Author Archives: tonych

9:45 am The Ag Index is in a correction/consolidation that may only last about two more weeks.  This may be the last chance to buy shares of a commodity that may double in the next six months.  As they say, … Continue reading →

1:40 am The range of the SPX appears to be defined by the Lip/Neckline at 4200.00 on the bottom and Short-term resistance at 4292.88 at the top (Max Pain zone is at 4280.00).  Today’s options go negative at 4250.00, so … Continue reading →

8:00 am Good Morning! SPX futures have declined to a low of 4229.80 as I write, giving back nearly half of yesterday’s bounce before the open.  This attests to the grip that the dealers and hedge funds have on the … Continue reading →

12:32 pm SPX may have stalled near the 50% retracement level at 4287.32 at the 4.3-day mark from the Wave 2 high.  The dealers and hedge funds may have quit covering their shorts (buy high and sell low).  The main … Continue reading →

12:21 pm SPX opened lower, but formed a corrective bounce that has come within points of a 38.2% retracement at 4256.77.  The 50% retracement is at 4287.32, but I wouldn’t count on it.  The decline may soon be re-established after … Continue reading →

3:23 pm Liquidity is leaving equities quickly as BKX indicates today.  It crossed the neckline on Friday and is now on its way to a minimum 20% decline from the neckline.  The 2-year Ending Diagonal formation and the Orthodox Broadening … Continue reading →

12:20 pm GKX appears to have completed its Wave 5 of (1) today at 579.02 on day 253.  It may still rise for a few days, but taking profits may be the better option.  Sell all Ag-related ETFs.   12:02 … Continue reading →

12:58 pm We may have seen the Wave 2 high in stocks at 10:00 am as recent good news could not “pop” the index to new highs.   Today is day 258 in the Master Cycle, so be on the alert … Continue reading →

4:40 pm The Cycles Model has been a puzzle to me until today.  It had projected a Master Cycle Pivot on Thursday, March 3.  I had anticipated a low on that day.  However, the VIX and Hi-Lo don’t agree.  Today’s … Continue reading →

12:48 pm BKX is descending toward the Neckline of its Head & Shoulders formation at 126.25.  As a proxy for liquidity,  BKX shows cash exiting the markets to the point of being critical.   11:42 am TNX has completed its … Continue reading →