Author Archives: tonych

8:30 am  Sorry for the delay.  Internet issues being resolved. Good Morning, NDX futures have fallen back beneath short-term support at 15906.84, but appears to be bouncing.  NDX is on an aggressive sell and is expected to show increased volatility. … Continue reading →

10:31 am BKX, our liquidity proxy, has met its Cycle Top yesterday at 88.56 on day 257 of the Master Cycle.  It has made a Key Reversal, as well.  The month-long rally in BKX mirrored the decline in TNX within … Continue reading →

10:50 am BKX has hit the Cycle Top at 88.56 this morning and may be in reversal, as it has declined to 88.04 as I write. 9:46 am BKX, our liquidity proxy, is fast approaching its nemesis, the Cycle Top … Continue reading →

10:45 am GKX appears to be on a buy signal, but with only 1-2 weeks left in the current Master Cycle, there is a risk of another low.  Liquidity is becoming rarer and some domestic agricultural commodities are still declining. … Continue reading →

3:50 pm BKX is nearing its Cycle Top resistance at 88.43 today, day 255.  That means a high likelihood of a reversal tis week.  The Head & Shoulders target is still active and may influence the outcome of the new … Continue reading →

2:30 pm SPX may have hit its final resistance at 4600.00 that I had announced on Monday.  Let’s see if it sparks a reversal.  Another interesting point.  At 1:00 pm today the SPX concluded exactly 31.42 market days (PI = … Continue reading →

2:55 pm As mentioned before, NDX may be the first index to give a sell signal.  Be prepared for a bounce to 16000.00-16060.00 before a larger reversal down.  A decline beneath short-term support at 15744.00 confirms the aggressive sell.  The … Continue reading →

7:45 am Good Morning! My vision is coming back, but not 100%.  I will do my best to give a shortened summary. NDX futures are consolidating beneath Last Wednesday’s high.  Since NDX has lost its leadership in the rally, it … Continue reading →

10:25 am BKX, our liquidity proxy, has been repelled from the 200-day Moving Average, currently at 83.11, twice thus far.  It may be considered on an aggressive sell signal with confirmation at the mid-Cycle support/resistance line at 80.90.  The Fed … Continue reading →

8:10 am Good Morning! NDX futures rose to 16011.00 this morning as the index continues to consolidate beneath Monday’s high at 16056.76.  Yesterday’s action may have caused an island reversal, leaving a gap between Tuesday’s open at 15951.00 and Monday’s … Continue reading →