Category Archives: Published

October 19, 2021

8:00 am Good Morning! SPX futures are now above 4500.00 as Intermediate Wave (B) continues its ascent on borrowed (literally) time.  Today is day 262 of the current Master Cycle.  Since Cycles are organic, so inputs, such as cash, tend … Continue reading

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October 18, 2021

7:50 am Good Morning! SPX hit its lesser targer at 4475.00 on Friday, day 259 of the Master cycle.  Friday was calendar day 43 from the all-time high.  Now for the decline. SPX futures made a low of 4450.10 this … Continue reading

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October 15, 2021

7:30 am Good Morning! My wife and I are leaving for a “destination wedding” at Boyne Falls this weekend.  The colors should be magnificent. SPX futures rose to an overnight high of 4457.80 where Wave [v] of C is .62 … Continue reading

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October 14, 2021

1:30 pm SPX has reached its target (Max Pain) allowing a minimum payout by the dealers and hedge funds.  By 3:00 pm, it will have completed a half-Trading Cycle  of 30.1 market days and 43 calendar days from the all-time … Continue reading

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October 13, 2021

2:33 pm While we were watching the SPX, another indicator has turned.  The BKX, a proxy for market liquidity, has reversed down from Monday’s high and the Cycle Top resistance at 140.05.  A Master Cycle reversal may be considered a … Continue reading

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October 12, 2021

1:35 pm Today’s action in the TNX may have confirmed last Friday’s Master Cycle high.  The Cycles Model now suggests a possible 5-week pullback in bonds.  This may be due more to a knee-jerk reaction to a sell-off in stocks … Continue reading

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October 11, 2021

11:05 am Theepochtimes comments on food prices, “Food prices across the world have risen to their highest levels in a decade on the back of tightening supply conditions coupled with robust demand, according to the Food and Agriculture Organization of the … Continue reading

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October 8, 2021

8:00 am Good Morning! SPX futures are hovering near 4400.00 this morning, no doubt due to the influence of options expiration at the close today.  At 4400.00, there is open interest of 5,833 call contracts and 4599 put contracts.  beneath … Continue reading

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October 7, 2021

11:30 am SPX overshot beyond the 17.2 hour time allotted and the 50% retracement level at 4412.00.  However it did fall short of the 61.8% retracement level at 4440.00 an the 50-day Moving Average at 4438.00.  The basic analysis remains … Continue reading

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October 6, 2021

3:20 pm As a further evidence of a bearish structure, the NYSE Hi-Lo Index opened negative and remains so going into the close.  The adjusted reading (sans the ETFs), which will not be available until morning, may be considerably more … Continue reading

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