 at 3.72 for 35% gain. Long NXG average of 2.26. We bought PMU (5/27/05) at .50 and bring our average price to .81.
The McClellan Oscillator closed today at -9 and neutral.
The “Percent Volume” Indicator closed .58 and neutral.
The "5 day ARMS" closed today at 4.6 and short term neutral.
Conclusion: Covered Short SPX on 1/8/06 for .3% gain, Covered short Nasdaq on 6/12/06 for 8.4% gain.
Longer Term Trend monitoring purposes: Short SPX On 3/21/06 at 1297.23.
