Monthly Archives: June 2023

8:25 am Good Morning! NDX futures continue to consolidate beneath the Monday high.  The Cycles Model suggests trending strength may revive over the weekend.  Wednesday’s trending strength day produced a loss, suggesting further losses to come. Today’s op-ex shows Max … Continue reading →

8:10 am Good Morning! NDX futures are flat this morning as small cap stocks take up the slack.  Yesterday’s trending strength was to the downside, suggesting a new trend. Today’s op-ex shows Maximum Pain at 14325.00.  Long gamma is above … Continue reading →

9:42 am The Ag Index was repelled by its 50-day Moving Average at 442.50 on Monday and is seeking support at its Cycle Bottom at 427.46.  It may probe lower, to the bottom trading channel trendline near 415.00 in the … Continue reading →

7:45 am Good Morning! It’s time to review the bluest of the blue chips as a contrast my previous reporting.  While the NDX is making new retracement highs, the DJIA may have already put in the high in December and … Continue reading →

8:00 am Good Morning! A weekly chart serves us best at this juncture.  The reason is that NDX just rose to the 61.8% Fibonacci retracements level (14324.71) of the 2022 decline on May 26.  To that extent, it has met … Continue reading →

7:50 am Good Morning! The Cycles are providing more answers now, as the rally progresses.  The end of next week will give the initial bearish Cycle and its retracement exactly 17.2 months.  It appears that there may a few more … Continue reading →