Category Archives: Published

1:13 pm VIX is challenging its 50-day Moving Average at 18.46.  However, there is a triple resistance in very close range (18.74) that must be overcome to confirm the buy signal.   A breakout here would be nice, but there is … Continue reading →

7:50 am Good Morning! SPX futures are positive, but no new high was made this weekend.   SPX closed Friday above its Cycle Top support at 4690.03, leaving it capable of going higher.  Today is day 249 of the Master Cycle … Continue reading →

10:00 am The GSCI Ag Index is in a pullback, which is counter-intuitive while equities are melting up.  The 43-week Moving Average at 410.55 puts a baseline under the uptrend, limiting potential pullbacks.  The 50-day Moving Average is at 417.17, … Continue reading →

8:15 am Good Morning! Just when the market reaches its upper trendline (Cycle Top) it has a throw-over.  SPX futures hit a new all-time high of 4667.70 this morning.  Today is 31 calendar days from the October 4 low.  The … Continue reading →

10:50 am Crude Oil futures slipped beneath the Cycle Top support at 81.93 this morning.  This would be considered an aggressive sell signal.   The Cyclse Model projects a possible low occurring the week after options expiration. ZeroHedge reports, “Oil prices … Continue reading →

9:20 am Good Morning! SPX futures reached an overnight high of 4617.70, not wanting to giv up its perch near Monday’s high.  Wednesday’s options are very light, but bullish above 4595.00.  Options gamma may not influence the SPX as strongly … Continue reading →

7:30 am I will not be blogging on Monday, November 1.  I will be attending my mother’s funeral. Good Morning! SPX futures came down to a morning low of 4567.50.  Today is day 275 in the Master Cycle, after which … Continue reading →

10:01 am BKX, our liquidity proxy, has fallen beneath its Cycle Top at 139.91, putting it on an aggressive sell signal.  The tightening trading bands suggest a strong move down should the Cycle Top resistance hold.  This is the one … Continue reading →

3:45 pm  A website outage occurred shortly after this was posted. 6:00 pm, TNX futures dropped to 15.20 before bouncing to 15.50 this evening, possibly completing its Wave [ii] correction.  This prepares it for the burst of strength tomorrow and … Continue reading →

11:44 am VIX did not make a new low this morning and does not appear to agree with the ramp in the SPX.  Wave (C) of Primary Wave [3] are wonders to behold, paraphrasing from Robert Prechter in Elliott Wave … Continue reading →