The Ord Oracle May 30, 2023

SPX Monitoring Purposes: Long SPX on 2/6/23 at 4110.98. Monitoring Purposes GOLD: Long GDX on 10/9/20 at 40.78. Long Term SPX Monitor Purposes: Neutral. The short term picture is a little messy, with an open gap for May 5 near 407 SPY that still could be tested. But the bigger […]

Pesky Breadth Divergence Persists

The S&P 500 recently moved above its February high to extend its uptrend, but all is not well under the surface. Fewer stocks are participating in the May advance and a key breadth indicator formed a bearish divergence. Bearish divergences form when price records a higher high and an indicator […]

Is This BUD Still For You?

BUD’s stock price has fallen hard, but it may be at a critical buy point. Is the king of beers (or rather, its parent company) a good buy, or is it something to avoid for now? Let’s take a closer look. What Happened to BUD? In April of 2023, the […]