Author Archives: tonych

11:19 am BKX, our liquidity proxy, is consolidating above the 50-day Moving Average at 92.45 as the decline may not be capable of postponement much further.  A world-wide banking crisis is developing and the gravity of the economic black hole … Continue reading →

9:47 am BKX remains on a confirmed sell signal as it hovers above the 50-day Moving Average at 92.26.  Beneath that level is a commonly recognized sell signal.  The Cycles Model suggests the decline may continue through the end of … Continue reading →

9:30 am Good Morning! The markets woke up this morning to a stunning payroll report.  SPX futures had risen to an overnight high of 4942.10 before the report, but opened near flat.  Confusion reigns.  An aggressive sell signal awaits the … Continue reading →

10:23 am (amended) BKX has crossed beneath the Diagonal trendline and Intermediate support at 95.38, putting BKX on a confirmed sell signal.  The January 30 Master Cycle high indicates a reversal is being made.  Many analysts may recognize the sell … Continue reading →

2:30 pm NDX has declined through its Cycle Top at 17252.00, putting it on an aggressive sell signal. ZeroHedge remarks, “Since The Fed’s (uber dovish) last meeting on December 13th, the dollar is down, bonds and gold are up, and … Continue reading →

1:42 pm BKX is making its final probe toward the 61.8% Fibonacci retracement value nine months after its last waterfall event.  Today is day 271 from the day of its panic low on May 4, 2023.  A new panic event … Continue reading →

8:00 am Good Morning! NDX futures remain flat near 17400 over the weekend.  A top has been made at 17665.26 on Wednesday, day 273.  Since then, NDX has eased back into “neutral” near 17400.00, neither making new highs nor breaking … Continue reading →

8:00 am Good Morning! NDX futures rose to 17474.80 this  morning after making its All-tim closing high yesterday.  The All-time intraday high was made on Wednesday.  Levels to watch for are the Cycle Top, at 17166.88, where an aggressive sell … Continue reading →

2:18 pm BKX, our liquidity proxy may have topped out its retracement at 96.66.  Should it remain beneath its Cycle Top resistance at 96.35, it may create an aggressive sell signal.  Confirmation of the sell signal lies beneath Intermediate support … Continue reading →

3:28 pm SPX appears to be making a round trip back to the flat line.  Just be aware that the daily Cycle Top is at 4820.00 where an aggressive sell may be made.  We may have just seen the blow-off … Continue reading →