Author Archives: tonych

11:24 am SPX is challenging the downtrend line at 4025.00.  A close above that implies a potential extension of the rally for as much as 2 more weeks in a panic rally driven by long gamma.  However, it is also … Continue reading →

1:09 pm SPX has met its 38.2% Fibonacci resistance and daily mid-Cycle resistance (not shown) at 3935.00 and appears to be pulling back. The 50% retracement value is 3950.61.  It has met the required Cyclical time period of three days … Continue reading →

6:40 am Good Morning! I have a breakfast appointment and ay not return until after the open. SPX futures have continued their decline overnight, reaching a low thus far at 3888.00.  The 50-day Moving Average has been breached at 3916.00, … Continue reading →

12:52 pm SPX has given a sell signal… NDX has also declined beneath its Intermediate-term suort at 11495.00, giving a sell signal.   9:46 am BKX may have made its Master Cycle high yesterday, on day 274.  The Cycles Model … Continue reading →

3:28 pm SPX short covering is showing fatigue after this morning’s brief foray above 4000.00.  The formation is an Ending Diagonal that may signal a reversal at the break of the lower trendline at 3980.00.  The Cycles Model calls for … Continue reading →

1:30 pm ZeroHedge remarks, “While some were more interested how banks did in Q4 – a quarter which we already knew would see catastrophic banking revenues (due to the lack of IPOs and bond offerings thanks to the plunging market), … Continue reading →

9:10 am SPX spiked higher on the “in line” CPI print.  It challenged the 200-day Moving Average at 3987.35, then reversed.  This may trap “lazy long” investors who may not be ready for a Key Reversal ( when the share price … Continue reading →

3:09 pm TNX faded after 10-year auction, then stabilized.  The Cycles Model remains neutral at this point, but the uptrend may resume. ZeroHedge comments, “One day after what may have been the strongest 3Y auction in history (and if not, … Continue reading →

10:10 am BKX, our liquidity proxy, made its Master Cycle high yesterday, on day 266.  Today may be the beginning of the decline from the mid-Cycle resistance at 105.81.  Confirmation of the decline and sell signal may be had beneath … Continue reading →

1:18 pm SPX may have reversed from the mid-Cycle resistance at 3950.82.    The reversal may be confirmed with a decline beneath Intermediate-term support at 3925.00 or the 50-day Moving Average at 3904.29.   9:50 am The Ag Index has … Continue reading →