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There have been a few compressions in stock indices in the last 24 hours. The two main ones to report are in FTSE and MidCap futures. The compressions are shown as blue bars, overlaid on the price range, as usual:…

The session on Friday that saw an apparent steepening in the uptrend of US equity indices produced a number of top extensions around the world. Starting with the US itself, there was a daily-scale top signal in the Dow second-month…

We have been following the course of compressions that we saw in each of these 4 main asset classes. They have correlated, separated and now are each going their own way. Stocks are seemingly steepening their uptrend, especially in the…

In the last edition we pointed out that these 4 important assets were all making compressions at a daily scale. Now that a little time has passed, here is an update on the ‘outrun’ period from those compressions, which are…

Last week’s astonishing events in which nearby WTI crude futures traded deep into negative price territory two days before expiry had all the hallmarks of a ‘selling climax’. We have waited until the end of the week to write about…

This appeared on our website in a timely manner but the notification system failed to send emails informing readers that we had written it. Sorry – this repeat should solve that The sell-off into Friday’s lows in stocks produced more…

The sell-off into Friday’s lows in stocks produced more bottom extensions in very many US sector indices (not shown here – we already advised buying in the last edition) and in other national indices around the world. Here are the…

The sharp weakness across the world in stocks and commodities has now produced dozens of daily-scale bottom extensions. In the US most major and minor indices have extended – these charts are up to date as of 4 hours before…

There were several bottom extension signals in equity indices yesterday. Here is a signal in the Eurostoxx and the beginnings of one in the S&P today. Please note that the S&P signal is generated only using data from the European…

Worry about the further spread of Covid-19, formerly known as the Corona Virus pushed stocks down yesterday and Gold up to a new high for the move. This was enough to produce a top extension and we would now start to…