Monthly Archives: February 2023

3:05 pm Crude oil rose to 77.34, testing the50-day Moving Average.  It remains on a sell signal.  The Cycles Model suggests the decline may resume through the end of February. ZeroHedge remarks, “My big trade has been long commodities, short … Continue reading →

8:00 am Good Morning! SPX futures declined to 4094.50, then bounced this morning.  On Friday it closed beneath the 2-hour Cycle Top, giving an aggressive sell signal.  This may appear to be tenuous, since the next nearest support is the … Continue reading →

2:57 pm SPX has slipped beneath the 2-hour Cycle Top support, allowing an aggressive sell signal. ZeroHedge remarks, “Financial Conditions are loosening faster than a teenage boy’s pants in a whorehouse – even after today’s early dump and pump on ‘good’ … Continue reading →

2:02 pm VIX may be on its way to a Key Reversal day. It made a new low, touching the Cycle Bottom support, reversing from that low.  It has since exceeded the prior day’s close at 17.87, fulfilling the requirements … Continue reading →

3:10 pm The “mild” report has goosed sentiment enough to spark a melt-up  in SPX that may end in tears.  The 50% retracement value of last year’s decline is 4142.00.  Weekly mid-Cycle resistance (not shown) is strong at 4165.00.  Either … Continue reading →