Monthly Archives: May 2022
May 31, 2022
12:51 pm Today the Ag Index finally may have made its Master Cycle low on day 263. I had warned last week that the low might be in by the end of the week, but the extension needed to be … Continue reading
May 24, 2022
1:30 pm GKX (Ag Index) is on day 256 of its current Master Cycle, suggesting an imminent reversal may be at hand. It has made a classic “running correction “where Wave C is higher than Wave A. We are so … Continue reading
May 23,2022
2:50 pm SPX is testing its 61.8% Fibonacci retracement level at 3983.61 and may have exhausted its short squeeze for the day. Max Pain is at 3950.00, but it may not hold at the close. Short gamma begins at 3900.00. … Continue reading
May 20, 2022
1:00 pm SPX has now fallen into a bear market. In addition, it is embarking on Wave [iii] of 3 of (3) of c, a lethal combination. We may expect this Wave alone to reach 3000.00. Most analysts are reading … Continue reading
May 19, 2022
3:25 pm After the institutions sold this morning, there was an expectation that foreign and retail investors would pick up the buying. That did not happen and now institutions and mutual funds have stepped in to sell again. Unfortunately the … Continue reading
May 18, 2022
12:38 pm As ZeroHedge mentioned, liquidity coming out of stocks is pushing the 10-year T-Note yield down beneath the Cycle Top support at 29.16. The 10-year yield may go considerably lower over the next three weeks. 12:28 pm This … Continue reading
May 17, 2022
9:25 am The GSCI Ag Index broke through the neckline of its Head & Shoulders formation yesterday. This is a fresh buy signal that cannot be ignored. While the new Master Cycle may top out on or near May 27, … Continue reading
May 16, 2022
3:14 pm Today’s action implies that the Master Cycle low may have been made last Thursday, May 12, on day 252 of the Master Cycle. There is a strong alternate outlook that there may actually be a lower low in … Continue reading
May 13, 2022
11:00 am ZeroHedge gives more detail, “The template of 1929 and 1987 is coming into focus in recent trading days. Let’s start with the 1929 crash. The Dow Jones Industrial Average began the week of October 5 with a slight … Continue reading
May 12, 2022
3:38 pm Some analysts believe that stocks are becoming reasonably priced at 15-16 times forward earnings. That’s a bunch of B.S. The attitude of the glass half full is still holding sway. In reality bear markets are likely to bottom … Continue reading