Monthly Archives: December 2023

2:45 pm I have been challenged to show the complete 1987 trendline.  It has been problem since my charting service generally begins at January 1, 1990.  I finally found a way to allow the chart to go back to 1987, … Continue reading →

1:28 pm SPX has given up its morning gains.  There is no signal yet, but here are some levels to consider:  (1) A decline beneath 4600 may produce a Key Reversal which is considered a reliable sell indicator by many … Continue reading →

8:00 am Good Morning! NDX futures made an overnight high of 16270.70 as it relentlessly powers higher on day 274 of the current Master Cycle.    The liquidity hose is running dry with buybacks ending this week.  It will all … Continue reading →

9:56 am BKX, our liquidity proxy, has slipped beneath its Cycle Top at 88.88.  Friday’s peak at 88.95 was on time at day 259.  Although there is an outside possibility of probing to the neckline at 90.50, the upside risk … Continue reading →

8:30 am  Sorry for the delay.  Internet issues being resolved. Good Morning, NDX futures have fallen back beneath short-term support at 15906.84, but appears to be bouncing.  NDX is on an aggressive sell and is expected to show increased volatility. … Continue reading →

10:31 am BKX, our liquidity proxy, has met its Cycle Top yesterday at 88.56 on day 257 of the Master Cycle.  It has made a Key Reversal, as well.  The month-long rally in BKX mirrored the decline in TNX within … Continue reading →

10:50 am BKX has hit the Cycle Top at 88.56 this morning and may be in reversal, as it has declined to 88.04 as I write. 9:46 am BKX, our liquidity proxy, is fast approaching its nemesis, the Cycle Top … Continue reading →

10:45 am GKX appears to be on a buy signal, but with only 1-2 weeks left in the current Master Cycle, there is a risk of another low.  Liquidity is becoming rarer and some domestic agricultural commodities are still declining. … Continue reading →

3:50 pm BKX is nearing its Cycle Top resistance at 88.43 today, day 255.  That means a high likelihood of a reversal tis week.  The Head & Shoulders target is still active and may influence the outcome of the new … Continue reading →

2:30 pm SPX may have hit its final resistance at 4600.00 that I had announced on Monday.  Let’s see if it sparks a reversal.  Another interesting point.  At 1:00 pm today the SPX concluded exactly 31.42 market days (PI = … Continue reading →