 uh... we actually have to him or on the line to review their i am how are you going on you know i don't know didn't hear me yep yeah okay i can hear it perfect are you good good good deal what are we looking at today to all right uh... like i think you were some charts yes you got them we have them up right now okay uh... the sicklet chart one yet the political ratio we have for chart one yet it is uh... anyhow this chart is the equity football ratio reading which is a middle window and it goes back to that two thousand four something or five whatever and one point out that when that ratio well uh... on january tenth uh... two thousand twenty four uh... which is what we could go they're about but close to one point five five and i marked the other times kind of with blue dot lines when that happened every time it did happen it came out of a low and that gets you in the vicinity of all this is exactly pinpoint the exact low but that's a you're going into a near-midterm low because that the racial that high on a one-day basis is pretty well is extremely rare it happened five times over the last twenty years but every time it does happen uh... it was important in midterm low and the bottom window uh... is the uh... five-day average of the equity football ratio reading anything above uh... point eight is bullied for a point nine four the next uh... uh... second window up from the bottom is that the ten-day average anything above a point eight is police or at point eight so senate-wise we're looking at an important role forming this vicinity so you can't if you look at the bigger picture you want basically everybody on the other side of the bench which basically according to book all raise your rings we're on the very side so they're kind of leaning on the put side right now though it's a flip the chart to so we're kind of kind of working from long-term back down to the short term so the the senate is uh... the public is buried which is in is bullish you need uh... so the bigger picture on senate it's bullish because everybody's very sure and this this chart is uh... yes a weekly spx fixed ratio which is second window up from the bottom and i think i want to play out on this as one of the s&p's are making higher highs and the spx fixed ratio is making lower highs that's a bearish uh... setup and a lot of times since it's on the weekly time frame and uh... project uh... and here that term bearish signal the last time we got a signal bearishly was basically back at the uh... two thousand twenty two high the as we were making higher high this ratio is making lower highs and that predicted pullback in two thousand twenty two and two thousand twenty three uh... the market was kind of going sideways into the april may period and this race was making higher highs that was a bullish uh... configuration yes the market's going to break higher net did and currently uh... the s&p's uh... did break above the previous high of uh... as was that november or something uh... that was november looks like about september uh... and broke above the september high the ratio as a market that went up make higher prices ratio may also higher high so intermediate term that was bullish kind of saying that far as the uh... big concern the market in general should make higher highs going forward so you know that's a bullish intermediate term sign right uh... so uh... panel kind of going faster but or or or well you know you have to show your term but we have to look at the bigger time frame to actually see where we are are we in a bullish configuration for a summit far as uh... right uh... bans the client all those other stuff you have to look at the bigger picture i keep showing this chart and this chart top window is the uh... in why is the summation dex the chart goes back to two thousand seven and uh... one point out here going into uh... the uh... i guess was september low uh... this or actually the october low uh... you need a selling climax in a summation dex uh... for actually a bullish picture to develop the uh... selling climax then within two months you need a buying climax and that predicts any term bullish signs so for over the next most likely a year maybe even longer uh... the market set up for a bullish situation well october twenty seven two thousand twenty three we hit my eight hundred thirteen though that's the selling climax a reading below seven hundred then within two months you need a rally above a thousand which is december twenty seven and on december twenty seven we did close above a thousand so even though there can be short term uh... pullbacks your midterm is bullish still on the right so it's only out of that the tennis bullish uh... everything i'm looking at is a bullet for two thousand twenty four nothing every day is going to be an update but if it's a look at what the short term picture says here is on the chart for here you have the chart for probably going kind of fast open not losing everybody but uh... i do a lot with with panic panic only forms of bottoms and the more panic you have the more uh... stronger that next rally will be so and i define panic as a trend close above one point two so the longer it stays above one point two duration in time the stronger that next rally was coming so uh... on this chart i i got uh... that two-day average which is on the bottom window the middle window is a twenty one day average so that's the kind of a your midterms uh... signal the top window is the uh... uh... ten-day average and so what you like to see preferably all you know i had another five-day in here but i didn't put it on this chart but all these uh... that uh... the two-day the ten-day the twenty one-day average of the trend all reach bullish levels nor so there was a lot of massive selling on the on the pullback uh... i hear that i hear the music yet i can hold yet to stay with us i wanna here's more thoughts on the market as well as yours you know kind of see this sideways shuffle pattern currently uh... i like here in this kind of bullet sentiment folks stay tuned to be right back with him welcome back folks jacob she filled in for tom o'brien we are joined currently with him or of the or tim you're just talking about a lot of bullish signs for the market as a whole right uh... i am in and so i'm chart for going back to that the trend is uh... dancing issues the definition of the trend is advancing issues over declining issues and divide that by advanced volume over declining volume so if you do all the numbers it shows when the the volume hitting the downstock the trend goes up so uh... and you think that would be bearish but it's actually bullish so the more uh... the more uh... volume is on to the downstock to hire that trend goes and actually the more bullish it becomes so if you get a lot of days of that if you show kind of a sold-out market well right uh... so now all the time frames are are bullish here and there are uh... you can have some this is not uh... in any case i picked the exact day of uh... of the low but it gets you definitely in the vicinity of the low so uh... this turn actually bullish a couple of days i mean all three of them all three time frames turn bullish over the last couple of days but really turn bullish yesterday and probably yesterday i think is probably uh... bottom up of some sort and the reason why we can go to chart five let's take a look also we have chart five up but okay the bottom window is the uh... ten-day trend to close at one point three five and above one point two is bullish and i i pointed out my market letter that probably last thursday's low was going to be tested and it was tested on lighter volume and closed above the previous flow it's uh... it's a bullish sign and exactly that's exactly what happened yesterday and i would like to have at least two if not three or four things turn bullish uh... with me i just don't take one indicator he's not going to take a drink or my my throat absolutely parts so but you know yesterday we tested last thursday's low on ten percent lighter volume and actually close above the previous low by two-cent you know but still above the previous low so that was bullish we also had a two-day trend yesterday of uh... uh... three point five two and normally that's right on the outskirts of some work some don't type indicators anything around four and preferably higher as a slam dunk you buy it on the close three point five two just basically on the margin and i looked at that and i think that's really close and uh... volume studies were bullish i think i'll just wait one more dc what happens it turns out that yesterday's was probably an important low to really confirm that the low was yesterday is for today's volume to be higher than yesterday's volume and today's not over yet but we're almost matching yesterday's volume so we got you know about a half hour to go here so most likely well there's probably a nine percent chance today's volume will be higher than yesterday's volume that's what you want to feel a little bump in energy to the upside compared to the previous day so most likely there was a low yesterday and i sent out uh... axia or email to my clients here about fifteen twenty minutes ago i don't remember how long ago but and then i'm buying on the close today uh... because the bottom was probably yesterday along the rally will last is hard to say but this market's gone sideways that's basically uh... mid-december right and so that's about to or omitted at least uh... so the sideways consolation last about a month so at a minimum if sideways consolation is a month if the rally should last around a month the consolation was two months and the rally should in general last two months so we probably at least rally into some time in you know february maybe uh... maybe a longer i don't know but in general this year is going to be up so how high is high i think it's going to be at least a double-digit year ten percent you know could be another twenty percent like we had last year we're actually had twenty three percent last year uh... you know it could approach that so this year probably pretty good year and also this is pre-election year uh... so you're not going to see a bear market not for election year right now especially uh... you know that the conference once keep the market looking bullish so uh... definitely i think a lot of the like the things that could be like a bearish factor for the market more relatively short term you know i mean i i bring up a lot even when i fill in you know issues obviously have with some world trade right issues of the panama canal the red sea uh... kind of those things but i i do genuinely think those are kind of more short term any kind of depressor on the market and uh... i i like this idea of a bearish or excuse me a bullish one go ahead here well the market you know a lot of people look at the fundamentals and they interpret the fundamentals when they go to the individual investors well the market and to enter that interpretation for you when it gives you the signals what that means it was bearish or bullish so whatever's going on in the world right now you can look at all the natives and and all the you know the sure inflation uh... the wars and whatever and the market hasn't used it and yeah but this year the market is interpreting that over the next uh... what you know twelve months or so is is going to be a bullish outcome so right exactly the best interpretation is is for the market to tell you well what is is going to do and there's certain signs to look for in the market and i think uh... those signs i've i've displayed on this you know you're very valid here yeah very valid point all right well then we have i think now we have chart six we've about we saw some time we have chart six up on the screen right now right chart six this is a uh... the middle window is the uh... discount premium for the sprout gold trust though that middle window with uh... the red line in there is when that uh... is minus uh... that discount or premiums below minus two percent and what andrew drew lines uh... blue lines all across when that uh... discount hit below minus two percent matter of fact i showed this on tuesday also even though the market is backed off some the two two percent discount or minus two percent discount and greater still and prevalent here so it can go down a little bit uh... but in general you're still looking at some sort of a low in this vicinity when you get above two percent and mark starts going down that's when the market actually can go quite a ways but you can be off a weaker so but long as that two percent is still relevant in other words the market was going down and uh... and the discount wasn't going below two percent would be a very fine c but since that has gone down blue two percent and actually if they blow to uh... my two percent this uh... january fifth i think it was the first time it got below there you're looking at a bombing process you had a little minor rally they came back down and yesterday's close came in at two point two six so what that mean for for a gdx well we've make a quick note here there's a gap on uh... this is chart number seven there's a gap on november fourteenth of last year twenty seven twenty three and for some reason gdx likes to go to gaps ever so we're just a whisper away from testing that gap and i think that's probably going to touch that gap can you stay with us into the next uh... segment go for gdx a little bit more awesome fantastic folks stay tuned we'll be right back with him or of the welcome back those jacob shoot with tim or of the or the oracle uh... before one to break them were looking at the gdx uh... chart you had gdx currently trade about twenty seven fifty five and uh... has have been moving down right for the past month when we look at it it has moved downwards like said january fifth uh... the discount a premium discount for the sprout gold trust has been below minus two and that's usually in the bottom area that gap on uh... i got a note there it on that chart is twenty seven twenty three yep that's where the gap starts that's probably what we're going to head there's another gap right above it is kind of a place gap there sideways market that was on that november twenty first we get that gap and rocketed up and we'll come back down but really this market has done anything uh... august of of uh... last year it's gone up gone down look like a head and shoulders bottom of form to which are probably dead had projection up around uh... thirty two thirty three i got basically to the minimum now come back down again but you know you get the the discount minus two again so you're still looking at some shorter to short-term low but this sideways pattern go on for another six months yet could but at some point you're going to hit an impulse wave and impulse wave is where the market pretty much trades one direction instead of this chop back and forth so don't know when that's going to happen but uh... in terms of look okay they're not you know extremely bullish or bearish right uh... you had the bullish percent index and i i i got which is up around fifty three percent in other words fifty three percent of stocks on gdx run point figure by signals that's still around fifty so it's not bearish but it's not really bullish either so it's kind of a nothing market right now so i i don't think we're really breaking down here but we're not breaking up either but right i think we're probably going to test that gap and bounce off that gap and how the next rally performance will tell a lot uh... but momentum study they're just kind of neutral or just not showing a lot here but uh... it would be nice to see the market that's usually what happens though it definitely it would be nice to see some actual movement in gold as well uh... any of the you know substantial moves now of course there's some decent equities have done well over the past few months you know even talk like the august time frame but seem like the whole sector really take off but i think would be super nice can you explain a little bit uh... the up-down volume here at the bottom chart uh... right okay the the uh... it's an eighteen day average uh... the bottom window is that gdx up-down volume percent is eighteen day average and over time basically when that indicator is above minus ten mark is an uptrend which is all the blue area c one below minus ten which are right now isn't a downtrend and the next window up is advanced decline there he has a problem bottom window in the next one up is advanced crime with an eighteen day average that's also below minus ten but you know a downtrend you know they're below minus ten but once you start getting above minus ten is when another uptrend starts and and right now i guess you say you're we're an uptrend but you gotta remember that the minus two percent discount always comes near lows so you know you're not going to keep going down with the minus two on the uh... uh... so most likely you'll probably hit that gap probably found support how the next right over form will kind of tell how the story will be made would you we go up for a while and uh... turn back down it is it's just kind of a much market is just yes uh... really can't see you know i'd like to see a blowout i think the big blowout on gold did come in august of two thousand twenty-two i'm thinking that was a major low back uh... a multi-year low back in two thousand twenty-two and mark has worked a little bit higher i don't think we have the strength for the weakness i guess you might say to get back down to the august two thousand twenty-two low so we're in a some sort of uh... uh... a consolidation phase that's going to uh... that's building cause for the next rally uh... but that rally may not start until later this year i don't know what i thought we were starting here with the head and shoulders bottom pattern that worked out pretty well but didn't fall through and really the question is you know what it what is that major catalyst and how people viewing it on a our larger scale well tim thank you thank you so much for coming on that was fantastic as always and i really always learn so much when you come on so i really appreciate it okay yeah i'm glad beyond so uh... i guess we'll talk next to you again so next to the entire should be back as well so that'll be uh... fantastic to have you guys back on again and everyone this is uh... to more of the order oracle that is or hyphen oracle dot com go visit his website check it out uh... as you heard a mention earlier you know he released updates all this clients and uh... it's just more of this really good stuff really get into the nitty gritty of all of it which uh... i think we can all appreciate him thank you so much thank you thank you very much