"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 its “Bullish Percent index” is displayed below, courtesy of www.decisionpoint.com. The “Bullish Percent Index” on the NYSE shows the percentage of “Point and Figure” chart buy signals for all stocks in the NYSE. In blue lettering on the chart below, you can see the two previous “Buy Signals” that where triggered buy the “BPI” bullish crossovers. The first “Buy Signal” came in May 2005 and the second came in Late October 2005 and both were accurate. Notice in the “red lettering” on the chart that the “BPI” has had anther bullish crossover and current has triggered a buy signal. “Price Momentum Oscillator” (PMO) also has generated a bullish signal. The SPX mirror the NYSE and if the NYSE rallies from here as expected then the SPX will follow. There is a good chance that the SPX may attempt to test the previous high near the 1325 range.
Bought GNBT at 1.74 on 7/10/06, biotech.
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. Bought ARIA at 3.89 on 7/27/06, Pharmaceutical.
To learn more on "Ord-Volume" visit www.ord-oracle.com.
Nasdaq Composite:
Below is displayed the Weekly Nasdaq chart with its “Price by Volume” overlay, www.stockcharts.com. The Nasdaq broke below the weekly low of 6/16 near the 2065 range on lighter volume during the week of 7/14 and implied a false break to the downside. A close above the weekly low of 6/16 (which was 2065) would trigger a bullish signal. The week of 7/28 the Nasdaq closed over 2065 and triggered a buy signal and this buy signal is still enforce. “Price by Volume” also shows there is good support near the 2050 range by showing big volume traded at that that level for an extended period of time. Our upside target is the 2200 range for the next potential sell signal. 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 “Capped gold index” with its “Price Relative to Gold” chart is displayed below, courtesy of www.decisionpoint.com . “Price Relative to Gold” has crossed over the “Red Trend Line” down from the early April high and has triggered a bullish intermediate term signal for the “Capped Gold index”. If the “Price Relative to Gold” stays over the “red down-trend” line into Friday’s close, we can concluded the rally phase is on a weekly bullish signal and of a bigger degree and could rally for months. Notice that the “Price Momentum Oscillator” (PMO) has turned back up and supports the bullish picture.
“Cumulative Net Cash Flow” on the “Rydex Precious Metals Fund” is also in a bullish area and supports the rally phase also. The month of September is most bullish month of the year in regard to Seasonality for Gold issues. We think the rally form the June low will continue into late September to early October. When we get to that time frame we will take a look at what may happen next.
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 +138 and overbought.
The “Percent Volume” Indicator closed .54 and in the neutral area.
The "5 day ARMS" closed today at 5.52 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.
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