Kara Crawford at kara@traderplanet.comadmin@traderplanet.comhttp://www.traderplanet.com/TraderPlanet.com offers its popular content for commercial syndication via RSS. The feeds include backlinks for the full articles and automatically assign author attribution, which is required. To syndicate these RSS feeds on a commercial Web site, TraderPlanet.com, LLC requires the execution of standard linking agreement. Contact Kara Crawford at kara@traderplanet.com for further details.en-ushttp://www.traderplanet.com/commentaries/view/14201-the_ord_oracle_daily_commentaryhttp://www.traderplanet.com/commentaries/view/14201-the_ord_oracle_daily_commentary<p>timord_062909_1.JPG<br /></p> <p >Above is the 10 min. chart of the SPY. The first of June the SPY broke above the 93 level but failed to hold that high and fell below 93 and created a bearish “Upthrust”. The SPY could be forming a bearish Head and Shoulders top and the Right Shoulder is being developed now. A lot of the time there is symmetry in time in that if the left shoulder took three weeks the Right shoulder should also. The Left shoulder did take three weeks and therefore the right shoulder may tak...</p><a href='http://www.traderplanet.com/commentaries/view/14201-the_ord_oracle_daily_commentary'>Read More at TraderPlanet.com &#187;</a><p align=center><a href=http://www.traderplanet.com/tradertube/index/834/?a=1070><img src=http://www.traderplanet.com/themes/trader_plain/gfx/wyckoff.gif border=0 /></a></p> Mon, 29 Jun 2009 21:01:59 +0000http://www.traderplanet.com/commentaries/view/14200-the_ord_oracle_daily_commentaryhttp://www.traderplanet.com/commentaries/view/14200-the_ord_oracle_daily_commentary<p >timord_062609_1.JPG<br /></p> <p >At the Highs in the SPY in earlier June the New Highs New Lows indicator was making a bearish divergence with the modest rising in the SPY. Also the McClellan Oscillator was producing a bearish divergence along with the McClellan Summation index. Most momentum indicators have turned down, which include the McClellan Summation index, MACD, Bullish Percent index and the moving average of the RSI. Its unlikely these momentum indicators will turn back and even if they do they ...</p><a href='http://www.traderplanet.com/commentaries/view/14200-the_ord_oracle_daily_commentary'>Read More at TraderPlanet.com &#187;</a><p align=center><a href=http://www.traderplanet.com/tradertube/index/815/?a=1071><img src=http://www.traderplanet.com/themes/trader_plain/gfx/murphy.gif border=0 /></a></p> Fri, 26 Jun 2009 13:24:02 +0000http://www.traderplanet.com/commentaries/view/14199-proving_the_pointhttp://www.traderplanet.com/commentaries/view/14199-proving_the_point<p >In Monday’s edition we stated that both the IYE and XLE had proved the point and if you were so inclined to be short would be a good position. We show those in the examples today. The more you listen to the news the more you will be wrong, especially in commodities. There is always the big lie about its different this time. It’s never different.</p> <p >George Soros. “All of economic history is one lie and deceit after another. Your job as a speculator is to get on when the lie is being propagated an...</p><a href='http://www.traderplanet.com/commentaries/view/14199-proving_the_point'>Read More at TraderPlanet.com &#187;</a><p align=center><a href=http://www.traderplanet.com/tradertube/index/832/?a=1073><img src=http://www.traderplanet.com/themes/trader_plain/gfx/jobman.gif border=0 /></a></p> Wed, 17 Jun 2009 14:54:58 +0000http://www.traderplanet.com/commentaries/view/14198-the_ord_oracle_daily_commentaryhttp://www.traderplanet.com/commentaries/view/14198-the_ord_oracle_daily_commentary<p>timord_061609_1.JPG<br /></p> <p >Over the last couple of weeks there have been several divergences showing up. Annual new highs new lows made lower highs as well NYSE McClellan Oscillator made lower highs as Spy made higher highs. The NYSE McClellan Summation index did not confirm the breakout of June 1 when the SPY jumped above the 5/8 high which also was a negative divergence. The last two days down in the SPY did not show an increase which we would have like to seen to show energy had switched to down ...</p><a href='http://www.traderplanet.com/commentaries/view/14198-the_ord_oracle_daily_commentary'>Read More at TraderPlanet.com &#187;</a><p align=center><a href=http://www.traderplanet.com/tradertube/index/834/?a=1070><img src=http://www.traderplanet.com/themes/trader_plain/gfx/wyckoff.gif border=0 /></a></p> Tue, 16 Jun 2009 20:56:43 +0000http://www.traderplanet.com/commentaries/view/14197-the_ord_oracle_daily_commentaryhttp://www.traderplanet.com/commentaries/view/14197-the_ord_oracle_daily_commentary<p >timord_061509_1.JPG<br /></p> <p >We wrote this commentary before the close today and estimated the volume on the SPX on the chart above. Today’s decline did break below the previous lows and tested the gap area on lighter volume. We would have rather seen the lows and the gap broke on at least the volume that occurred on 6/1 which was near 4.8 B but came in near 4 B today. Normally previous lows and gaps tested on lighter volume suggest the lows and gap has support and opens the door for a bounce which is...</p><a href='http://www.traderplanet.com/commentaries/view/14197-the_ord_oracle_daily_commentary'>Read More at TraderPlanet.com &#187;</a><p align=center><a href=http://www.traderplanet.com/tradertube/index/832/?a=1073><img src=http://www.traderplanet.com/themes/trader_plain/gfx/jobman.gif border=0 /></a></p> Mon, 15 Jun 2009 20:52:50 +0000http://www.traderplanet.com/commentaries/view/14196-the_ord_oracle_daily_commentaryhttp://www.traderplanet.com/commentaries/view/14196-the_ord_oracle_daily_commentary<p >timord_061209_1.JPG<br /></p> <p >Today the Spy traded above the recent highs set over the last couple of weeks but failed to hold these highs and volume also shrank. The bulls had the stage to run the market higher but failed. If a market can’t hold the previous highs, it will reverse and attempt to take out the previous lows. The Previous lows come in near 93.22 which is also a very important support zone and is also the high recorded on 5/8. A close below the 5/8 high would imply the top is in by the sa...</p><a href='http://www.traderplanet.com/commentaries/view/14196-the_ord_oracle_daily_commentary'>Read More at TraderPlanet.com &#187;</a><p align=center><a href=http://www.traderplanet.com/tradertube/index/624/?a=1067><img src=http://www.traderplanet.com/themes/trader_plain/gfx/dinapoli.gif border=0 /></a></p> Fri, 12 Jun 2009 13:01:48 +0000http://www.traderplanet.com/commentaries/view/14195-the_ord_oracle_daily_commentaryhttp://www.traderplanet.com/commentaries/view/14195-the_ord_oracle_daily_commentary<p >timord_061109_1.JPG<br /></p> <p >Above is an interesting chart. The blue chart inside the SPX chart is the ratio of the Nasdaq volume compared to the NYSE volume. When Nasdaq volume surges compared to NYSE volume then a pull back is anticipated in the S&amp;P. Over the last couple of days the Nasdaq Volume compared to NYSE Volume surged to a new three year high. Previously when this ratio reached this extreme the S&amp;P had significant pull backs. This condition also suggests that upside progress on the SPX is m...</p><a href='http://www.traderplanet.com/commentaries/view/14195-the_ord_oracle_daily_commentary'>Read More at TraderPlanet.com &#187;</a><p align=center><a href=http://www.traderplanet.com/tradertube/index/744/?a=1072><img src=http://www.traderplanet.com/themes/trader_plain/gfx/firman.gif border=0 /></a></p> Thu, 11 Jun 2009 13:54:16 +0000http://www.traderplanet.com/commentaries/view/14194-spy_and_sptgdhttp://www.traderplanet.com/commentaries/view/14194-spy_and_sptgd<p >timord_060309_1.JPG<br /></p> <p >The SPY broke above the previous high of 5/8 on lighter volume and suggests a false breakout to the upside. Today the SPY pulled back and tested the gap level on lighter volume and implies the gap has support. This could mean that the SPY may attempt to test yesterday’s high again for the short term. A weekly close below 5/8 high would imply the top is in. Also resistance lies at the 200 EMA of which the SPY is running into. There was also an RSI negative divergence as wel...</p><a href='http://www.traderplanet.com/commentaries/view/14194-spy_and_sptgd'>Read More at TraderPlanet.com &#187;</a><p align=center><a href=http://www.traderplanet.com/tradertube/index/834/?a=1070><img src=http://www.traderplanet.com/themes/trader_plain/gfx/wyckoff.gif border=0 /></a></p> Wed, 03 Jun 2009 21:04:11 +0000http://www.traderplanet.com/commentaries/view/14193-spx_and_xauhttp://www.traderplanet.com/commentaries/view/14193-spx_and_xau<p >ord_060209_1.JPG<br /></p> <p >Over the last couple of days the SPX has been testing resistance levels of the 200 day moving average and the January high and doing so on decreasing volume and a bearish sign. Also the SPX jumped above the 5/8 high on 28% lighter volume and implies a false break to the upside. A close below the 5/8 would add to the bearish picture. The RSI is showing a negative divergence also. Today’s price spread narrowed along with volume decreasing which normally precedes a move to more ...</p><a href='http://www.traderplanet.com/commentaries/view/14193-spx_and_xau'>Read More at TraderPlanet.com &#187;</a><p align=center><a href=http://www.traderplanet.com/tradertube/index/815/?a=1071><img src=http://www.traderplanet.com/themes/trader_plain/gfx/murphy.gif border=0 /></a></p> Tue, 02 Jun 2009 21:07:28 +0000http://www.traderplanet.com/commentaries/view/14192-proving_the_pointhttp://www.traderplanet.com/commentaries/view/14192-proving_the_point<p><strong>Today:</strong></p> <p >We are getting the best signals since the March lows and its saying that the rally is over. We had a lot of stocks go above previous swing points and large high volume gaps with light volume. The sector that is the weakest is small cap as per our examples today. I suspect this shows that they have run their course and will be the hardest to get loans in the near future.</p> <p >Normally the best time to put on a trade is Wednesday afternoons and late Fridays when you have a signal. We are wait...</p><a href='http://www.traderplanet.com/commentaries/view/14192-proving_the_point'>Read More at TraderPlanet.com &#187;</a><p align=center><a href=http://www.traderplanet.com/tradertube/index/744/?a=1072><img src=http://www.traderplanet.com/themes/trader_plain/gfx/firman.gif border=0 /></a></p> Tue, 02 Jun 2009 17:55:13 +0000http://www.traderplanet.com/commentaries/view/14191-spx_and_gdxhttp://www.traderplanet.com/commentaries/view/14191-spx_and_gdx<p>timord_060109_1.JPG<br /></p> <p >We were looking for a test of the 5/20 high or 5/8 high as these high occurred on high volume and high volume high are usually re-tested. These highs were tested today and volume came in 28% lighter and suggested today’s surge and break out was a false breakout. For a confirmed breakout above a previous high, volume should be at least equal to the previous high volume. A close below the 5/8 high will imply the top has been seen and may be a good time to add to short positi...</p><a href='http://www.traderplanet.com/commentaries/view/14191-spx_and_gdx'>Read More at TraderPlanet.com &#187;</a><p align=center><a href=http://www.traderplanet.com/tradertube/index/624/?a=1067><img src=http://www.traderplanet.com/themes/trader_plain/gfx/dinapoli.gif border=0 /></a></p> Mon, 01 Jun 2009 21:18:14 +0000http://www.traderplanet.com/commentaries/view/14190-proving_the_pointhttp://www.traderplanet.com/commentaries/view/14190-proving_the_point<p><strong><strong>Today:</strong></strong></p> <p >We have showed three gold stocks this week that show signs that their rally is over. When everyone says your hurt you should lie down. When you get this many stocks in a sector all telling the same story you better pay attention. The warning signs are here.<br /><br />There are hundreds of stocks testing high volume gap downs from last fall. Our Oxy chart in the examples is a good representation of a lot of stocks we have looked at this week. We suspect that there is very little upside from here. ...</p><a href='http://www.traderplanet.com/commentaries/view/14190-proving_the_point'>Read More at TraderPlanet.com &#187;</a><p align=center><a href=http://www.traderplanet.com/tradertube/index/834/?a=1070><img src=http://www.traderplanet.com/themes/trader_plain/gfx/wyckoff.gif border=0 /></a></p> Fri, 29 May 2009 15:13:43 +0000http://www.traderplanet.com/commentaries/view/14189-weekly_spx_and_rsihttp://www.traderplanet.com/commentaries/view/14189-weekly_spx_and_rsi<p >timord_52809_1.JPG<br /></p> <p >It appears in Intermediate term that the market is building a top and we are short the SPX at 883.82. Usually high volume highs are re-tested and if the re-test comes on lighter it would generate a bearish signal. On 5/20 a high volume high occurred and we are looking for a test of that high. If the test comes on lighter volume and close below the 5/20 high then that may be a good place to add to short positions. The bottom window shows that the MACD is on a sell signal. Fo...</p><a href='http://www.traderplanet.com/commentaries/view/14189-weekly_spx_and_rsi'>Read More at TraderPlanet.com &#187;</a><p align=center><a href=http://www.traderplanet.com/tradertube/index/744/?a=1072><img src=http://www.traderplanet.com/themes/trader_plain/gfx/firman.gif border=0 /></a></p> Thu, 28 May 2009 20:32:31 +0000http://www.traderplanet.com/commentaries/view/14188-spx_and_gdxhttp://www.traderplanet.com/commentaries/view/14188-spx_and_gdx<p >timord_052809_1.JPG<br /></p> <p >The above chart shows were support and resistance is on the SPX. Resistance lies at the upper Bollinger band and at the 200 EMA . Support lies at the Red trend line which came from the January and February highs near 880 range. The MACD is currently on the sell signal along with a host of other momentum indicators. Short term there may be still backing and filling. Today’s rally tested yesterday’s high on equal volume and suggests yesterday’s high will be tested again. Als...</p><a href='http://www.traderplanet.com/commentaries/view/14188-spx_and_gdx'>Read More at TraderPlanet.com &#187;</a><p align=center><a href=http://www.traderplanet.com/tradertube/index/624/?a=1067><img src=http://www.traderplanet.com/themes/trader_plain/gfx/dinapoli.gif border=0 /></a></p> Thu, 28 May 2009 18:05:17 +0000http://www.traderplanet.com/commentaries/view/14187-bottom_in_spy_by_tim_ordhttp://www.traderplanet.com/commentaries/view/14187-bottom_in_spy_by_tim_ord<p>traderplanet_VIX.jpg<br /></p> <h3 class="MsoNormal"><span>The week of March 2 the SPY broke below the 11/21 on very light volume.Breaking a previous low on lighter volume implies a false break to the downside and some point the market should reverse and close above the previous low.Last week the SPY closed above the 11/21 low and a bullish sign.Normally when a low is broken by a fair amount the market will attempt a re-test of that low but won’t make it back to the previous low.Normally support on the re-test attempt will come i...</span></h3><a href='http://www.traderplanet.com/commentaries/view/14187-bottom_in_spy_by_tim_ord'>Read More at TraderPlanet.com &#187;</a><p align=center><a href=http://www.traderplanet.com/tradertube/index/744/?a=1072><img src=http://www.traderplanet.com/themes/trader_plain/gfx/firman.gif border=0 /></a></p> Mon, 16 Mar 2009 19:25:19 +0000