Author Archives: tonych

8:00 am Good Morning! SPX futures declined to 4094.50, then bounced this morning.  On Friday it closed beneath the 2-hour Cycle Top, giving an aggressive sell signal.  This may appear to be tenuous, since the next nearest support is the … Continue reading →

2:57 pm SPX has slipped beneath the 2-hour Cycle Top support, allowing an aggressive sell signal. ZeroHedge remarks, “Financial Conditions are loosening faster than a teenage boy’s pants in a whorehouse – even after today’s early dump and pump on ‘good’ … Continue reading →

2:02 pm VIX may be on its way to a Key Reversal day. It made a new low, touching the Cycle Bottom support, reversing from that low.  It has since exceeded the prior day’s close at 17.87, fulfilling the requirements … Continue reading →

3:10 pm The “mild” report has goosed sentiment enough to spark a melt-up  in SPX that may end in tears.  The 50% retracement value of last year’s decline is 4142.00.  Weekly mid-Cycle resistance (not shown) is strong at 4165.00.  Either … Continue reading →

12:12 pm While SPX futures have declined beneath the trendline at 4010.00, the cash market has not.  This morning’s bounce keeps the SPX in positive territory…yet.  However, beneath the trendline lies an aggressive sell signal.  Confirmation of the sell signal … Continue reading →

7:00 am Good Morning! NDX futures are lower this morning. The bullish signal may be changing to bearish this morning since NDX is challenging the trendline at 12000.00.  A close beneath  12000.00 would confirm it.  Technically, NDX may have met … Continue reading →

3:36 pm BKX may have met its Master Cycle high today on day 259 of its Master Cycle.  The Cycles Model suggests a burst of negative energy early next week.  Banks are facing troubles on multiple fronts and the Cycles … Continue reading →

10:30 am NDX is nearing its down-trend line near 12100.00 this morning on day 251 of the Master Cycle, reaching a morning high at 12018.41 thus far.  We are just a week away from the scheduled top, but may come … Continue reading →

9:57 am SPX declined through the 200-day Moving Average at 3961.00 (not shown), giving a sell signal.  The next level of support is the 50-day Moving Average at 3935.00.  Mid-Cycle support lies at 3920.00.  Intermediate-term support at 3910.00.  SPX has … Continue reading →

11:05 am BKX, our liquidity proxy, may have made its Master Cycle high yesterday , on day 255.  There is still a possibility of exceeding its November 11 high at 110.57 in the next few days.  If I were a … Continue reading →