Author Archives: tonych

7:45 am Good Morning! NDX futures continue to make all-time highs, although only by a few ticks.  Retail investors continue to buy the dips while institutional investors are absent.  The Fed is furiously pumping while the markets begin to sag.  … Continue reading →

10:35 am The Dow Jones Industrials have declined over 300 points in the first full hour of the cash market.  It appears that the DJIA is leading the decline at twice the velocity of the SPX decline.  That is attributable … Continue reading →

Happy Independence Day! Since the ongoing market commentaries (see below) insist that the market has further to rise, let me take the opposite view.  As reported on Friday, the DJIA has reached its target of 34800.00.  That was the round … Continue reading →

2:12 pm BKX, the proxy for market liquidity remains beneath its 50-day Moving Average.  Perhaps this is also an indicator that the market may be exhausted. ZeroHedge observes, “While today’s jobs report came in a bit on the weak side … Continue reading →

8:30 am We are attending a family gathering at a northern lake for the next two days.  I will not be available for the blog tomorrow and possibly Thursday. NDX futures made a new all-time (futures) high at 14512.38 at … Continue reading →

6:30 pm During the week of May 10 I was looking for the all-time high in the equities markets.  Sure enough, the DJIA made its all-time high that very day (day 250 of that Master Cycle).  However, 5 weeks later, … Continue reading →

8:00 pm SPX nearly reached the Wave relationship where [v] equals [i] at 4291.00.  The topping formation is clearly an ending Diagonal, with overlapping Waves of (a)-(b)-(c).  It is interesting that the positive gamma generated by this week’s options expiration … Continue reading →

10:40 am SPX is now complete to the upside.  There are 5 distinct Waves in the final Wave C and its components.  In addition, The hourly Cycles Model suggests a break in the uptrend by noon today.  No guarantees, but … Continue reading →

7:05 am Good Morning! My eldest daughter is getting married tomorrow and, being the father of the bride, I have a lot of responsibilities over the next two days.  I may not be able to comment as often as I … Continue reading →

8:25 am Good Morning! SPX made the 61.8% retracement level, but may not be finished.  SPX futures are mildly positive, but no breakout above yesterday’s futures high at 4224.88.  Friday’s low appears to be the bottom of Wave 1.  Yesterday’s … Continue reading →