Author Archives: tonych

3:25 pm GKX has attempted to make a new high yesterday, but failed by just a few ticks.  I have marked the low on day 247 of the Master Cycle.  Today is day 252, so there is still a chance … Continue reading →

2:04 pm BKX is challenging the neckline of the Head & Shoulders neckline.  A close beneath 97.00 triggers the formation.  The next Master Cycle pivot occurs at the end of October.  A probable target for October may be 89.00.  A … Continue reading →

9:20 am The Ag Index has about a week left in the current Master Cycle.  It is currently held aloft by the 50-day Moving Average but may decline further due to a decline in liquidity.  This is a good time … Continue reading →

7:50 am Good Morning! NDX futures are lower, having reached a low of 11465.10 this morning.  Yesterday’s bump higher may have delayed this Cycle low to a Tuesday-Wednesday time frame.  The unusually long Wave 4 was options driven and may … Continue reading →

1:50 pm ZeroHedge observes, “What goes up must come down. With financial conditions going from super tight to rather easy… … in literally 48 hours as markets soared after pricing in a Fed pivot (again), in the process making a Fed … Continue reading →

10:10 am The rally in equities may be an offshoot of the effort to keep banks liquified.  Most investors think that the banking crisis is a European problem.  It is not.  We just haven’t seen any domestic banks tell of … Continue reading →

3:30 pm ZeroHedge observes, “Picking up on something we pointed out earlier, namely that after pricing in as much as 20bps of rate hikes in Q1, the market is now once again expecting a rate cut in the first quarter of … Continue reading →

3:40 pm SPX has made a new low and is challenging the Lip of the Cup with Handle formation.  We may see the SPX reach 3400.00 in the next week or so whether it closes above or beneath the trendline … Continue reading →

3:15 pm SPX may be bouncing off the trendline at 3610.00 at this time.  All indications are that the decline may continue, whether crossing the trendline before the close or overnight. ZeroHedge comments, “To quote Jim Cramer, “they have no … Continue reading →

11:52 am SPX may be completing its bounce to yesterday’s high at 3717.53 where strong resistance lies.  Today’s day of strength appears to be the exact opposite of yesterday’s day of weakness where it tested the larger Lip of the … Continue reading →