Author Archives: tonych

7:40 am NDX futures rose to a weekend high of 13388.40, not able to exceed Friday’s high inside the Ending Diagonal formation on day 269 of the Master Cycle.  Today is day 272.  NDX may be at the point where … Continue reading →

9:00 am BKX continues to deteriorate beneath the Cycle Bottom resistance at 76.08.  The Cycles Model continues to suggests a bottom may be in by mid-June.  However, the stand-off on the debt ceiling may extend that period, as indicated by … Continue reading →

7:00 am Good Morning! This chart has given me some sleepless nights as of late, so here goes… First, a look at the technical side.  There is a Head & Shoulders formation ongoing for the past 30 months.  Most analysts … Continue reading →

8:15 am Good Morning! NDX futures are hovering, awaiting the CPI report and parsing what that may mean for interest rates.  The Master Cycle high was a week later than that of the Blue Chips.  As the tech-heavy generals go, … Continue reading →

7:45 am Good Morning! NDX futures have slid from a lated Master Cycle high on day 265, one week after the SPX high.  Normally, NDX would lead the SPX at important junctures.  However, the flight to “safety” in the mega-tech … Continue reading →

10:15 am The Ag Index broke through both the trend line and Cycle bottom to begin what may be the strongest rally yet after 7 months of decline.  Should GKX break out, the rally may last until the end of … Continue reading →

8:15 am Good Morning! NDX futures bounced from the Intermediate-term support at 12948.00 to the 38.2% retracement level this morning at 13073.60 thus far.  The Cycles Model and Elliott Wave structure both agree that a much larger decline is now … Continue reading →

1:29 pm SPX has bounced near its 50-day Moving Average at 4037.78 and has tested the trading channel at 4082.61.  It is now headed lower.  The first support that may halt the decline is the 200-day Moving Average at 3962.31.  … Continue reading →

8:10 am Good Morning! NDX futures rose to 13154.60 this morning. a 45% retracement (thus far) of yesterday’s decline.  We may expect a calm market before the FOMC  announcement unless more bad news develops.  There is a tendency to lean … Continue reading →

10:39 am SPX has declined beneath its Short-term support at 4125.77, creating an aggressive sell signal.  Further confirmation of the sell signal may come at the trend channel lie at 4075.00 and the mid-Cycle support at 4061.89. ZeroHedge reports, “Weak … Continue reading →