Category Archives: Published

12:02 pm SPX has a potential of one more probe higher, but has possible structural limitations at 4781.00.  Currently the 1987 trendline is near 4763.00-4765.00.  The daily Cycle Top resistance is at 4769.67, imposing its own limitations on the rally.  … Continue reading →

3:43 pm SPX is closing right at the cusp of a breakdown after retracing 67% of the first week decline.  This appears to be a one-off event.  As mentioned this morning, it is attempting a close at “Max Pain” at … Continue reading →

11:08 am BKX, the market’s liquidity proxy, may have made its Master Cycle high on Friday.  Although there may be a few days left in the current Cycle, the retracement structure may be complete.  Evidence of this may be a … Continue reading →

1:31 pm Today is day 246 in the current Master Cycle for BKX.  You would think there may be another two weeks before a reversal may happen.  However, it is fast approaching the 61.8% Fibonacci retracement at 98.51 which may … Continue reading →

11:33 am SPX may be at the end of a less-than Fibonacci retracement at 30.1%, a very weak rebound from this morning’s new low.  We may see the decline resume with strength within the hour.     7:45 am Good … Continue reading →

8:25 am Good Morning! NDX futures declined to 16423.00 thus far, as it searches for Intermediate support at 16242.00.  A bounce may normally occur at or above Intermediate support.  However, should it decline through that support, the 50-day Moving Average … Continue reading →

2:24 pm BKX, our liquidity proxy, may be attempting to make the 61.8% Fibonacci retracement at 98.51.  Today is day 243 in the current Master Cycle, which allows a few more days of rally either until something breaks or quarterly … Continue reading →

12:46 pm SPX has declined to the convergence of the short-term trendline and the 1987 trendline.  A break beneath the double trendline offers an aggressive sell signal.  One should not own stocks beneath that point.  The first confirmation is at … Continue reading →

10:20 am BKX is still hovering near its December 14 Master Cycle high.  It has been 9 market days since its high.  A sekl signal may be found beneath its Cycle Top at 92.41.  Be alert since a reversal may … Continue reading →

9:40 am On of the biggest beneficiaries of the Fed largesse is the banking sector.  At the end of October BKX was threatening to break through the neckline of a 4-year wide Head & Shoulders formation near 71.00.  Banks are … Continue reading →