Monthly Archives: August 2024

2:45 pm  This will be my last entry until September 3.  Happy Labor Day! SPX has just gone negative after a valiant, but failed attempt to better Monday’s Master Cycle high.  At the same time, the DJIA made yet another … Continue reading →

11:55 am We may legitimately put NDX on a sell signal, having made a lower low beneath the 50-day Moving Average.  SPX isn’t far behind.  It must decline beneath Thursday’s low at 5560.95 to earn a sell signal.  Finally, the … Continue reading →

10:00 am BKX, our liquidity proxy, has retreated from its Master Cycle high and trendline at 114.50. Today it has declined beneath its Cycle Top support at 114.15.  This may create an aggressive sell signal on day 256 of the … Continue reading →

2:12 pm NDX has exited its rising trading channel and sank beneath the 50-day Moving Average at 19500.00.  While investors are waiting until Wednesday for the NVDA earnings report, the loss of traction is hard to ignore.  The subsequent lower … Continue reading →

3:33 pm SPX has been unable to rise above yesterday’s high.  In addition, yesterday’s action qualifies as a key reversal on on day 265 of the Master Cycle it would be fair to say that the Cyclical highs may have … Continue reading →

8:00 am   2 Chronicles 7:14  “If my people, which are called by my name, shall humble themselves, and pray, and seek  face, and turn from their wicked ways; then will I hear from heaven, and will forgive their sins, and will … Continue reading →

9:50 am BKX, our liquidity proxy, may have made its Master Cycle high on Monday, day 249 of its Master Cycle.  The powers that be may be hiding the real condition of our banks, but the tide may be leaving, … Continue reading →

8:15 am    2 Chronicles 7:14  “If my people, which are called by my name, shall humble themselves, and pray, and seek  face, and turn from their wicked ways; then will I hear from heaven, and will forgive their sins, and … Continue reading →

7:40 am    2 Chronicles 7:14  “If my people, which are called by my name, shall humble themselves, and pray, and seek  face, and turn from their wicked ways; then will I hear from heaven, and will forgive their sins, and … Continue reading →

9:00 am  2 Chronicles 7:14  “If my people, which are called by my name, shall humble themselves, and pray, and seek  face, and turn from their wicked ways; then will I hear from heaven, and will forgive their sins, and will … Continue reading →