Author Archives: tonych

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 →

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 →