"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 SPX chart with its “Cash Flow Ratio” is displayed below, courtesy of www.decisionpoint.com. The “Cash Flow Ratio” for the SPX is in an area where previous intermediate term lows have occurred going back to 2003. There is a “Four Year Cycle” low due in October of this year and we do expect the market to be lower then. However, the “Cash Flow Ratio” suggests the market should attempt to rally for near term to “unwind” the extremely bullish “Cash Flow Ratio”. The “Bullish Percent Index” for the SPX has had a bullish crossover and is still on a buy signal. There is a good chance that the SPX may attempt to test the previous high near the 1325 range. We are long the SPX at 1272.87.
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. The Weekly MACD is starting to bend up but has not had a bullish crossover. Next week is Option Expiration week which usually has a bullish bias. The market may chop around this week and rally into our target next week. Our upside target is the 2200 to 2250 ranges for the next potential sell area. 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:
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 “Rydex Precious Metals fund” with its “Cumulative Net Cash Flow” chart is displayed below, courtesy of www.decisionpoint.com . “Cumulative Net Cash Flow” is sort of a sentiment indicator. It measures cash going into and out of the “Rydex Precious Metals Fund”. When the public is not bullish on the “Rydex Precious Metals Fund”, Cash flow in the fund is at a very low level. When the public thinks the fund is going to the moon, the cash flow into the fund is very high. Notice on the “Cumulative Net Cash Flow” chart below, when “Cumulative Net Cash Flow” is near 175 range a bottom forms that lasted a couple of months or longer. When “CNCF” reaches 160 range (which shows even more “un-commitment” to the gold rally” a stronger and longer lasting rally is seen. The “CNCF” has been trading near the 160 range since mid June and this tells us that the public is very “Suspect” of any rally materializing here and to us a very bullish sign for near term. The bullish signal generated at the June low is still intact and the rally has further to go. Since “CNCF” as of yesterday’s close stood at 161.44, it would appear another rally phase if about to begin. We don’t have a chart showing the “Price Relative to Gold” for the “Capped Gold index” but it also is generating a bullish sign here. The Next Resistance zone for the XAU is the previous highs near the 170 range.
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 +5 and neutral.The “Percent Volume” Indicator closed .41 and in the neutral area. The "5 day ARMS" closed today at 6.01 and short term neutral.Conclusion: Long Nasdaq on 6/28 at 2111.84. Long SPX on 6/29 at 1272.87Longer Term Trend monitoring purposes: Short SPX On 3/21/06 at 1297.23.
