Author Archives: tonych

3:45 pm SPX made a nominal new high at 4194.17.  The rally appears to be complete. NDX did not make a new high and its retracement appears complete. INDU did not make a new high and it’s retracement also appears … Continue reading →

4:00 pm Suspenseful, isn’t it?   3:00 pm As the final hour approaches, will we see buyers step up to the plate…or sellers?  The indices bounced back to the short-term trendlines, but have not exceeded them.   Further selling here may … Continue reading →

12:24 pm SPX has made a 59% retracement of the decline thus far.  A move above this level suggests that the “short squeeze” may have turned into a buy-the-dip fest by retail investors.  The result may be a rally to … Continue reading →

11:55 am ZeroHedge Reports, “Less than a week ago we reported that after Morgan Stanley and BofA, Deustche Bank joined the growing bandwagon of sellside researchers warning that the market is facing a period of severe turbulence, investors appear to be heeding … Continue reading →

2:32 pm VIX has been challenging its trendline at 18.30 today.  While most investors won’t infer a buy signal in the VIX until it rallies over 25.00, crossing the lower trendline suggests the decline is over.  It may be a … Continue reading →

7:20 am Good Morning! NDX futures lagged in the overnight session until 6:00 am, when it began to surge to a new futures high, just in time for Index options expiration at the open.  Open interest in index calls at … Continue reading →

12:00 pm An interesting move in TNX on day 252 of the Master Cycle.  It may be declining to 14.97, the bottom of Wave [a] to create an Expanded Flat correction.  As usual, the trend-followers have tired of their UST … Continue reading →

3:04 pm Using the Cycle Top trendline as an Ending Diagonal, we may take a small (aggressive) short position here.  There’s a long way to go to get confirmation, so patience is still the key word. ZeroHedge observes, “Having surged … Continue reading →

9:55 am NDX just made a new all-time high, confirming the Ending Diagonal formation in it, also.  It appears that the Cycle Top resistance at 14058.60 may be the stopper.  A nearby trendline (not shown) is at 14100.00.  Standby for … Continue reading →

1:23 pm The tension may have eased with the TNX today after a mediocre auction.  At least no sparks were flying.  The current Master Cycle ends on options expiration.  We may see a test of the 50-day Moving Average at … Continue reading →