Author Archives: tonych

10:52 am The SKEW Index remains near all-time highs. ZeroHedge informs, “At the end of June, when the S&P was making new all time highs day after day, and when the VIX was touching fresh 2021 lows, we cautioned that … Continue reading →

12:15 pm TNX has reversed from its potential Master Cycle low this morning.  It should be fair warning that the rebound in stocks is treading on thin ice.  This low is on day 242 of the current (red) Master Cycle.  … Continue reading →

3:00 pm SPX has been challenging the 50-day Moving Average at 4237.73 and appears to be breaking through.  This opens the probability of a further sell-off to the Cycle Bottom at 4159.81.  This could last into the morning open as … Continue reading →

3:48 pm VIX has produced a buy (SPX sell) signal.  This is not unexpected.  SPX may not recovery on such short notice,  so it is time to put in your short positions.  We may see abounce on Monday, but the … Continue reading →

11:48 am While SPX navigates the neutral gamma zone, NDX is challenging its 2-month trendline at 14800.00 for a possible aggressive sell signal.  Additional confirmation lies at Short-term support at 14607.00.  While the NYSE Hi-Lo is above 70.00, the NDX … Continue reading →

7:10 am Good Morning! I have an 8:00 am meeting, so this blog will be brief. SPX futures declined to 4250.12 before bouncing back to positive (above 4370.00 cash) this morning.  Yesterday’s cash market came awfully close to the 4399.00 … Continue reading →

3:30 pm I had been warning since yesterday that trending strength was on the increase.  It appears that the increase in strength will continue through the weekend.  A breakout above the 50-day Moving Average at 15.37 may be in order… … Continue reading →

8:45 am Good Morning! DJIA futures made a morning low of 34548.00 after making its retracement high on Friday.  It has not broken above the May 10 high, which puts it in a very dangerous position.  Should the decline start … Continue reading →

9:05 am It’s been a couple of weeks since I last reported on the GSCI Ag Index and it is due for an update.  It now appears that GKX may stretch its correction at least through options expiration next week … Continue reading →

2:15 pm Here is the SPX chart with updates.  There is a new Head & Shoulders formation.  A bit lopsided, but a legitimate one.  Should it be triggered, we may se a decline beneath 4200.00.  There is yet another potential … Continue reading →