Monthly Archives: August 2022

12:10 pm SPX continues to linger near the 50-day Moving Average.  However, the decline is no longer impulsive, which suggests a short squeeze may be at hand.  A suggested target may be between 4100.00 and 4150.00 with the mid-Cycle resistance … Continue reading →

1:47 pm SPX is making new lows in short gamma hell (for the dealers).  There is a new support level to watch at 3910.74.  Should this support hold, there may still be a bounce that could relieve the oversold condition … Continue reading →

10:10 am SPX has been unable to close its opening gap at 4057.66 this morning, leaving the probability of yet another probe lower, possibly to the 50-day at3981.02 before a higher bounce develops.  It must bounce to 4080.00 to loosen … Continue reading →

2:31 pm Since this morning, investors have sold thousands of expiring calls and bought puts instead.  Since this morning, over 33,000 SPX puts contracts came into-the-money.  Now its time for the CTAs and hedge funds to start selling, as well.  … Continue reading →

9:57 am GKX has hit its Master Cycle high yesterday, on day 267.  The next move appears to be counter-intuitive, as agriculture prices decline in the face of growing shortages.  This may be due, in part, to declining liquidity.  The … Continue reading →

7:30 am Good Morning! NDX futures are easing lower after struggling against the Lip/Neckline at 13020.00 yesterday.  There may be no turning back after the miserable attempt at a retracement.  The Cycles Model gives this decline 55 calendar days, of … Continue reading →

8:50 am Good Morning! SPX futures remained flat in the overnight session, but are weakening as the morning cash session is about to open.  This is quite a departure from the activity of only a week ago.  Any hopes for … Continue reading →

9:55 am The Ag Index has begun yet another decline, despite being one of the fundamentally most sound investments of the decade.  Look at BKX and you will understand the depths of illiquidity that the markets may be about to … Continue reading →

1:04 pm Good Afternoon!  I’m back, but without all my faculties. So let’s go. SPX declined to the Major trendline at 4225.00.  It is likely to be complete on Monday.   It is due for yet another decline to the short-term … Continue reading →

3:18 pm I came back from my morning appointment with a pounding headache that put me out of commission for the whole day.  Still not recovered. SPX took all day riding the Diagonal trendline as it made its final retracement … Continue reading →