Author Archives: tonych

7:40 am Good Morning! The Dow Jones Industrials made a new all-time high on Friday, but the weekend futures only managed to consolidate within Friday’s trading range.  It is possible that Friday’s high on day 266 of the Master Cycle … Continue reading →

8:00 am Good Morning! SPX futures are now testing the Cycle Top resistance at 4555.49 on day 266 of the Master Cycle.  Though unexpected, this should not be considered out-of-the ordinary as Cycles may expand or contract based on various … Continue reading →

10:20 am SPX may have made its secondary high this morning, exactly 34.4 market days from its all-time high.  Noting confirmed yet.  Just though you’d like to know.   8:20 am Good Morning! The Industrials made a new all-time high … Continue reading →

3:05 pm You may recall that in early September when the SPX finished its 5th Wave, I noted that it was missing in the DJIA.  Well, here it is.  The SPX, while very close, has not made a new high.  … Continue reading →

8:00 am Good Morning! SPX futures are now above 4500.00 as Intermediate Wave (B) continues its ascent on borrowed (literally) time.  Today is day 262 of the current Master Cycle.  Since Cycles are organic, so inputs, such as cash, tend … Continue reading →

7:50 am Good Morning! SPX hit its lesser targer at 4475.00 on Friday, day 259 of the Master cycle.  Friday was calendar day 43 from the all-time high.  Now for the decline. SPX futures made a low of 4450.10 this … Continue reading →

7:30 am Good Morning! My wife and I are leaving for a “destination wedding” at Boyne Falls this weekend.  The colors should be magnificent. SPX futures rose to an overnight high of 4457.80 where Wave [v] of C is .62 … Continue reading →

1:30 pm SPX has reached its target (Max Pain) allowing a minimum payout by the dealers and hedge funds.  By 3:00 pm, it will have completed a half-Trading Cycle  of 30.1 market days and 43 calendar days from the all-time … Continue reading →

2:33 pm While we were watching the SPX, another indicator has turned.  The BKX, a proxy for market liquidity, has reversed down from Monday’s high and the Cycle Top resistance at 140.05.  A Master Cycle reversal may be considered a … Continue reading →

1:35 pm Today’s action in the TNX may have confirmed last Friday’s Master Cycle high.  The Cycles Model now suggests a possible 5-week pullback in bonds.  This may be due more to a knee-jerk reaction to a sell-off in stocks … Continue reading →