Monthly Archives: January 2023

3:28 pm SPX short covering is showing fatigue after this morning’s brief foray above 4000.00.  The formation is an Ending Diagonal that may signal a reversal at the break of the lower trendline at 3980.00.  The Cycles Model calls for … Continue reading →

1:30 pm ZeroHedge remarks, “While some were more interested how banks did in Q4 – a quarter which we already knew would see catastrophic banking revenues (due to the lack of IPOs and bond offerings thanks to the plunging market), … Continue reading →

9:10 am SPX spiked higher on the “in line” CPI print.  It challenged the 200-day Moving Average at 3987.35, then reversed.  This may trap “lazy long” investors who may not be ready for a Key Reversal ( when the share price … Continue reading →

3:09 pm TNX faded after 10-year auction, then stabilized.  The Cycles Model remains neutral at this point, but the uptrend may resume. ZeroHedge comments, “One day after what may have been the strongest 3Y auction in history (and if not, … Continue reading →

10:10 am BKX, our liquidity proxy, made its Master Cycle high yesterday, on day 266.  Today may be the beginning of the decline from the mid-Cycle resistance at 105.81.  Confirmation of the decline and sell signal may be had beneath … Continue reading →

1:18 pm SPX may have reversed from the mid-Cycle resistance at 3950.82.    The reversal may be confirmed with a decline beneath Intermediate-term support at 3925.00 or the 50-day Moving Average at 3904.29.   9:50 am The Ag Index has … Continue reading →

1:15 pm SPX made a new retracement high, but fell short of the 50-day Moving Average at this time.  It has the potential of a reversal here.  A Key Reversal may take SPX to or beneath 3800.00, so be prepared.  … Continue reading →

8:00 am Good Morning!  I have an abbreviated session due to outside appointments.  I may comment in more detain later in the day. SPX futures consolidated in a narrow range during the overnight session.   Resistance is now at 3860.00 from … Continue reading →

7:00 am – I am posting early as I am taking two grandsons to the airport this morning. Good Morning! SPX futures made a 61% retracement at 3844.40 in the overnight session and may already be declining again, suggesting the … Continue reading →

10:16 am The Ag Index may also be reversing today after a Master Cycle high on day 255 (Friday ).  The Cycles Model calls for a possible month of decline.   9:00 am Good Moring! SPX futures rose to an … Continue reading →