Monthly Archives: July 2021

2:00 pm I have been invited by my  son to visit him and three grandsons at the lake.  I may be gone until the end of the week.  Short term suport is at 4350.00.  Stay alert. 9:00 am Good Morning! … Continue reading →

10:43 am SPX has broken beneath 4400.00 where this Friday’s puts edge out the calls by 400 contracts.  A subsequent decline from here may tip the scales even further to the puts.  Beneath 4350 the options market likely tips the … Continue reading →

7:45 am Good Morning! Please read yesterday’s blog to get a feel for what is about to take place. SPX futures declined to 4383.70 this morning, but ave nearly recovered by this writing.   The urge to buy the dip is … Continue reading →

Good Afternoon! Most of us that remember the 2000 peak remember the date – March 23, 2000.  However, there is another peak that is not often recognized.  The Industrials peaked on January 14, 2000 at 11750.20.  21.5 years ago last … Continue reading →

2:55 pm SPX ran up to test the Cycle Top resistance at 4415.00 before pulling back.  From a Cyclical point of view, the decline took 25.8 hours and the rally will have taken 25.8 hours should it stop now.  Today  … Continue reading →

3:00 pm SPX may be ready for a sudden reversal as 47.3 hours have elapsed from the beginning of the downdraft on July 14.  A 12.9 day crash scenario consists of a total of 90.3 market hours, leaving 43 hours … Continue reading →

10:52 am The SKEW Index remains near all-time highs. ZeroHedge informs, “At the end of June, when the S&P was making new all time highs day after day, and when the VIX was touching fresh 2021 lows, we cautioned that … Continue reading →

12:15 pm TNX has reversed from its potential Master Cycle low this morning.  It should be fair warning that the rebound in stocks is treading on thin ice.  This low is on day 242 of the current (red) Master Cycle.  … Continue reading →

3:00 pm SPX has been challenging the 50-day Moving Average at 4237.73 and appears to be breaking through.  This opens the probability of a further sell-off to the Cycle Bottom at 4159.81.  This could last into the morning open as … Continue reading →

3:48 pm VIX has produced a buy (SPX sell) signal.  This is not unexpected.  SPX may not recovery on such short notice,  so it is time to put in your short positions.  We may see abounce on Monday, but the … Continue reading →