"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: Long Nasdaq on 6/28 at 2111.84. Long SPX on 6/29 at 1272.87.
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:
The NYSE chart with McClellan Oscillator and Summation index are displayed below, courtesy of www.decisionpoint.com. When the Oscillator hits over +150 from an over sold area of -600 on the Summation index on the NYSE, it usually is initiation of an intermediate term rally phase. Notice that the Oscillator hit over +200 on Monday and implies a strong rally phase has begun. Support now comes in near the 1265 range on the SPX, which are its previous highs. The current rally phase could attempt to test the previous highs near the 1325 range. Long SPX on 6/29 at 1272.87
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 going back three years with its McClellan Oscillator and Summation index, www.decisionpont.com. Nasdaq has had a similar setup as the NYSE. The Nasdaq Summation index traded below -750 and has turned up and Oscillator has hit over +40 and implies the initiation of an intermediate term up move. The current rally phase should at least last two months if not longer. Therefore, we are expecting the current rally phase to last into late August if not longer. Support now comes in near the 2145 range. Covered Short position on Nasdaq for 8.4% gain on 6/12 and we are long on 6/28 at 2111.84.
"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 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 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 “Gold Miners” (GDX) chart is displayed below, courtesy of www.decisionpoint.com. If you remember on Monday’s report, we pointed out the bullish development in the “Cumulative Net Cash Flow” in that it is in an area where previous important lows have occurred. We think something similar will happen here and rally into the late September time frame. The “September” timeframe also is the strongest time frame of the year for a gold rally. On the Gold Miners chart below, notice that the current rally tested the previous highs of lat May and early June and did so on equal volume. Testing previous highs on equal volume suggest the bullish trend will continue. However, for near term it does not discount the possibility for a pull back. Support now comes in near the 36 range on Gold Miners. 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 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 +128 and overbought.
The “Percent Volume” Indicator closed .62 and overbought.
The "5 day ARMS" closed today at 5.10 and short term neutral.
Conclusion: Long Nasdaq on 6/28 at 2111.84. Long SPX on 6/29 at 1272.87
Longer Term Trend monitoring purposes: Short SPX On 3/21/06 at 1297.23.
About Tim Ord
