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There is little to report in the midst of all this sideways ‘churning’. Some US and European stock indices re-compressed at a weekly scale on Friday (we can only ever see signals at the end of their period, whether daily,…

There were multiple further weekly-scale compressions in equity indices last week, in the US and elsewhere. Here are the US examples, without further adornment: and France and Germany: There have also been multiple weekly-scale compressions in US sector-specific instruments. Here…

There were fresh weekly-scale compressions in several important US equity indices last week: Naturally this means that the current range-bound condition of the whole market has not resolved, but it also a repeat warning that it will ‘break’ in one…

There have been a series of compressions at daily, weekly and even one at a monthly scale in US stock indices: This has the usual meaning – the range has gone on long enough that pressure is building for a…

There have been daily-scale top extensions in the last few days in a Japanese and also a Russian equity index that we follow: This makes us a little more nervous that we already were about the possibilities of further gains…

There was a daily-scale compression in NY coffee futures two days ago that broke upward yesterday: As you can see from the earlier compression in this same chart, such breaks can start a run-up that can go for some distance…

We have remarked that the prevailing mood in investment circles in general and markets in particular has been that of dread because of some impending apocalypse or other. This goes some way to explaining the current mania for bonds, pushing entire yield curves…

As we warned was likely, compression signals did occur in the main US equity indices yesterday and in two European national indices and Japan. Several other US indices and one in Canada also compressed but all the charts look very similar,…

The lull that has led to range-bound markets seems to be ending. Both WTI Crude Oil and Natural Gas have compressed in the last few days, although there is no clear break yet. Interestingly, there has been some increased correlation…