Monthly Archives: December 2022

9:32 am The Ag Index is now in its final week of the current Master Cycle.  It may rise as high as the mid-Cycle resistance at 492.99 as it is in a period of trending strength, but it may not … Continue reading →

11:35 am Jamie Dimon may have got his Christmas wish, keeping the SPX range-bound for the week with the collar at 3835.00, above potential short gamma at 3820.00.  There may be a tilt toward long gamma to squeeze the speculators … Continue reading →

1:06 pm SPX challenged the 3800.00 put wall, but traders did not take the bait.  A higher low suggests a retest of the upper resistance at 3883.00 to 3910.00 over the next two or more days.   11:25 am NDX … Continue reading →

12:17 pm SPX declined to 3813.22 testing the JPM Collar and short gamma at 3800.00.  The bounce from there didn’t take it any higher, so SPX may be range-bound for now.  The top of the range appears to be the … Continue reading →

8:20 am  Merry Christmas!  We are getting white-out conditions with an outside temperature of 6 degrees and a wind chill of -15 degrees. Good Morning! SPX futures are somewhat higher prior to the PCE print.  I thought it best to … Continue reading →

1:10 pm VIX has responded by rising toward the 50-day Moving Average at 24.50.  The rise above the trendline launched an aggressive buy signal.  The 50-day confirms it.     12:58 pm SPX has dropped well beneath its previous low … Continue reading →

1:00 pm VIX has dropped beneath the Triangle trendline again and challenging the December 2 (day 242) low.  Today is day 261 of the Master Cycle and VIX may challenge the prior low.  The EW structure suggests a low above … Continue reading →

3:00pm SPX may be at a crossroads.  Normally we would see a rally back to the 50-day Moving Average at 3863.40 or possibly back to the support line at 3910.00.  However, it is flirting with short gamma beneath 3850.00 which … Continue reading →

9:00 pm I will be spending the day tomorrow watching three lively granddaughters, ages two to six as their their parents seek a specialized medical treatment for their father, who has Lyme’s disease.  I may be unable to communicate the … Continue reading →

12:22 pm BKX approaches the Neckline of its massive Head & Shoulders formation at 97.00 today.   Crossing beneath it may trigger a selling response not seen before.  The Cycles Model suggests the selling may accelerate into the New Year. ZeroHedge … Continue reading →