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Stock and Bond Market Possible Major Cycle Inflections

Stock-Markets / Stock Markets 2013 Oct 18, 2013 - 06:40 PM GMT

By: Anthony_Cherniawski

Stock-Markets

TNX is nearing the end of its Intermediate Wave (4) decline. In fact, if the hourly Cycle Bottom at 25.75 is final support, it may have reached its target this morning. In fact, the rally in yields may resume through the month of January. This suggests that the bond market is becoming more and more uneasy about the next debt ceiling debate.


The USD made a new low yesterday. Today is day 256 of the current Master Cycle, suggesting that we may see the low today. What was and (A)-(B)-(C) decline has turned into a zigzag, which isn’t uncommon when the market is buying time. Today may see the final low in the US Dollar.

Today may be the final day of the SPX rally. The upper target is still 1751.00, but the Wave pattern appears finished.

VIX may be finishing its Minor Wave 2 correction this morning. If you are wondering why the correction was so low, it may be because the VIX made an early Master Cycle low. Today is the last day of week 258 from the November 21, 2008 multi-decade-long high at 89.53. I have been stating that the VIX and the US Dollar are the dominant Cycles. SPX is taking its cue from these cycles, as opposed to the SPX/Liquidity Cycles being dominant five years ago.

Today is a major Pivot day for SPX also. Things may become very interesting quickly.

Regards,

Tony

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As a State Registered Investment Advisor, The Practical Investor (TPI) manages private client investment portfolios using a proprietary investment strategy created by Chief Investment Officer Tony Cherniawski. Throughout 2000-01, when many investors felt the pain of double digit market losses, TPI successfully navigated the choppy investment waters, creating a profit for our private investment clients. With a focus on preserving assets and capitalizing on opportunities, TPI clients benefited greatly from the TPI strategies, allowing them to stay on track with their life goals

Disclaimer: The content in this article is written for educational and informational purposes only.  There is no offer or recommendation to buy or sell any security and no information contained here should be interpreted or construed as investment advice. Do you own due diligence as the information in this article is the opinion of Anthony M. Cherniawski and subject to change without notice.

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