 Let's get over to our man. Mr. Tim Moore as we do every Tuesday and Thursday and don't forget folks You can reach Tim every trading day. He has an awesome newsletter at odd hyphen oracle Dot-com. That's odd hyphen oracle dot-com Tim. What's going on brother? All right Nice to have you back. I haven't talked to you for a while. It's great to be back I heard you and Jacob. That was a great interview. He did on Tuesday. I was listening to you I just couldn't be here. Oh good. Yeah. Yeah, that was that was really thorough You're always thorough anyway, but that was pretty cool going through that whole, you know gold scenario There's no doubt pretty cool man. Yeah, I tried to look at the picture a lot of people You know, I always kind of start the big picture work backwards. Yes, and there's something important going on here But you know the market far as gold goes, you know, I look at GDX It's pretty much unchanged since last August and I know it's gone ups gone down and inversely gone nowhere Yep. So, you know at some point we're gonna, you know, we're gonna start going somewhere I'm thinking it's gonna be quicker than sooner, but you know, you know, hey listen today You know and today Tim was a big day because gold was down 20 bucks It rejected lower price had light of volume as you know, it's up four or five dollars right now But simultaneously the dollar gave it up on price to which you need You know what I'm saying the dollar is up 800 ticks now you're down 200 and if that dollar breaks That's gonna be it with gold and you know the gold contracts the last two days in the gold contract have been huge man And you haven't had a lot of price movement But the bottom line is that we both know when you start moving to a higher high which they both did on both days Okay, today we had 249,000 contracts. That's monster contract volume and yesterday we did 238 You know, well, yeah, so I mean normally this contract's doing like 80 to 100,000 You know what I'm saying? So it's like, okay, they're they're ramping this baby up So but we both know the gold market is always challenging man Just you know, we almost turned up. I had that I think was the Huy gold ratio Yeah, and I was doing a Bollinger band on it And you know if we close above that mid-Bollinger band and we were doing it on on December We're right smack at it. Oh, and I think okay, we're gonna go through it tease this It tease this beyond belief. Yeah, yeah, yeah, it's kind of frustrating But anyhow, that's the bigger picture looks really good But we can start looking at some of these charts if you want. Yep, I get the first one up fire All right, this is just the SPY and what's it really important yesterday What happened is that selling climax if you notice volume Which is pretty much the middle window there. Yep Normally if you get 30% or more volume in a spike that usually either going up or down that usually stops Stopped the decline or stops advanced. Wow. We had pretty much a hundred percent Volume expansion compared to the previous days That's still has the selling climax that usually just stops the market. Yeah Now what's going to happen probably now to get through yesterday's low You have to have at least equal volume of that increased volume to get through yesterday's low Well, that's probably not going to happen. So yesterday's going to be support. Yeah, so If we also notice we gap down yesterday Yes, and and so the gaps kind of like works works like bottoms, you know, if you go up and test the gap On 10% of a lighter volume that gap is going to be resistance So probably you're going to have the gap is resistance in yesterday's or gap yesterday's gap is resistance And yesterday's lowest support So we're probably going to flip sideways here and if you notice the markets up Decently today and you got a trend of 1.59. I know It's amazing. Yeah, I was gonna bring that up But it's like the trend folks. It's like, you know, this should be like the paranoia beyond belief man Yeah, it's pretty it's pretty good. You know, it's it's probably building energy to get that 10-day trend back up to 1.2. Yes. Yeah, and so the what? Panic is kind of a gasoline for the market, right? So the more gasoline you got in your tank the father you can go with it and the more panic you have in the market The father you can go with it and actually I got a chart. Yeah, actually that's what's chart two real quick. Okay, and Have it the third window up from the bottom is the 63-day trend was basically three months. Yes, and I Labeled there the blue part is when the six is the 63-day trend is above 1.1 And if you notice a lot of times Along with that 63-day trend stays above 1.1. You got an uptrend going Yeah, and so you can have some consolations, you know But not major tops and that's kind of what we got going right now We got a 60 a trend coming in 1.13. So you're just kind of fueling this uptrend here I think we're not going to go Really up this week probably well this week's almost over but next week is a week before option expiration week Which I think it's gonna be a sideways week the next expiration week would go up So I hear the music coming. That's perfect. You stay right there folks Tim and I coming right back And don't forget you can get Tim's newsletter at old already hyphen oracle commas old hyphen oracle.com We have the Dow industries right now trading up 333 Nasdaq's up 196 S&P's are up 54. We'll come right back folks Welcome back folks that Tim wood tomorrow, Brian. We do appreciate your growl and the problem with us out here We have the Dow up 343 Nasdaq up 197 S&P's are up 54 We get our man, Mr. Tim wood the child. We were just going over was the 63-day trend Right six three eight. So right now again, I did this chart today. We're at one point one three, you know, this this doesn't It gets basically the get you in the major trend kind of keeps you there Yes, one thing when you really have to worry when the 60-day trend gets down below one Okay, and the the tan areas and those red line areas are times when the trend 63-day trend gets down, you know at that one point or lower and you know, they they kind of tell you You know, you know back at that 2022 high, you know, it's acts, you know, right after that top You know, it's telling you that the market was getting dangerous Right dangers at all here and you know, this is the election year too. So they're not going to kill the market So short term, you know a little bit fuzzy probably sideways But in that term the trend is up and you really make the big money I think if you can hold into when the market is trending, I think the market Not every day is going to be an update or maybe not every week up But I bet every month that's going to be up all the way. No, you know, Tim I Appreciate all the education you given us Because the what had happened today's Thursday and on Monday and Tuesday even folks, okay They we were we were running and said, you know, I mean the 1.23 trend a 1.20 trend And it was like, okay, man You know people are really paranoid as Joe Granville said, you know that climb in that wall of worry Well, you know, you have basically took that that term and actually brought it into factual numbers Which is so cool man because it's like I it's blowing my mind right now that we're at 1.48 live Yeah, and the market's up over a percent. So it's like really Yeah, yeah, it's just really just it's basically you know fuel for the market Yes, you know when you start really getting in trouble you see a trend get down to point five And you see two three days in a row like oh, yeah, that usually spells pretty much trouble, you know, everybody's You know everybody's on getting along the market and that's a bad sign, you know Yep, exactly. I don't want to do what everybody else is doing, but do the opposite. That's right exactly We can flip the chart three here real quick. Okay. Um, I have it Yeah, yeah, what water it is the top window is the RSI. Okay, and That's that's all there is and I think yeah, it's a daily chart and every time the RSI Manages to get to 80 You know, you don't really want past 82 much just a you know point seven nine point eight two or yeah But yeah around 80 it's usually never the final high and a lot of times that kind of defines a trending market Okay, and I I circled those Areas in blue on on this daily chart. I said those blue dotted lines kind of show you up where they show up at They never come at highs They always come like maybe the midpoint of a move or something like that. So I'm thinking You know, there could be some minor back and forth here short term But this is another indicator suggesting we're probably going to trend here for a while This is if you watch and Tiger TV folks remember if you if you're in the car and you're not watching Tiger TV Don't be looking at the screen simultaneously. Just listen to the radio But go look at this shot tonight because what Tim is explaining which is amazing is that those blue circles folks Are like in the middle You think that they were already the spy was already up quite a bit. Well when the RSI is running at that 79 79 point 5 Whatever, you know the 80 this isn't the middle of the trend. That's pretty amazing man You know, just when you think you can't go higher. It's like no no hold it. We're gonna go higher here Unreal. Yep, right and actually, you know if you look at the the tan area there. Yes, I see it Yeah, that peaks around 70. Okay, so you get so what you get an 80 and The mark keeps going up. You start seeing 70 around the RSI or lower. That was the time you got to worry So that's the reason why I put those 10 areas nice. I got it When the RSI is up around 70 or less. Yeah, okay So right now what this suggests is we did reach 80 on the RSI here I think was back in December, you know, even a month ago Yes This is it kind of initiation Of a trend market. So it's actually bullish. So this chart goes back to look about 2005 or six or something Nice. So Yeah, so it's a test of time. It's pretty rare. It doesn't happen every year But when it does you really want to pay attention to it. Oh, yeah You know, we go over back 20 years and this only happened what five six times. So yeah And we're doing right now. So anyhow, we can go a chart for I have it Yeah, we talked about this in the past a lot of people kind of get all balled up in the market and I kind of Get too narrowed focus But I'm presenting some stuff that looks at the bigger picture. Yes, we talked about this before, you know back in October This the top window is the NYSE summation index And you need a selling climax and right after selling climax You need a buying climax and you can do this with the summation index You actually do it point to but anyhow on October 27th, two thousand twenty three We hit below seven hundred that's the selling climax and too much You like to see it hit plus one thousand, which is basically a sign of strength We happen to happen to have that on December 27th, two thousand twenty three exactly too much I know how cool was that right? Yeah, I've worked that that kind of work that I was Usually they're a little bit longer than that but around two months is ideal and folks If you've been listening to work if you got four months you can't be that won't work as well Right, and if you've been listening to Tim and myself, you know as Tim's been walking you through this market You know, this isn't a number that he Tim just come up with after the fact Okay, you go back and listen to those shows in August okay, you're gonna hear the exact same number because I remember as we're getting close to you know the December the office and myself. Oh my god I think this thing is going to hit right on which which it did which is pretty amazing, right? Yeah, but they so if you look at you know the chart this chart goes back to 2007 and they all came at major lows, you know, yes, you know, and even the two thousand 23 low this indicator picked that low out and also, you know the COVID crash, you know, tell you so we got momentum here You know several different ways of looking at it. So it looks like this year is gonna be a pretty good year. So How high is high? You know, I you know, I had that one monthly chart on the SPX where they had Projection up to fifty seven hundred which is about 17% higher than where we are right now and we're already up of what three four percent this year, right? I think I have to go look at it. So it could be another 20% year again this year. So that'll blow some minds Yeah, so it's kind of blowing everybody's kind of still negative stuff. I'm looking at I mean far as people's Oh, yeah, opinion of the market. Yeah, I mean listen. It's hard to comprehend that the yeah The the attitude still out here is you know that this you know the economy slow and the economy's growing man So it's like there's a disconnect here and more than ways of just leaving the market But it's a pretty big one stay right there folks Tim and I are coming right back We have the Dow industry was up 330 Nasdaq's up 197 S&P's are up 53 Tim and I come right back Welcome back folks Tim or Tom or Brian We do appreciate your growl on a prowl on us out here and after the close out here folks We're gonna have Amazon coming out with numbers You're gonna have Apple coming out with numbers as well as Facebook and meta and it was gonna be what's interesting with Amazon is that Amazon just come across the tape saying that now they are also introducing a generative AI shopping assistant named Rufus and Rufus you can ask Rufus anything you want Including you know, is this the cheapest price that I'm gonna get and Bottom line is that you know, I'm sure they're gonna have that inside the announcement today We got a man, Mr. Tim or the child I got up right now Tim is the summation index Yeah, so you know that's just kind of a repeat. Yes, okay And this this was kind of like projecting, you know, this rally still in the early stages Yes, I'm trying to make so let's flip to chart five. Okay. I have it Yeah, the second window up from the bottom is the SPX VIX ratio, right normally When this when the SP these are making higher highs and that ratio is making a lower highs That's a Divergence and this is on a weekly timeframe So you'll have some on a daily timeframe get to virgins, but once it starts showing up on the weekly You got to really pay attention that the mark is probably doing something that you don't want it to do Okay, and so the pan areas are times when the SP's are making higher highs and that ratio is making lower highs and Now coming off of the 2023 low Point I was trying to make you know the blue areas where basically the positive version both the Ratios making higher highs and the S&P's are making higher highs. So On a weekly timeframe, that's bullish So it looks pretty good and actually you can do another take the one step further if you look at the 2020 Too high. Okay, and you on the S&P's and your approximate is where we are right now a little bit above it, right? But if you look at the ratio You're way above way above it. Yes, yeah, so that's you know I'm not sure that's a legal way to do it But anyhow, the whole thing looks bullish. So not saying every week's gonna be an up week, but this year So far looks really really pretty good Right and folks what you hear in here is that when Tim was explaining on the summation index and Artific that to happen meaning getting into the minus seven hundred and a plus 1,000 that is Saying and said that it's gonna be a Long-term bolt meaning the you know the year and then we combine that with this. It's pretty cool Tim Let's no doubt. So yeah, yes. Yeah, so I don't think we're actually even gonna Well things could change, you know a lot of times you get to you know last year But yeah, 2023, you know, we had a 10% pullback from that July high down to what an October low or something And I don't know if we'll even get that this year. We'll have to wait and see yes But if we see a 10% decline coming, you know, we'll have some graphs to point that out. Nice. So Hopefully we will anyhow. That's right But you know, we can flip to chart 6. Okay. I have it up the TLT VIX ratio VVIX ratio Well one of your listeners Called Jacob or email there were some he wanted to know what the TLT VIX ratio is saying Yes, and it kind of it did warn that we're going to go into a short term high and that's the point I'm trying to make the yes bees were going up, which is the bottom window Yeah, that ratio was going down and that did warn that you're probably gonna have some sort of a pullback But in that, you know, I've seen it, you know But you know if you treat all the wiggles I've been treated out of the market so many times I got Hard, you know, it's great now. No, I'm with you because we trade out the market's gone That that's correct And this is where it's really nice that you have a lot of different ratios so that you can look at these different ratios And then just make a you know, they were Basically, you know a thought process that okay, I think this is you know Temporary and you know, all these other ones are bullish. So I'm gonna stay long. Yeah, yeah, which is all it's always a tough thing I'm trying to make you know, we're not saying this is easy folks Okay, but the bottom line is if you follow what Tim is doing I can tell you this man The clarity inside the marketplace that you're gonna have is a lot better than you have now That's just that's just a fact and that's everyone. I don't I don't care if you've been in this business for 50 years, man Yeah Yeah, so it's only I want to point that out That's that's kind of a very situation and how long it'll last maybe a week or less I don't know that I pointed out the last several of them they're going back to that right because the one in July That was a big one and that's why I mean I'm glad you pointed out because that was the first one that actually you got out of the marketplace in July And so we stayed out. Yes mark went down 10% right I didn't lose a percent on that decline right that kind of goofed it up So but you know, it's it's you know, the better losing 10% or oh, no big time And that's where the context comes of that you have more than one indicator man But the bottom line evidently a few of them had lined up Okay, so next shot is yeah, yeah the gold market here Kind of showing this in my market letter Yeah, it's it's the top windows the RSI for the Inflation-deflation ratio, which is the next window down and it works pretty well I The bottom window is the GDX Yeah, it's the RSI right now on that ratio is below 30 So once gets below 30 and turns up is usually a buy signal. Okay, so And so we know that indicator is turning up right now So I'm concluded into buy signal. So this should be some sort of a short-term low And I also got some red lines there if you can see those red Yes, I can lines there. Yep, right You see those when the RSI gets above 70 It's usually a short term high and that last time we did have that looks like about January First part of January or end of December. We had that ratio get above 30 or get to get above 70 warning There's gonna be a pullback. So I'm kind of looking at the bigger picture sale I didn't get out and Because at some point we're gonna turn up and we're gonna stay up for a long time, right? Well, you know yesterday, you know price-wise yesterday it didn't hold price But today you're just took out the consolidation including the large spike from last week And you have it with volume 27 million. Yeah, so that's that's what Tim's talking about folks So that those signs of strength are really important to understand, you know, particularly after you Basically, as Tim said you got underneath it now the bottom line they shake everyone out Try to and then you know, you go from here. Yeah wild man Right, let's just do it. That's chart number eight real quick. Okay And this is the this is one of the charts that I went to turn up and it's a monthly HUI gold ratio okay, I did a Bollinger band on it and so this is a really a good trending market type thing once it turns up You see stays up, but you need to close above the mid Bollinger band on this ratio Okay, now last time we got a signal was back in if I January 2021 So it's pretty much been on a cell signal for three years now Wow And the blue or the blue lines are the bicycle now We're gonna close the above mid Bollinger bands the bicycle close below the mid Bollinger bands the cell signal And I like that ratio or the the ratio to get above the mid Bollinger band if it does chances Oh, we're probably in a multi at least a multi-month rally if not even a multi-year rally often races Well, listen Tim, it's always a pleasure getting that great education off you You have a great weekend a safe weekend and we look forward to Talk with you Tuesday All right. Thank you. Thanks man. Love you guys. Stay right there folks. Come right back