Monthly Archives: January 2023

January 31, 2023

12:12 pm While SPX futures have declined beneath the trendline at 4010.00, the cash market has not.  This morning’s bounce keeps the SPX in positive territory…yet.  However, beneath the trendline lies an aggressive sell signal.  Confirmation of the sell signal … Continue reading

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January 30, 2023

7:00 am Good Morning! NDX futures are lower this morning. The bullish signal may be changing to bearish this morning since NDX is challenging the trendline at 12000.00.  A close beneath  12000.00 would confirm it.  Technically, NDX may have met … Continue reading

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January 27, 2023

3:36 pm BKX may have met its Master Cycle high today on day 259 of its Master Cycle.  The Cycles Model suggests a burst of negative energy early next week.  Banks are facing troubles on multiple fronts and the Cycles … Continue reading

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January 26, 2023

10:30 am NDX is nearing its down-trend line near 12100.00 this morning on day 251 of the Master Cycle, reaching a morning high at 12018.41 thus far.  We are just a week away from the scheduled top, but may come … Continue reading

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January 25, 2023

9:57 am SPX declined through the 200-day Moving Average at 3961.00 (not shown), giving a sell signal.  The next level of support is the 50-day Moving Average at 3935.00.  Mid-Cycle support lies at 3920.00.  Intermediate-term support at 3910.00.  SPX has … Continue reading

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January 24, 2023

11:05 am BKX, our liquidity proxy, may have made its Master Cycle high yesterday , on day 255.  There is still a possibility of exceeding its November 11 high at 110.57 in the next few days.  If I were a … Continue reading

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January 23,2023

11:24 am SPX is challenging the downtrend line at 4025.00.  A close above that implies a potential extension of the rally for as much as 2 more weeks in a panic rally driven by long gamma.  However, it is also … Continue reading

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January 20, 2023

1:09 pm SPX has met its 38.2% Fibonacci resistance and daily mid-Cycle resistance (not shown) at 3935.00 and appears to be pulling back. The 50% retracement value is 3950.61.  It has met the required Cyclical time period of three days … Continue reading

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January 19, 2023

6:40 am Good Morning! I have a breakfast appointment and ay not return until after the open. SPX futures have continued their decline overnight, reaching a low thus far at 3888.00.  The 50-day Moving Average has been breached at 3916.00, … Continue reading

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January 18, 2023

12:52 pm SPX has given a sell signal… NDX has also declined beneath its Intermediate-term suort at 11495.00, giving a sell signal.   9:46 am BKX may have made its Master Cycle high yesterday, on day 274.  The Cycles Model … Continue reading

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