Monthly Archives: December 2024

8:30 am The Lord’s Prayer Our Father, who art in heaven, hallowed be thy name.  Thy Kingdom come, Thy Will be done, on earth as it is in heaven.  Give us this day our daily bread and forgive us our … Continue reading →

3:10 pm SPX declined to the trading Cycle bottom at 5861.18, then bounced to the 50-day Moving Average at 5938.28 this afternoon, where what was formerly support became resistance.  It may linger just beneath the 50-day until the New Year … Continue reading →

1:25 pm Bitcoin has declined beneath its 50-day Moving Average at 95440.78 after a week-long effort to hold at that level.  The sell signal is confirmed with a lot of empty space beneath it.   1:08 pm SPX has declined … Continue reading →

3:00 pm SPX has stalled just beneath a possible target at 6052.00, but remains above short term support at 6034.42.  The Cycles indicate a reversal may be made by/near the closing today.  A decline beneath the Short term gives an … Continue reading →

8:45 am   The Lord’s Prayer Our Father, who art in heaven, hallowed be thy name.  Thy Kingdom come, Thy Will be done, on earth as it is in heaven.  Give us this day our daily bread and forgive us our … Continue reading →

2:52 pm Bitcoin has fallen beneath its 50-day Moving Average at 93417.92.  Its a confirmed sell.   8:00 am    The Lord’s Prayer Our Father, who art in heaven, hallowed be thy name.  Thy Kingdom come, Thy Will be done, on earth … Continue reading →

10:58 am SPX has bounced from its lows this morning as dealers buy back this morning’s short options after the open.  Resistance is at the 50-day Moving Average at 5921.26.  Thereafter, the decline may resume with a big put wall … Continue reading →

3:11 pm NDX has gone negative again.  It appears to lead the indices lower starting today and possibly the next week.  There are a couple more short-term supports that may cause a bounce, but there are at least two more … Continue reading →

3:05 pm SPX has just crossed the lower trendline of the 4-month Ending Diagonal at 5970.00.  This is a confirmed sell/sell short signal.  SPX is now treading at November levels.  This is serious.   2:08 pm SPX is now making … Continue reading →

10:00 BKX, our liquidity proxy, may have slipped beneath the trendline at 131.00 this morning.  If so, the decline may resume, with an occasional bounce, through the end of the year.  Even more bearish would be a bounce to the … Continue reading →