Author Archives: tonych

    1:46 pm The question “Who’s on first?”  is being answered today.  I had previously commented about the unusual flow of liquidity in the markets.  But the behavior of the market tells us some big player was (or soon … Continue reading →

3:30 am This is like reporting on a runaway train.  It is on the same track, just gone further.  I had mentioned a seventh reversal may happen instead of five.  Such is the case.  Prepare for a 12.9-market day decline. … Continue reading →

8:20 am Good Morning! SPX futures are now beneath the Lip of the Cup with Handle formation at 3650.00, having reached a low of 3632.40 thus far.  The probability is that the formation is being activated with the anticipation of … Continue reading →

1:55 pm SPX has tumbled beneath Short-term support at 3672.00 for the second time in two days and has made a lower low.  The next support lies at 3650.00, where short gamma intensifies. Zerohedge informs us, ” Short term options speculation … Continue reading →

1:40 pm TNX has spiked higher, partially due to the Band of England putting bonds on the market in November ad partially due to the reaction the bond market in the US has received.  Today’s 20-year Treasury auction is the … Continue reading →

1:30 pm SPX opened…and peaked today at the completion of market day 43 from the June 16 top…to the hour.  This leaves us 17.2 market days of (panic) decline to complete Primary Wave [3] in a 60.2 market day Cycle.  … Continue reading →

10:40 am BKX rose above the lesser trendline at 100.00 as the short squeeze got a new lease.  However the sell signal is at 100.00 and the Head & Shoulders neckline is at 97.00.  The decline may resume until the … Continue reading →

12:00 pm The beginning of earnings season (read: here and here) has not been kind to banks as we are seeing a reversal from yesterday’s short-covering surge.  It is still bearish, despite the rally, and especially so, now that it … Continue reading →

3:05 pm SPX was slowed at short-term resistance at 3675.00, then moved on to test the 50% retracement at 3687.21.  Gap resistance is at 3706.00.  I still view this as a retracement of the decline. ZeroHedge comments, “A little over … Continue reading →

10:18 am BKX, our liquidity proxy, dipped lower this morning before a small bounce.  The current Master Cycle is due to extend to mid-November, indicative of the Panic Cycle due or taking place in other markets, including our own stock … Continue reading →