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There was another monthly-scale top extension in the Nasdaq 100 in February, as shown here: US equities have been rising since November 2008 and this five-year+ rally is now looking dangerously over-extended. The dip that lasted only one day on…

There have been some fresh top extensions in equity indices to report to you. Canada, France and Sweden have all produced signals at a daily scale in the last few days and this confirms our bear view of equity markets…

Commodity top extensions continue. The main commodity index has continued to make extension signals and now we have had individual extensions in soy beans and sugar: These two new signals mean that soy beans can now be sold short in…

We recently reported a top extension in the main commodity index that we follow and it has now made another. These signals are just at a daily scale but we think that commodity prices are only experiencing a bear market…

Our advice in the commodity markets has been to expect bear market rallies and we have recommended buying copper, soya and gold in the last few weeks. We have avoided energy markets as there are weekly-scale compression signals that have…

Today is a turn day in equity markets.  We have not published a schedule of turns lately as there are none of any size that we can identify in these recent weeks except this solitary example. The component parts of…

We recommended covering shorts in the US and Europe and reversing into long positions in the 4th February edition: These markets almost immediately rallied and compressions quickly formed and broke up in the Nasdaq and Eurostoxx futures which gave a…

The world’s stock markets have mostly had sharp rallies in the last few days. These have been fierce enough in a couple of cases to make us think that short-covering is the most likely cause and sure enough, there have…

We reported some bottom extensions in Asia at the end of the first equity market drop just before Chinese New Year.  Malaysia, Singapore and Hong Kong all made daily-scale signals but we did not advise buying at that time. Yesterday…

Dow futures made a bottom extension last night, as did Comex copper. We have seen some sector bottom extensions in the last few days – insurance first and now  oil and gas and now this major market index, so it…