Monthly Archives: August 2024

7:45 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 →

8:30 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 →

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, … Continue reading →

8:  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 →

7:45 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 →

2:40 pm Today’s SPX high is two points beneath yesterday’s high.  The NDX high is 34 ticks beneath its prior high and is receding.  Should today’s SPX/NDX not go any higher, equities may begin to sink like a rock.  Although … Continue reading →

10:00 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 … Continue reading →

2:50 pm Understanding the current market situation leads us to the Japanese Yen and the “carry trade.”  The current market had been propelled by declining domestic interest rates until March 2020, when the 10-year rate started to rise from 0.0398% … Continue reading →

11:59 am SPX went well beneath its Monday target mentioned last Friday.  The fact is, it may have bounced off the 1987 trendline which is in the vicinity of this morning’s low.  Unfortunately for the longs, SPX may not be … Continue reading →

1:00 am SPX bounced at 5300.00 (round number support).  However, it may not hold.  The choices this afternoon are, (1) continue consolidation beneath the short-term Cycle Bottom at 5376.00, or (2) resume its decline to the next support level just … Continue reading →