Monthly Archives: June 2021

3:45 pm TNX remains fixed at the 100-day Moving Average during a 20-year auction which just closed at 1:00 pm.  This comes in the category of, “What were they thinking?” ZeroHedge reports, “Coming several days after the trifecta of benchmark … Continue reading →

10:30 am That resolved quickly.  VIX made a new Master Cycle low this morning at 15.04 and quickly reversed on a belated day 271 of its Master Cycle.  While SPX and NDX haven’t made any sizeable moves yet, the VIX … Continue reading →

7:30 pm TNX may have made its Master Cycle low today at day 255 in the Cycle.  The Elliott Wave structure also appears complete.  While there may be a small probability of a further low on Monday,  the highest probability … Continue reading →

9:45 am Back in April I had posted a target for the SPX at 4250.00.  Then I forgot about it as The May 7 high rolled by.  Well, it was resurrected this morning. ZeroHedge proclaims, “Traders bid up US equity … Continue reading →

2:59 pm TNX swept past the 100-day Moving Average at 14.87, then bounced back for a retest.  There may be another probe lower before the retracement is over.   Today’s 10-year Treasury auction benefitted from this move.  How will those buyers … Continue reading →

11:10 am BKX has broken its 8.6-month trendline near 135.00 and may be considered on a sell signal.  Intermediate-term support is at 130.40 and the 50-day Moving Average is at 127.66 for those seeking more confirmation.  BKX is the proxy … Continue reading →

3:40 pm The GSCI Ag Index appears to be in a correction that may take it down to the 50-day Moving Average at 423.70.  This may be a fake-out, as speculators are accumulating these shares.  The Master Cycle may have … Continue reading →

7:45 am A globally Synchronized Crash is looming Wave 3 of Intermediate Wave (1) has just begun in the Shanghai Composite Index.  The minimum decline in Wave (1) appears to be point 6.  It may go lower.  China and the … Continue reading →

8:00 am Good Morning! SPX futures have tumbled o a low of 4171.88, challenging both Short-term support and mid-Cycle support at 4173.28.  This is the next level from which an aggressive sell signal is given.  The signal is finally confirmed … Continue reading →

7:10 am Good Morning! The S&P GSCI Ag Index is climbing higher after touching its Head & Shoulders neckline at the 61.8% retracement level last week.  The Cycles Model suggests that this uptrend may last until mid-July and that the … Continue reading →