 We have Tim Ord on. Tim, can you hear me? Yep, I sure can. Can you hear me? I can hear you. How are you doing? Good. How are you doing? I'm doing well. All rested from the holidays is very good. So what are we taking a look at today, Tim? All right. I see you some charts. I assume you got them. I got them, yes. All right. Let's take a look at... We'll start with chart one. Perfect. And anyhow, the bottom window is the daily SPX. The next higher window is the SPX-pix ratio, and the top window is the VIX. And while I want to point out... So when the S&Ps were going higher into, I think, the December 28th or 29th high, and the SPPs were making higher highs, we're on the current timeframe right now, and that's what's shaded and basically shaded in pink there. Those are the divergence times that I wanted to point out. But when the SPPs are making higher highs in that ratio, which is a SPX-pix ratio, it's the middle window that makes lower highs, you get a short-term divergence. Now, you can look at... There's bigger divergence, smaller divergence. This is just a small divergence. And it can mean just a sideways market or even a pullback, but usually not a major sign on the bigger timeframes. But also, as the market pulls back, you want to look how deep that ratio goes. If you notice on today, we're basically matching the December 20th low, which is the previous low we had here. And the SPPs pretty much matching that low. If you notice, the SPX-pix ratio made a lower low. So now it's making lower highs and lower lows. And that's a pretty decent divergence. Not saying these diverges can actually last a while. So it doesn't mean we have already seen the top. But I still think on a short-term basis, we are going to go back up one more time, possibly hit a new short-term high. And that will be the time to look for a short position. But not now, at least from my work, could be wrong. But I think there is a good chance on a short-term basis. We're going to bounce up here. Probably starting, if not today, tomorrow, and probably run into next week and how high that rally goes. Could set up the next sell signal. So on a short-term basis here, I also want to point out last week, I think it was last week, we're at five days in a row going into December 29th or 28th, where that last high was. The market is up five days in a row. Normally, a 3% of the time, the market will be higher within five days. So we're down right now. We're down four days in a row. So tomorrow's fifth day, can we make new highs tomorrow? Probably not. But that's also another sign. If we don't hit a new high within five days, I still think we'll get a rally because that five days up here is usually never the final high. Usually you get some sort of attempt at least to go back up and mash the high. So I still think there's a rally in front of us. But the next step is going to be pretty important. So anyhow, that's a short-term picture. So a short-term picture, probably a short-term balance that could lead to a sell signal. So what's that mean on a bigger timeframe? So let's flip to chart two. We have it up. All right, chart two, this is a weekly chart. So you really can't see the little negative divergence on the daily chart. The same chart as the same tecla analysis, I guess, is here. The bottom window is the weekly SPX VIX ratio. And the middle window is the SPX. I didn't use the SPY. But this is on weekly timeframes. And the diversions work the same way. As the SPs go higher, you want that ratio. The SPX VIX ratio go higher. And that's what's happening here. So we, on December rally, we broke above the July high. And if you look at the SPX VIX ratio, we did break above the previous high. So that's all bullish on the weekly timeframes. But on a shorter timeframes, you know, in chart one, you know, we could see some up and down. Probably what I'm thinking, probably a rally maybe later this week, tomorrow or something, or the first part next week. And we may hit a high or may not hit a new high. But ultimately, I think the pullback will take us back to 4,600, which is basically the high we had back in late July. I think that's probably going to find support in from there back up. So nothing real significant. Norma just said probably a consolidation of some sort. Maybe over the next couple of weeks, maybe possibly into month in, I don't know. It does look like anything really serious on the bigger timeframes is going on here. But let's flip to chart three real quick. All right. We got chart three up. All right. Chart three is kind of the bottom window is the SPX VIX ratio again. And I'm just showing you as yes, the ratio is making higher highs. And you notice this is the monthly, I believe. Yeah, it's a monthly SPX VIX ratio. Now, this chart goes back all the way back to the top we had back in 2022, late December. And if you notice, we haven't hit that the SPX has not touched that high yet back in December, 2022. It's a little bit lower. That high was 48 something and we haven't quite hit that yet. Just a little bit shy of it. But if you go down to the bottom window, the ratio has already made higher highs. So at some point, we're going to break above the December 22nd high. And so I'm thinking we're probably pulling back to 4,600 and with the bigger timeframes of monthly ratios showing a bullish configuration, that 4,600 is probably going to be support. And at some point, we're going to start breaking above the December 2022 high. How high is high? Well, I'm thinking what the pattern that's forming here on the monthly chart is the head and shoulders bottom. Where the October, July is the head and is head and shoulders central pattern as an upside target around 5,700. So ultimately, I think we'll hit that maybe this year, you know, probably later on the year. But if you notice that neckline I've drawn there is at 4,600. That's pretty close. I think we'll pull back there to get to go. I hear the music. Awesome, yeah. Yeah, Tim, stay tuned or stay right there. We'll be back. Interested to look at the other charts. We have nothing about three more as well. Folks, stay right there. Self and Tim Ord will be right back. Welcome back, folks. This is Jacob Schrupp filling for Tom O'Brien. We are with Tim Ord of the Ord Oracle. Tim, are you still with us? I sure am. I'm right here. Awesome. See, we're still on chart three, right? Go ahead. You're still on chart three? I just pointed chart three. The bigger pattern is bullish. The weeklies look OK. The daylies are kind of not real bearish, but probably a consolidation in January is starting to look like. So that kind of sums up the first three charts. So let's flip to chart four. All right, let's get this going here. I have chart four up. All right. The middle window is the monthly HUI Gold Index. And it's the ratio. And this ratio in a nutshell, when the ratio is rising, it's bullish. And when it's declining, what happens? When the gold stocks are outperforming gold, gold and gold stocks are an uptrend. When gold is outperforming the gold stocks, usually the market's in a downtrend. And so all this is, is the ratio. And I use the Bollinger Band on it. And the blue lines are when the Bollinger Bands or when the ratio closes above the mid-Bollinger Band. The red lines are when the index closes or the HUI Gold Index closes below the mid-Bollinger Band. So back in 2011, high went bearish, never turned bullish until 2016. Now it stayed bullish for about a year, went bearish again for about maybe two years. It's been bullish again in 2019 for a couple of years. And it's basically been bearish since 2021. That's the red line, excuse me. That's the red line. And since it has not closed above it yet. But what I want to point out here, what was really intriguing, notice the Bollinger Bands on this ratio start to squeeze. And that would be the second window up from the bottom. That's the width of the Bollinger Band. And the squeezing of the Bollinger Bands suggests at some point, the market, you know, if you look there, that ratio has been going sideways since about mid-2022. So it's been going sideways for almost two years. Now really hadn't gone up, went up a little bit, went down a little bit. Now it's trying to go back up, but really hadn't gone anywhere. And that's when the Bollinger Bands squeeze. When those Bollinger Bands squeezes, it suggests at some point you're going to see an impulse wave. An impulse wave is more of a straight line move. So we're going to break out of this sideways consolidation and either go up or down. And that doesn't give you the direction, but most likely it's going to be up because you can always stay down for so long. You know, the market's been going down since 2021. So now you've got the Bollinger Bands squeezing. And over the last couple of months, this ratio has been going up. So I think at some point we're going to close above the Bollinger Band. And that's going to be a longer-term bi-signal. And these bi-signals last at a minimum of a year and can last, you know, three, four years. So how long is it going to last? Really don't know. But the second window up from the bottom is where the Bollinger Bands squeeze. I guess the more squeezed it is, the more bigger that move is. Last time we got near this squeeze came back in at the 2011 high, not quite as low as it's been, or quite as low as it was in 2011, but it's nearing that level. And that predicted, and that was a major bear market. So this one, in my opinion, is probably going to be a major bull market. So something big is about to happen. It's not going to be years down the road. It's probably going to be months down the road, you know, but it's not going to be a whole lot of months down the road. But we're going to break out of this trading range. And if you notice, you go to the top window there, that's the H-U-Y index also. If you notice the Bollinger Bands are starting to squeeze together there also. Right here. So we've got something that's about to happen, probably within the next six months, maybe even the next three months, I don't know. But something big is going on with the gold market. So has it triggered the bicycle yet? No, but that H-U-Y ratio needs to keep going up to get above that mid-Bollinger Band. And once they get above the mid-Bollinger Band, I think a lot of steps is going to, you know, can it be explosive? I don't know, explosives is the right word for it, but it's going to be meaningful. I'll put it that way. Definitely. And I see for the other chart you have here as well, and this is something I've just been following, because I think the movement of it is more extreme compared to gold, is you have silver going on here. So you have like the monthly silver on chart four. And I think this is going to be fascinating for everyone. Yeah, yeah. Here, I'm pulling it up right now. It's on chart five. Chart five. Yeah, chart five is really interesting. Yeah, this is the silver gold miners. Excuse me, let me get a drink here. I think we're both having the same thing there, Tim. Yeah, this is where my drill gets right anyhow. This chart is really interesting too. The bottom window is the SLV silver ratio. And so this ratio has never been as cheap as it is right now. And last time it was this cheap. In other words, this ratio is down. It's cheap compared to the silver stocks or cheap compared to the price of silver. And last time it's been this low was back at the 2016 low. And right after that, you know, the market screamed up. It went from basically 17 on SLI up to about 45 or whatever. You know, and it happened within a year. So cheapness were there. Also, the next window up is the Bollinger Band spread again. And so we're as cheap as the spread is. Now it is going back to 2018. So that also, you know, the market's going sideways for almost a year and a half, two years on SLI. So silver stocks really just hadn't done anything yet. But if you notice, we did close above the Bollinger Band. You know, it's back down on it right now. But you got the ratio extremely valuation-wise, extremely good valuation. And you got the silver ratio above the mid-Bollinger Band. And I didn't draw all those lines in there because the chart gets too messy. But every time in the past, you got a close above the mid-Bollinger Band. You had a multi-month, if not a multi-year rally. So the silver stocks may have already started their rallies, what I'm saying. And we're very early in the stages. So that's, I guess, gold hasn't closed above its mid-Bollinger Band. But the silver stocks has. So silver, you also want silver to outperform gold because that's what happens bull markets. Bull markets, silver performs better than gold. So silver should be taken off along with silver stocks here, along with the Bollinger Band squeezing. So we got chart six. Do we got one more? We got time? Yes. So we have about 20 seconds left. If you want to stay with us into the next segment, you can as well. I'll pull up chart six anyways. But I just wanted to say, even with silver, I mean, seeing that, I mean, it was such a, it hadn't been animated. I'm looking at the silver futures. And just to see it kind of bump up to that 26, like 35 level, it interested me a little bit, right? And I'd like to see silver get more attention as well. And I think kind of looking at this, that's actually not a bad forecast for it. But Tim, stay right there. And we'll have you on right after this break. Welcome back, folks. This is Jacob Shoup, filling in for Tom O'Brien. We are with Tim Ord of the Ord Oracle. Tim, we're looking at the GDX right now, huh? No, let's go back to chart five. Perfect. So. Love it. So this is a monthly chart. That doesn't mean silver's going to be up next day. But it has gave a, in my opinion, major buy signal, probably back in late 2023. And like I said before, these are not really whippy signals. Once they get on a buy signal or a sell signal, they stay there. So I'm thinking this index, silver miners, FIL, has turned up. So I'm thinking they're starting to perform an axiom and a couple of silver mines. And they actually have performed pretty well. So this is a bigger timeframe. This rally, in my opinion, on the silver miners has started already. The bottom, my opinion, is in, I guess, the worst case scenario. You could test below one more time, but I don't think that's going to happen. So, but there's too many good things. The valuation, which is bottom window, is where you like to see it, you know, rock bottom. And now you've got the Bollinger Band's pinching. So something is about to pop, you know, since it's a monthly chart, doesn't mean it's going to pop today, but it could pop, you know, next month, month after. My opinion, before June. So, but yeah, we can go to chart six now. Right on. Okay, we're looking at chart six right now, Tim. Yeah, GDX top window. Here's what I'm thinking is going on. We had a hidden, this is a weekly chart of GDX. We had a head and shoulder pattern that formed where the October low was ahead, the right shoulder formed in the November timeframe. You had a sign of strength through the neckline. And it came back to the neckline test, it went back up, went back down. And what I'm thinking, the sideways movement that's been going on for six weeks, is the right shoulder of a bigger head and shoulder spot. And the reason why I say that is because there's a correlation. If you look back in May, June, July of last year, you had a sideways pattern going on there, which I have left SHSN for left shoulder. So I'm thinking this is a left shoulder back in that timeframe. And we're forming the right shoulder right now. And this left shoulder and right shoulder, time-wise, they're usually pretty close in time. Left shoulder took about nine weeks to complete. We're in about number six weeks completing right now. So, market may stay, I don't know. Word's not stagnant, but the market may trade in a range of 29 to 31 range over the next couple of weeks or three weeks. And from there, I think we break above that neckline, which is on this bigger head and shoulders pattern around that 31, 32 area. I got marked there. And so I'm thinking this is a multi-head and shoulders bottomed. We got a second one developing on the right shoulder right now. And since October, if you notice, we're making higher highs, higher lows over the last, since last October. And that's the definition of an uptrend. So it's been really choppy most of the year, going back all the way to June. And I think that choppyness is probably going to end later, probably starting in February. A lot of times, February had big turns in the market for gold, gold stocks. I think that run could possibly start in February sometime and run all the way in probably October of this year is what it's starting to look like. But it doesn't look like anything real meaningful is going to happen over the next couple, three weeks. I'm thinking to form the right shoulder of this bigger head and shoulders pattern, it probably is going to remain in a kind of a consolidation phase. So the bigger patterns bullish, the short-term pattern is probably a little bit sideways. We have sport around 29, which is a smaller head and shoulders sport. We may possibly test that one more time. Then a larger one is up around at 3132. So not a lot to talk about. I think on short-term, SEM is fine on it. There's other indicators that suggest that some of the larger moves is also coming on some of these indexes. Just like silver, I think it's starting. So it could be a really big year for the metals. I'm starting to see what it's starting to look like. No, definitely. We've also, I mean, exactly what you're saying here. We kind of see it like just a little bit of a sideways moving in gold. You know, I look at a lot of the gold equities every day with some of our portfolios and stuff. And I mean, anticipating something big, I know a lot of people at least in the Tigers that are looking forward to that. And we're hoping to, you know, when they just move sideways, you're just waiting for something to kind of pop with it. So these are awesome charts, Tim, seriously. All right, I hope it helps your readers and stuff. Yeah, absolutely. Sometimes you just have to be patient, wait for these signals to mature. And some of you got to act on. But between the two, I guess silver and gold, silver is probably the first one out of the ranks. If you start seeing that go, it'll probably head up before gold starts heading up because you like to see silver lead to rally and that's what's happening here. So, you know, I think this chart, what was that the previous year? Yeah, that was previous five. Yeah, five for silver. That chart is already started to go. Love it. Love it. And folks, listen, if, you know, Tim comes on Tuesdays and Thursdays, if you like what he asked to say, we have on tfnn.com your services. He has two ones up currently and six ratios every trader should know and then the secret signs of market tops. Both of these were fantastic. I really strongly recommend it again. That's Tim Ord of the Ord-Oracle.com. Go give him a check out. Tim, thank you so much for coming on today. That was enlightening. All right, but thank you for having me on. I'll see you guys next Tuesday. Sounds great, Tim. We'll see you Tuesday. Take care now. All right. And again, guys, right over here on services, six secret ratios every trader should know and then the secret signs of market tops. Love both of these. That is one of the, you know, we usually have these after work and some people are like, oh, you got to stay longer after work. It doesn't matter. It doesn't matter when you get people like Tim Ord. You know, we have Teddy Keckstat on earlier last year. Basil just released one for him. These, these things are great. If you're really looking to like, if you, you know, you don't know where to start, right? If you want to trade, you're kind of watching our programming. You like kind of being in it with the culture and everything like that, but you're not sure where to start. These are really one of the best things you can start with. Okay. You come over here just to services. 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