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Stocks, bonds commodities and non-US$ currencies have all fallen in the past few days. Some were already dropping when the US employment number came out firmer than expected on Friday but all have fallen since. This is not the customary…

US equity markets have continued to rise and still have not produced any top extensions. We are waiting to see if a short-sale opportunity presents but there is no reason to attempt it yet. Those indices in other countries that…

There has been a further scattering of top extensions in equity markets, all at a daily scale: US equity markets have also risen but there have not yet been any top extensions. We still take the view that profits should…

There has been a further small rise in stock markets, as we warned was possible in the last edition. There has been similar renewed buying in bunds and grains and now we start to see top extensions. As usual, these…

Equity markets have bounced with varying degrees of enthusiasm since the last edition in which we pointed out bottom extensions in the Nasdaq and some in energy contracts too. US indices are now at (or just under) the level where we…

The sell-off in stocks has produced the first extension in a major US index as the Nasdaq made a daily-scale bottom extension yesterday – several measures extended and we show the QQQs. Several energy contracts also extended in the last…

The recent sharp rally in US Treasuries has resulted in a daily-scale top extension. This is typical of the saw-tooth pattern that seems to be developing, in which a very gradual uptrend underpins a jagged series of highs. It is…

There have been daily-scale compressions in several US indices – the NYSE composite, both cash S&P400 midcap and the futures contract and also in the main European ‘generic’ index, the Eurostoxx: This means that pressure is building up for a…

The Yen is regarded as a safe haven by the Japanese, who tend to flock into it when they see trouble abroad. This happened in last December/early January when there was a wave of such buying while world stock markets…

Grains have rallied sharply in the last few sessions after the scattering of bottom extension signals that we have been reporting. This new rally probably marks that end of the bear phase that has gripped many crop commodities in recent months…