The 70s and 80s were the pinnacle of market letters. Tim was fascinated by them. He’d read the market news from people like Joe Granville and Stan Weinstein. At the time, People thought technical analysis was hocus-pocus—the focus was on the fundamentals. But Tim started to learn about technical analysis from Granville and Weinstein and he couldn’t go back.
He got hired as the VP of Options at another firm in the 80s. He started an internal market letter at that firm, with a reach of 200–300 brokers nationwide. They wanted to hear what he had to say. His market news started as a message on an answering machine. When they called and got the voicemail, they got his update. He started a market letter on the side. As the internet grew, he grew with it. He’s been offering his newsletter online ever since.
Timothy Ord is the President, Editor, and Publisher of The Ord Oracle, an electronic advisory newsletter that recommends S&P, NASDAQ, and gold stock trades. He is one of the top-ten market timers in the country.In this episode of How To Trade It, learn a little-known strategy on how to use volume stock entries! #Stocks #Stock #Trading #StockMarket #Investing #DayTrading #StockPicks #Volume Click To Tweet
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You’ll want to hear this episode if you are interested in...
- [0:50] How Tim’s newsletter got started
- [4:28] A climactic/panic indicator
- [8:12] A discussion of volume/timing
- [13:23] How to make a profit from Tim’s strategy
- [15:05] Trading Gold and the S&P 500
- [16:26] The correlation between GDX and the S&P 500
- [18:27] What newsletter subscribers can expect
A climactic/panic indicator
As the market declined or crashed—and everyone was heading for the exit—Tim came up with readings to buy what people were selling. His work is predicated on panic. The more panic there is the closer to the bottom you are.
At the time of recording this episode, there was extreme panic across the board, so Tim saw a trend change coming. He believed that there would be a low around the election and that the election may be a catalyst for something.
A discussion of volume and market timing
Tim points out that “When the volume gets way out of whack compared to what's average, a lot of times you get trend changes.” Spikes in volume are usually followed by turnaround days. The day before recording this episode, the GDX jumped in volume and Tim is up over 200% today.
So that takes all of the energy out of the market when it throws itself down. Energy really comes in—which is volume—that seems to halt whatever was going on. If it was going down it'll halt to the downside. If it was going up, it would halt to the upside.
When everything is blowing out he gets really clear signals. With the S&P 500, you just need about 30% spikes higher than the previous days. Tim does a lot of trading with volume. To hear the full conversation on his trading strategy, listen to the episode!In this episode of How To Trade It, Tim Ord and I have a fascinating discussion of volume and market timing. Check it out! #Stocks #Stock #Trading #StockMarket #Investing #DayTrading #StockPicks #Volume Click To Tweet
What subscribers of the newsletter can expect
Tim’s market letter is very educational. He shares a lot of what he’s learned over the years. He’s a visual person, so everything he shares is referenced in a chart. He shares indicators, percentages, statistics—you name it. He doesn’t share just one method. Instead, he layers indicators (4–5) to give a signal. He believes the more you can use to qualify a signal, the more accurate it will be.
Tim publishes his newsletter every Thursday. If you’re interested in a subscription, mention this podcast when you sign up and you’ll get two months for the price of one!What can subscribers of Tim Ord’s newsletter expect? He shares all the details in this episode of How To Trade It! #Stocks #Stock #Trading #StockMarket #Investing #DayTrading #StockPicks #Volume Click To Tweet
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- The Secret Science of Price and Volume
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