Author Archives: tonych

9:40 am BKX has remained under its December 14 high, but seems hesitant to decline further.  There may be the possibility of an inversion, as the powers-that-be attempt to keep interest rates low and bank stocks elevated.  However, the probability … Continue reading →

7:45 am Good Morning! NDX futures bounced to a morning high (thus far) of 16689.60, short of the Cycle Top resistance of 16751.05.  The Cycle Top is now critical resistance to the rally.  There is a rising trendline near 16450.00 … Continue reading →

3:35 pm SPX has made a stunning reversal, declining beneath the 1987 trendline at 4743.00 for an aggressive sell signal.  The next support is the Cycle Top at 4702.00 (not shown) which adds confirmation to the aggressive sell.  Regardless of … Continue reading →

11:39 am After a bit of investigating I concluded tat the December 1 high at 4599.39 in the SPX may have been the Master Cycle high on day 263,  This Master Cycle high was visible in all the stock indexes.  … Continue reading →

8:00 am Good Morning! NDX futures are consolidating just beneath their Cycle Top at 16669.77.  Friday’s high at 16669.77 may be the Master Cycle high, on day 275.  The Master Cycle has been stretched due to options expiration on Friday.  … Continue reading →

3:42 pm Today may be the beginning of the reversal in BKX.  The Head & Shoulder may still be in effect, forecasting a powerful decline.  Be prepared for what that may entail. ZeroHedge remarks, “The exodus from The Fed’s reverse … Continue reading →

2:45 pm I have been challenged to show the complete 1987 trendline.  It has been problem since my charting service generally begins at January 1, 1990.  I finally found a way to allow the chart to go back to 1987, … Continue reading →

1:28 pm SPX has given up its morning gains.  There is no signal yet, but here are some levels to consider:  (1) A decline beneath 4600 may produce a Key Reversal which is considered a reliable sell indicator by many … Continue reading →

8:00 am Good Morning! NDX futures made an overnight high of 16270.70 as it relentlessly powers higher on day 274 of the current Master Cycle.    The liquidity hose is running dry with buybacks ending this week.  It will all … Continue reading →

9:56 am BKX, our liquidity proxy, has slipped beneath its Cycle Top at 88.88.  Friday’s peak at 88.95 was on time at day 259.  Although there is an outside possibility of probing to the neckline at 90.50, the upside risk … Continue reading →