Monthly Archives: March 2023

3:35 pm BKX did not exceed yesterday’s Master Cycle high.  Remain bearish. ZeroHedge remarks,s “Practically on cue, politicians began their public hearings yesterday about the recent banking crisis. This was so predictable; every time there’s a major crisis, Congressmen book … Continue reading →

11:15 am The Ag Index may be reversing at the 50-day Moving Average at 457.99.  If so, it may be due for a probable sharp Master Cycle low near the 61.8% retracement level at 388.00 by the end of next … Continue reading →

10:15 am Last week I have warned of a possible short squeeze in bank stocks lasting through the rest of this week.  A combination of “good news” and the lack of bad news may aid in this analysis, however short … Continue reading →

10:13 am Despite the horrible news, BKX investors may be about to suffer a short squeeze.  The possible targets may be from 89.06 to 96.00.  Perhaps the Financial Stability Oversight Council may offer a glimmer of hope. Large speculators may … Continue reading →

10:10 am The Ag Index continues in a (more or less) flat correction that may last another two weeks.  Thus far, the Cycle Bottom has held, but may give way to a quick plunge to 400.00-430.00 in its final days, … Continue reading →

2:50 pm SPX may have reached the high point of the day as it tops over the 50% retracement level at 40.17.02.  It may be an aggressive sell candidate.  Confirmation of a sell signal comes beneath 4000.00, where we find … Continue reading →

9:00 am SPX futures are going higher after the March 13 Master Cycle low.  As expected, it was later than usual, on day 269.  The Cycles Model suggests a probable quick turn back down in the next few days.  Meanwhile, … Continue reading →