Author Archives: tonych

8:30 am Good Morning! NDX futures slid beneath 16000.00, declining to 15975.00.  Today is day 253 in the Master Cycle, leaving an approximate week of possible gains in the rally.  The Cycles Model suggests that, should the rally use this … Continue reading →

8:20 am Good Morning! SPX futures are consolidating beneath Wednesday’s high on day 247.  Today is day 252, leaving this week as a possible turn window, if not already.  Seasonality may keep SPX elevated this week.  However, the index is … Continue reading →

10:36 am BKX, our liquidity proxy, is probing near the 61.8% Fibonacci retracement level at 83.18.  It has exceeded the mid-Cycle resistance at 81.61, which may be used as a sell signal on the way lower.  The Cycles Model proposes … Continue reading →

8:00 am Good Morning! US Tech futures are lower this morning, to 15757.00.  Be aware that there is minor support at 05725.00, beneath which no support can be found to 15535.00.  This may lend itself to a gap down, leaving … Continue reading →

12:10 pm BKX is nearing its 61.8% Fibonacci retracement at 83.78.  After some consideration, I have concluded that this bounce is merely a two-week “bump” in the down trend.  Prepare for a decline similar to, if not greater than, the … Continue reading →

12:42 SPX has made the 61.8% Fibonacci retracement value of the decline since July 27.  This is a common retracement value for a Wave (2) retracement.   7:45 am Good Morning! SPX futures declined to 4393.00 over the weekend, but … Continue reading →

8:30 am Good Morning! SPX futures bounced off the 50-day Moving Average at 4346.49 to 4361.50 this morning in a likely test of the descending trendline.  Yesterday’s high was on day 241 in the SPX.  However, it was day 251 … Continue reading →

3:55 pm SPX has broken out of the gap, creating an aggressive sell signal.  Once beneath the 50-day Moving Average at 4346.50, the sell signal is confirmed. ZeroHedge reports, “Complete disaster. That’s the only way one can describe today’s 30Y … Continue reading →

2:45 pm Please note:  I will be absent from this blog for the entire day tomorrow, November 8.     12:15 pm On November 3, I mentioned, “SPX is meeting fierce resistance at the September 21 gap beginning at 4375.70 and … Continue reading →

11:13 am BKX (refresh to update) may have begun its reversal after making a Master Cycle high on Friday.  The Cycles Model infers a month of decline lies ahead. ZeroHedge remarks, “Bank stocks soared this week (along with everything else) … Continue reading →