Monthly Archives: September 2024

2:38 pm SPX has broken its short-term trendline, putting us on high alert that the reversal may have been made.  It bounced off round number support at 5700.00 and that level may serve to demark an aggressive sell signal.  The … Continue reading →

7:30 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 … 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 →

9:58 am BKX is declining from its Cycle Top at 116.23, on its way to the 50-day Moving Average at 111.45.  It is currently on an aggressive sell signal with confirmation beneath the 50-day.  We have been given hints of … Continue reading →

7:50 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: BKX appears to be “stuck” just beneath its Cycle Top at 115.98.  It gives the impression of a continuous rally, but has not exceeded the July 31 high at 116.07.  The powers-that-be may be attempting to keep BKX elevated, … Continue reading →

1:05 pm SPX bounced off the rising wedge trendline near/at 5675.00 in a throw-over.  A further decline beneath it may signal the end of the rally and offer an aggressive sell signal.   10:15 am The upward progress of the … Continue reading →

1:15 pm SPX has spent the required amount of time on this rally.  While it may take another hour or so to finish the top, a reversal may be imminent.  The first support is the upper trendline of the rising … Continue reading →

4:00 pm At the last minute SPX did something I had anticipated for a long time.  It made a Key Reversal by 21 ticks.  In this case, an inch is as good as a mile. ZeroHedge comments, “Well, once again … Continue reading →

7:45 am Good Morning! The DJIA futures have made another all-time-high this morning at 41746.10 with more room to move higher, though limited by the Cycle.  The possibility exists that the Dow may make a run to the upper trendline … Continue reading →