Author Archives: tonych

1:05 pm SPX bounced off the rising wedge trendline near/at 5675.00 in a throw-over.  A further decline beneath it may signal the end of the rally and offer an aggressive sell signal.   10:15 am The upward progress of the … Continue reading →

1:15 pm SPX has spent the required amount of time on this rally.  While it may take another hour or so to finish the top, a reversal may be imminent.  The first support is the upper trendline of the rising … Continue reading →

4:00 pm At the last minute SPX did something I had anticipated for a long time.  It made a Key Reversal by 21 ticks.  In this case, an inch is as good as a mile. ZeroHedge comments, “Well, once again … Continue reading →

7:45 am Good Morning! The DJIA futures have made another all-time-high this morning at 41746.10 with more room to move higher, though limited by the Cycle.  The possibility exists that the Dow may make a run to the upper trendline … Continue reading →

10:11 am BKX has reached its 50% retracement level at 111.13 this morning.  A reversal back beneath the 50-day Moving Average at 110.50 may offer an aggressive sell signal.  Another large bank takes a hit as Goldman exits the consumer … Continue reading →

8:15 am Good Morning! NDX futures remained flat overnight, as the 4-day rampage loses steam.  The Cycles Model suggests the retracement is nearly over, as visible targets (the 50-day Moving Average) have been met.  The time element of the Cycle … Continue reading →

2:30 pm SPX may be in the home stretch of this extended retracement after a 79% recovery.  This is usually the limit to the Fibonacci numbers.  In addition, SPX has made a 4.3-day retracement after an 8.6-day decline.  The Cycle … Continue reading →

2:00 pm SPX rose above the 50-day Moving Average, probing to 5514.94.  There is a minor possibility of a slight probe higher, possibly to the 50% retracement level at 5528.02.  However, the bounce has fulfilled its purpose to totally confuse … Continue reading →

9:50 am BKX is hovering above its 50-day Moving Average at 110.15 this morning.  Beneath that level is a confirmed sell signal.  While stocks are beginning to show the effect of the unwinding of the Yen carry trade, the banks … Continue reading →

8:00 am    2 Chronicles 7:14  “If my people, which are called by my name, shall humble themselves, and pray, and seek  face, and turn from their wicked ways; then will I hear from heaven, and will forgive their sins, and … Continue reading →