Monthly Archives: December 2023

12:46 pm SPX has declined to the convergence of the short-term trendline and the 1987 trendline.  A break beneath the double trendline offers an aggressive sell signal.  One should not own stocks beneath that point.  The first confirmation is at … Continue reading →

10:20 am BKX is still hovering near its December 14 Master Cycle high.  It has been 9 market days since its high.  A sekl signal may be found beneath its Cycle Top at 92.41.  Be alert since a reversal may … Continue reading →

9:40 am On of the biggest beneficiaries of the Fed largesse is the banking sector.  At the end of October BKX was threatening to break through the neckline of a 4-year wide Head & Shoulders formation near 71.00.  Banks are … Continue reading →

8:45 am Good Morning! SPX futures consolidated between 4752.00 and 4766.00 this morning.  The markets are thinly traded and large institutions seem to be absent from the scene.  The Cycles Model shows the SPX being calm for the balance of … Continue reading →

9:40 am BKX has remained under its December 14 high, but seems hesitant to decline further.  There may be the possibility of an inversion, as the powers-that-be attempt to keep interest rates low and bank stocks elevated.  However, the probability … Continue reading →

7:45 am Good Morning! NDX futures bounced to a morning high (thus far) of 16689.60, short of the Cycle Top resistance of 16751.05.  The Cycle Top is now critical resistance to the rally.  There is a rising trendline near 16450.00 … Continue reading →

3:35 pm SPX has made a stunning reversal, declining beneath the 1987 trendline at 4743.00 for an aggressive sell signal.  The next support is the Cycle Top at 4702.00 (not shown) which adds confirmation to the aggressive sell.  Regardless of … Continue reading →

11:39 am After a bit of investigating I concluded tat the December 1 high at 4599.39 in the SPX may have been the Master Cycle high on day 263,  This Master Cycle high was visible in all the stock indexes.  … Continue reading →

8:00 am Good Morning! NDX futures are consolidating just beneath their Cycle Top at 16669.77.  Friday’s high at 16669.77 may be the Master Cycle high, on day 275.  The Master Cycle has been stretched due to options expiration on Friday.  … Continue reading →

3:42 pm Today may be the beginning of the reversal in BKX.  The Head & Shoulder may still be in effect, forecasting a powerful decline.  Be prepared for what that may entail. ZeroHedge remarks, “The exodus from The Fed’s reverse … Continue reading →