Monthly Archives: June 2023

10:30 am The Banking Index may have reached another Master Cycle high this morning as it may have completed a 70% retracement of its decline from its June 14 high at 83.38.  The Cycles Model now suggests a 2-month decline … Continue reading →

9:30 am BKX just plunged beneath the 50-day Moving Average at 79.15 and Intermediate-term support at 78.25 to confirm a sell signal.  Something may emerge in the Banking Sector that constricts liquidity.  The Head & Shoulder target is still valid. … Continue reading →

12:38 pm SPX has completed an impulsive decline and is due for a retracement.  The 50% retracement value is very near 4400.00, as is other overhead resistance.  Should that be the retracement target, we may see the rally continue another … Continue reading →

7:45 am Good Morning! NDX futures are approaching 15000.00 in their decline.  A decline beneath this may reinforce the aggressive sell signal given by the Cycles Model.  Further bolstering of the aggressive sell lies beneath the Cycle Top at 14462.55.  … Continue reading →

10:12 am The Ag Index is taking a breather after it run-up from the Master Cycle low on June 13.  It is on a buy signal that may show trending strength through mid-July.  It is still early enough to accumulate … Continue reading →

2:13 pm On Tuesday I mentioned that the opportunity for a long-term position in the Ag Index was ideal.  The timing could not have been better, with a 7.8% gain in only three days.  Note the long-term target which may … Continue reading →

3:00 pm This week’s surge in stocks defies all explanation, other than FOMO.  The next technical resistance levels are round number resistance at 5300.00 and the 78.6% retracement level at 4534.00.  The reversal may come without warning. 3:30 pm Here … Continue reading →

9:55 am BKX may have finally completed its retracement at 83.38 and its Master Cycle on day 260 today.  The retracement was an irregular one, since it had not achieved its prior high at 85.95.  Nor has it achieved the … Continue reading →

8:30 am This gets top billing.  The Ag Index may have hit its Master Cycle low yesterday, on day 263.  If so, the rally of a lifetime in Ag products may have started.  This may appear to be a departure … Continue reading →

3:24 pm VIX appears to be closing near Wednesday’s Max Pain at 15.00.  The Call volume is growing with the June 21 op-ex exploding in the hundreds of thousands options with Max Pain rising to 21.00. ZeroHedge comments, “In calls … Continue reading →