Author Archives: tonych

3:40 pm The GSCI Ag Index appears to be in a correction that may take it down to the 50-day Moving Average at 423.70.  This may be a fake-out, as speculators are accumulating these shares.  The Master Cycle may have … Continue reading →

7:45 am A globally Synchronized Crash is looming Wave 3 of Intermediate Wave (1) has just begun in the Shanghai Composite Index.  The minimum decline in Wave (1) appears to be point 6.  It may go lower.  China and the … Continue reading →

8:00 am Good Morning! SPX futures have tumbled o a low of 4171.88, challenging both Short-term support and mid-Cycle support at 4173.28.  This is the next level from which an aggressive sell signal is given.  The signal is finally confirmed … Continue reading →

7:10 am Good Morning! The S&P GSCI Ag Index is climbing higher after touching its Head & Shoulders neckline at the 61.8% retracement level last week.  The Cycles Model suggests that this uptrend may last until mid-July and that the … Continue reading →

10:55 am After rising within 4 points of its all-time high, SPX had a mini-flash crash, erasing all its gains.  This was expected and may be used as an aggressive sell signal.  The first confirmation of the sell signal comes … Continue reading →

3:10 pm SPX may have made its final probe to 4218.36, slightly higher than the EW minimum target.  The SPX can go down now.  A certain fly in the ointment suggests that the final probe may only be partially complete, … Continue reading →

1:53 pm TNX has risen above Intermediate-term support at 16.05 and has challenged the 50-day Moving Average at 16.24.  A rally above the 50-day gives TNX its buy signal.  The 7-year Note auction did well today.  The 10-ear Note auction … Continue reading →

3:15 pm Just another day left of this nonsense?  I am constantly analyzing the Cycles to see what compels the market to do what it does.  The Monthly Cycle strongly suggests that May 7 was the high for this trend.  Here’s … Continue reading →

3:40 pm SPX has spent 12 days from top to top, thus far.  It is still uncertain whether it may attempt yet another probe higher.  This much I can say… a decline beneath the double support at 4163.89 may produce … Continue reading →

8:30 am Good Morning! NDX futures are testing Friday’s high, primarily as a result of a positive options expiration.  Additional shares were bought over the weekend to “true up” Friday afternoon’s maturing options.  Those same shares are likely to be … Continue reading →