Author Archives: tonych

2:10 pm SPX tested Short-term resistance at 4224.12 and pulled back.  That may be a sufficient move for a reversal.  Make sure that you have at least a partial short position, although I would venture to say that this is … Continue reading →

7:45 am Good Morning! NDX futures remained glued to the Cycle Top at 14197.84 during most of the overnight session.  Tis morning near 6:30 am the futures began their descent, but remain above 14100.00 as I write.  The trendline at … Continue reading →

7:45 am Good Morning! NDX futures sold off to 13842.12, then bounced to 13939.88 ion a partial recovery.   It is on a sell signal with further confirmation at the 50-day Moving Average at 13689.74.  The immediate target is the March … Continue reading →

3:14 pm TNX has broken above its 100-day Moving Average and is testing the 50-day Moving Average at 15.98.  With the Master Cycle low last Friday, an aggressive buy signal (Sell UST) with confirmation at the 50-day.  Friday appears to … Continue reading →

3:45 pm TNX remains fixed at the 100-day Moving Average during a 20-year auction which just closed at 1:00 pm.  This comes in the category of, “What were they thinking?” ZeroHedge reports, “Coming several days after the trifecta of benchmark … Continue reading →

10:30 am That resolved quickly.  VIX made a new Master Cycle low this morning at 15.04 and quickly reversed on a belated day 271 of its Master Cycle.  While SPX and NDX haven’t made any sizeable moves yet, the VIX … Continue reading →

7:30 pm TNX may have made its Master Cycle low today at day 255 in the Cycle.  The Elliott Wave structure also appears complete.  While there may be a small probability of a further low on Monday,  the highest probability … Continue reading →

9:45 am Back in April I had posted a target for the SPX at 4250.00.  Then I forgot about it as The May 7 high rolled by.  Well, it was resurrected this morning. ZeroHedge proclaims, “Traders bid up US equity … Continue reading →

2:59 pm TNX swept past the 100-day Moving Average at 14.87, then bounced back for a retest.  There may be another probe lower before the retracement is over.   Today’s 10-year Treasury auction benefitted from this move.  How will those buyers … Continue reading →

11:10 am BKX has broken its 8.6-month trendline near 135.00 and may be considered on a sell signal.  Intermediate-term support is at 130.40 and the 50-day Moving Average is at 127.66 for those seeking more confirmation.  BKX is the proxy … Continue reading →