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German government bunds made a bottom extension yesterday and so did one of the US real estate investment trusts that we follow: Bunds are in the process of falling away from the bottom of a weekly-scale compression, so this new…

Several Dow instruments made daily-scale compressions yesterday. Here is the Dow ‘tracker’ ETF called DIA and one of the futures contracts: We have been suggesting that US stocks are making a ‘top’ hereabouts and wrote in the August 12th edition…

There were top extensions in the equity markets of Spain and Greece again on Friday. These were at a daily scale and have occurred as we enter this current week of expected stock market turns. There are lots of turns…

There were daily-scale top extensions in most of the Nasdaq instruments yesterday. This comes at a time when we do not have a turn due (until next week) so this is probably just part of the ‘rolling over’ that we…

There were more top extensions in European equity indices yesterday. Spain extended again, as did Greece for the first time and, perhaps most significantly, the German MDAX index. This comprises the 50 biggest companies not in the main DAX index…

There was a top extension at a daily scale in the Spanish stock market yesterday. The market has opened slightly higher today, which is also a turn day and today's higher opening price is a new rally high for the…

We are broadly bearish about grains as we are about most other commodity markets, but have not found suitable circumstances to give a fresh ‘short-sell’ recommendation. The last grain advice we provided was in the July 2nd edition when we…

There are some metals turns due today, not in gold but in platinum and copper. There is also a commodity index turn due today. Markets have dipped a bit, so this may mark an interim  low point. On Tuesday 30th/Wednesday…

Stock markets were due to turn last week, most probably on Wednesday 17thJuly, which was the middle day of a large three-day cluster of turns. Prices were rising immediately before the turn period so we expected a high point to…

Today is the last day of the 3-day turn cluster that we have been expecting in equity markets around the world. The main components of the turn are from US and European indices but there are some contributions from Asia…