Author Archives: tonych

10:35 am The Ag Index is testing its lower trendline prior to a final plunge to its 61.8% retracement low at 387.76 or, its Wave (4) technical support at 380.54.  The Cycles Model suggests this may take place in the … Continue reading →

9:00 am Good Morning! SPX futures are flat this morning, trading beneath its Cycle Top resistance at 4404.2.  It remains on an aggressive sell signal on day 270 of the Master Cycle.  The high at 4458.48 was made on June … Continue reading →

8:00 am Good Morning! US Tech futures hovered just above 15000.00 this morning as they await the monthly Employment Situation Summary due at 8:30 am.  The NDX tested the Cycle Top support at 14963.00, but did not decline beneath it.  … Continue reading →

11:56 am VIX has given us an unambiguous buy signal as it rallied above the 50-day Moving Average at 15.94.  Trending strength has finally arrived and may help propel the VIX higher over the next tow months.   11:46 am … Continue reading →

12:20 pm The rally in the BKX appears to have fizzled on June 13 as the knock-on effect appears to be the narrowing of leadership in all the other indices.  The NDX and SPX only have 5 companies on which … Continue reading →

10:30 am The Banking Index may have reached another Master Cycle high this morning as it may have completed a 70% retracement of its decline from its June 14 high at 83.38.  The Cycles Model now suggests a 2-month decline … Continue reading →

9:30 am BKX just plunged beneath the 50-day Moving Average at 79.15 and Intermediate-term support at 78.25 to confirm a sell signal.  Something may emerge in the Banking Sector that constricts liquidity.  The Head & Shoulder target is still valid. … Continue reading →

12:38 pm SPX has completed an impulsive decline and is due for a retracement.  The 50% retracement value is very near 4400.00, as is other overhead resistance.  Should that be the retracement target, we may see the rally continue another … Continue reading →

7:45 am Good Morning! NDX futures are approaching 15000.00 in their decline.  A decline beneath this may reinforce the aggressive sell signal given by the Cycles Model.  Further bolstering of the aggressive sell lies beneath the Cycle Top at 14462.55.  … Continue reading →

10:12 am The Ag Index is taking a breather after it run-up from the Master Cycle low on June 13.  It is on a buy signal that may show trending strength through mid-July.  It is still early enough to accumulate … Continue reading →