Author Archives: tonych

1:46 pm TNX is still beneath its Cycle Top at 42.22, but received a jolt this afternoon in the form of a “Disastrous 10-Year Auction.”  Reception was so poor tat dealers had to take 24% of the offering.  They, in … Continue reading →

10:56 am Last week I had warned that crude oil may give a false signal to the upside.  Yesterday it did just that, exceeding its prior high and completing its Wave 4 formation and Master Cycle (day 266).  This is … Continue reading →

1:155 pm SPX has reached the halfway point in this hourly Cycle.  There may be a sharp probe toward the 50-day, but the rest of the Cycle may be very sharply down.  No one will be ready for what comes … Continue reading →

8:10 am Good Morning! Note:  I may be unable to report on my blog tomorrow due to pressing family matters. NDX futures declined to a morning low of 10780.00 thus far.   The next support level is at 10700, where a … Continue reading →

11:23 am SPX has been challenging the 50-day Moving Average at 3838.27 this morning.  Beneath that is a sell signal.  However, as long as it straddles the line, there is a chance of a quick move to the 2-hour Cycle … Continue reading →

11:40 am SPX is now testing the 50-day Moving Average at 3843.00.  A sell signal lurks beneath that level.  While the shorts are being cautious, today’s reversal may rule out the potential for a continued rally, as this morning’s probe … Continue reading →

9:46 am The Agriculture Index rose out of its 269-day Master Cycle low this morning.  The Cycles Model calls for a potential rally lasting about 3 weeks.  This may be an aggressive buy signal.  Once it rallies above its 50-day … Continue reading →

2:05 pm SPX may be completing the final Wave of Minute Wave [c] near 3900.00, which is round number resistance.  Another resistance nearby is the 100-day Moving Average at 3910.00.  The current Cycle has taken 51.6 days from the August … Continue reading →

6:30 am I will be out of town to attend the funeral of my uncle.  Here are a few early thoughts. SPX futures rose to an overnight high of 3856.00, but have since receded to the flat line as I … Continue reading →

3:33 pm NDX as reversed and fallen beneath Intermediate-term support at 11447.00, creating an aggressive sell signal.  Confirmation lies at the Lip of the Cup with Handle formation at 11045.00.  Intermediate Wave (C) of Primary Wave [3] promises to be … Continue reading →