Monthly Archives: February 2022

February 28, 2022

2:40 pm BKX is on a similar flight path to the SPX.  There are two possible near-term Master Cycle lows.  The first occurs this week.  The second occurs the first week of April.  Keep that in mind as we move … Continue reading

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February 25, 2022

3:25 pm GKX may be having an early Master Cycle high on day 245 of its Master Cycle.  However, a correction in this environment may extend the Cycle to a more normal time.  The correction may last until the week … Continue reading

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February 24, 2022

3:25 pm You just have to see this to recognize the craziness of this market.  The SPX gained nearly 3.5% from its morning low in a day that the Hi-Lo was -563.00???  This is short covering on steroids!  People are … Continue reading

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February 23, 2022

1:15 pm NDX has declined through the double support between 13720.00 and 13750.00.  Now it gets serious, due to the short gamma accumulation.  The Cycles Model suggests two more impulses down with two or more “limit down” days.  Keep your … Continue reading

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February 22, 2022

10:15 am BKX, our liquidity proxy, has dropped beneath its 50-day Moving Average at 137.44.  Currently it is challenging that resistance, but may not last above it very long.  The Cycles Model suggests a Master Cycle low on or around … Continue reading

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February 21, 2022 Washington’s Birthday

9:00 pm SPX futures have a chance of showing their true colors tonight as they have already slipped beneath Cycle Bottom support at 4274.17.  A “regular” decline would stop and bounce at the Neckline at 4200.00, confirming the Head & … Continue reading

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February 18, 2022 Welcome to Options Hell

9:07 am $2.2 Trillion In Options Expire Today: Here Are The Stocks That Will Move The Most ZeroHedge remarks, “t’s not the biggest option-expiration Friday, but it is big with $2.2 trillion in index and single-stock options, split between $820TN in early … Continue reading

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February 17, 2022 On The Brink

2:00 pm  Shocker From Fed Repo Oracle Zoltan Poszar: Powell Must Crash The Market ZeroHedge reveals, “Back on November 7, just one day before the Russell, cryptos and most risk assets peaked for the year and perhaps this cycle, we … Continue reading

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February 16, 2022

8:30 am Good Morning! SPX futures appear to be range-bound between the 200-day Moving Average at 4454.58 and the daily mid-Cycle resistance at 4478.53, awaiting the FOMC minutes to give rate guidance.  Today’s expiring options show the Max Pain zone … Continue reading

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February 15, 2022

3:05 pm Waves (1) and (2) took 21.5 days. This afternoon’s high marks 8.6 days from the secondary high at 4595.31.  The Hi-Lo Index is at -75.00.  It may close near the Max Pain zone at 4465.00 for tomorrow’s options … Continue reading

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