Author Archives: tonych

9:42 am BKX is edging higher this morning as it completes its current Master Cycle.  Today is day 252, leaving only 3 more market days of possible new highs.  The financial system is showing signs of stress. ZeroHedge remarks, “The … Continue reading →

10:04 am The Ag Index (raw goods) has broken beneath the neckline of a Head & Shoulders formation spanning 5 years.  GKX has already declined beneath the 61.8% Fibonacci level aa t387.76.  But the H&S formation is being challenged, suggesting … Continue reading →

9:40 am BKX made a marginal new high this morning, but may be nearing its retracement limit.  The Cycles Model suggests a reversal may be imminent (this week).  It may be possible that news of small bank failures may be … Continue reading →

10:40 am SPX is rising to new all-time highs.  NDX is also at a new ATH.  The DJIA has not exceeded its May 20 high.  Most of the money flow for this market is coming from overseas.  There are two … Continue reading →

10:09 am The Ag Index suddenly took a dive beneath its prior low and may have triggered a Head & Shoulders formation.  Normally H&S structures occur above or beneath a Wave (1).  This pattern is beneath a Wave (3), which … Continue reading →

1:12 pm GKX, the ag index, is testing its February 24 low at 363.23, but has not ventured beneath it.  Today is day 267 in the current Master Cycle and may have produced a high probability low.  Should it decline … Continue reading →

11:10 am BKX tested Intermediate resistance at 103.86 and failed.  It has since declined beneath the 50-day Moving Average at 102.87, reinforcing the confirmed sell signal.  Ahead of it is a two-week decline that may take your brea(d)th away.  Its … Continue reading →

:45 am  Are you praying for our country? Good Morning! NDX futures are hovering in a 60-point renge on either side of 19700.00.  It is beneath the Cycle Top support/resistance at 19901.50, making it a candidate for an aggressive short … Continue reading →

7:45 am.  I am leaving this morning for an out-of-state conference.  I will return on Monday, June 24.  Good Morning!  Are you praying for our country? SPX futures have risen to an overnight high of 5516.10, precisely in the center … Continue reading →

12:43 A Fractal analysis of the NDX shows the limitations of the rally.  There are two Fractal resistances that emerge from this analysis.  The first Fractal resistance is at 20097.00, near the trendline.  The second Fractal resistance is at 20172.00, … Continue reading →